fiscal costs operate
Automatic stabilizers
Other non-discretionary impacts
Discretionary fiscal stimulus
Asian Development Bank (2009a) also notes that a country's ability to withstand shocks depends on a set of variables that may either amplify or absorb them.
Countries with strong macroeconomic fundamentals would be better able to withstand or absorb shocks, and those with weak and n
Ⅰ. Introduction
It is 16th years after sublicensed local autonomy. For maximizing citizen participation, decentralization, and local tax revenue which are considered as local autonomy, each governments have reformed organization and many powers for autonomy used to be shifted local government.
But in spite of these effort of decentralization at the government level, If local government fa
Roh Moo Hyun period’s government
Increase in welfare and tried to distribute wealth
Pursued the welfare government based on Keynesian policy
Aimed at rational reform govt, integrated-nation govt, openness govt, and hopeful government
3 main state affairs’ goal: realization of democracy, construction of balanced society, and construction of North East Asian society with peace and prosp
Fiscal Balance
Economic insecurity and resulting social unrest occasioned by ever-expanding populations of involuntarily unemployed dominated social thinking in developed countries during much of the 20th century. As the average lifetime is getting higher, the percentage of World`s population aged 65 and over is going up.
Figure4. Percentage of World’s Population Aged 65 and over (*Pro
4. More Literature Review before Testing our Hypothesis: “Crime and Poverty: Evidence from a Natural Experiment” and “Economic Inequality and the Rise in U.S. Imprisonment”
In previous section we set our hypothesis “Increasing Sin taxes on cigarettes in Korea will increase the number of crimes in Korea.” To explain the logic behind this relationship, we also have researched academic