Fiscal Policy and Management in East Asia

Acknowledgments xi Introduction 1(8) Takatoshi Ito Andrew K. Rose I. Fiscal Systems in Developing and Developed Countries Puzzling Tax Structures in Developing Countries: A Comparison of Two Alternative Explanations 9(36) Roger Gordon Wei Li Francis T. Lui Michael M. Alba II. The Impact of Government Policy on Private Behavior The Direct Substitution between Government and Private Consumption in East Asia 45(18) Yum K. Kwan Kiyoshi Mitsui Mario B. Lamberte Measuring the Effectiveness of Fiscal Policy in Korea 63(36) Seok-Kyun Hur Wei Li Yum K. Kwan Income Risk and the Benefits of Social Insurance: Evidence from Indonesia and the United States 99(34) Raj Chetty Adam Looney Roger Gordon Mario B. Lamberte III. International Long-Run Sustainability Issues Will China Eat Our Lunch or Take Us to Dinner? Simulating the Transition Paths of the United States, the European Union, Japan, and China 133(66) Hans Fehr Sabine Jokisch Laurence J. Kotlikoff Yasushi Iwamoto Cielito F. Habito External Debt, Adjustment, and Growth 199(26) Delano P. Villanueva Roberto S. Mariano Francis T. Lui IV. Sustainability: Country Issues Australian Government Balance Sheet Management 225(32) Wilson Au-Yeung Jason McDonald Amanda Sayegh Youngsun Koh Corrinne Ho Dealing with Contingent Liabilities: The Philippines 257(32) Gilberto M. Llanto Jason McDonald Shigeki Kunieda Reforming the Fiscal Management System in Korea 289(50) Youngsun Koh Gilberto M. Llanto Chong-Hyun Nam Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy 339(38) Young Jun Chun Laurence J. Kotlikoff Shigeki Kunieda Sustainability, Debt Management, and Public Debt Policy in Japan 377(38) Takero Doi Toshihiro Ihori Kiyoshi Mitsui Dante B. Canlas Policy Options for Financing Future Health and Long-Term Care Costs in Japan 415(32) Tadashi Fukui Yasushi Iwamoto Epictetus Patalinghug Raj Chetty Contributors 447(4) Author Index 451(4) Subject Index 455