international financial crisis and its spillovers to the real economy. To rebuild investor confidence, the new government will need …

Envelopment Analysis (DEA). The analysis is restricted to public spending on education and healthcare. Apart from their important … government expenditure in Malta, suggesting that even incremental gains can lead to important improvements in budgetary resource … allocations. For expenditure on education, the findings show that, whereas public expenditure in Malta appears relatively …

general economic activity. Changes in the international price of oil affect government revenues from the corporate and …

15 years, with government deficits reaching their highest levels in election years (1994, 1998, 2002 and 2006). This …

This Country Focus studies the impact of changes in government expenditure in Hungary over the period 1997Q1 to 2005Q4 … using a structural vector-autoregressive model. The results suggest that discretionary shifts in government expenditure have … government spending leading to an increase in their income, our findings point to a negative reaction on the part of the …