This paper is concerned with the issue of the intertemporal relationship between revenues and expenditures and the way in which a State Government manages public deficits. In this study, different hypotheses are considered to examine such a problem. The socalled tax-spend hypothesis postulates that government raises tax revenues ahead of engaging in new expenditures. The… Continue reading The Tax-Spend Debate: Time Series Evidence from Sarawak Municipals, 1975-2003
Category: State Government
Developmental States And Economic Growth At The Sub-National Level: The Case of Penang
The article discusses the relationship between sub-national institutions, policies and economic development in Penang, Malaysia. The three characteristics of the Developmental State which are needed for promoting economic transformation are explored including autonomous and capable bureaucracy, a commitment to economic growth and public-private cooperation. How the Penang State Government influenced the development of its electronics… Continue reading Developmental States And Economic Growth At The Sub-National Level: The Case of Penang