In the past two decades, much of the literature in the area of government financial management has been devoted to studying the causes of fiscal stress. Most studies emphasized the role of such factors as economic cycles, business relocation and factors beyond the control of policy makers as...

This study is a follow up of an earlier investigation concerning the effects of governance practices and investment strategies on public pension fund risk adjusted financial performance. Specifically, the inquiry uses three cross sectional national surveys of state and local government...

This study is a follow up of an earlier investigation concerning the effects of governance practices and investment strategies on public pension fund risk adjusted financial performance. Specifically, the inquiry uses three cross sectional national surveys of state and local government...

The purpose of this study is to explore possible simultaneous relationships between inward FDI and indigenous innovation in developing economies. The results of simultaneous-equations analysis reveal that there exist reciprocal relationships between the two; however, in opposing directions....

This empirical study investigates the relationship between local fiscal decentralisation and economic development among all US states from 1977 through 1997 by employing a vector autoregression (VAR) model. While past literature focused on a one way relationship between fiscal decentralisation...