I. The Welfare State.- Chapter1 The Fiscal Crises in Welfare Democracies with Some Implications for Public Investment.- Chapter2 Comments on James M. Buchanan’s Paper.- Chapter3 Social Security and Economic Growth-Implications for East Asia.- II. Public Investment and Economic Growth.- Chapter4 Corruption, Public Investment, and Growth.- Chapter5 Modeling Government Investment and Economic Growth-A Review and Some New Evidence.- Chapter6 Tax Evasion as a Disciplinary Mechanism for Fiscal Policy.- III. Inter-Governmental Relations.- Chapter7 Public Investment Issues and Efficient Climate Change Policy.- Chapter8 Decentralized Government and Macroeconomic Control.- Chapter9 Foreign Direct Investment-Rules versus Discretion.- IV. Tax Competition and Foreign Direct Investment.- Chapter10 Foreign Direct Investment and Tax Competition in Southeast Asia.- Chapter11 Investment Distinctions-The Effect of Taxes on Foreign Direct Investment in the U.S..- V. Foreign Investment in Transitional Economies.- Chapter12 Investment Crisis in Post-Soviet Russia.- Chapter13 The Infrastructure Development and Foreign Direct Investment in China.- VI. Intergovernmental Transfer Systems.- Chapter14 An Equalization Transfer System in Japan.- Chapter15 Fiscal Federalism in Australia.
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The current state of research in the international public finance field is elucidated in the fifteen papers collected in this volume, selected from among the more than 200 that were presented at the 53rd Congress of the International Institute of Public Finance held in Kyoto, Japan, in August 1997. The collection assembled here is not intended to comprise a proceedings of the Congress but, rather, presents the ideas of eminent scholars in seven areas of current research in the international public finance field: The Welfare State, Public Investment and Economic Growth, Inter-Governmental Relations, Tax Competition and Foreign Direct Investment, Foreign Investment in Transitional Economies-Russia and China, and Equalization Transfer Systems in Japan and Australia. The highlight of the Congress was the brilliant debate between two of the greatest authorities in the area of public finance, James M. Buchanan and Richard A. Musgrave, whose papers form the opening section of the volume.
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