Fiscal expansion in Bangladesh, the People's Republic of China, Indonesia, and the Philippines via increased spending is typically more effective than fiscal expansion via tax rate reduction for stimulating growth. On the other hand, the effectiveness of expenditure versus tax-side automatic...

Since the early 1990s, the number of papers estimating econometric models and using other quantitative techniques to try to understand different aspects of the Chinese economy has mushroomed. A common feature of some of these studies is the use of neoclassical theory as the underpinning for the...