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This paper uses a simple model to analyze the forces that determine the size of the public sector and the quality of workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy that maximizes a social welfare function U(s, Y) that depends on...
Persistent link: https://www.econbiz.de/10014400822
Persistent link: https://www.econbiz.de/10014409880
This paper argues that the development of human capital in the public sector should be an important ingredient in any proposed set of “second-generation” reforms for Africa. In the post-colonial era the quality of governance has seriously declined, and the stock of human capital in the...
Persistent link: https://www.econbiz.de/10014401612
We study the determinants of employment and wages in the public sector, using a new set of panel data for 34 LDCs and 21 OECD countries from 1972–992, by estimating equations suggested by an efficiency wage model. We find that government employment is positively associated with the relaxation...
Persistent link: https://www.econbiz.de/10014398143
This paper pursues several objectives. First, it presents a sketch of a positive (or real-world) theory of public sector intervention. Second, it analyzes in some detail the activity of the public sector in nine market economies of developing Asia and relates this activity to the growth of the...
Persistent link: https://www.econbiz.de/10014395758
Increasing public debt vulnerabilities in low-income developing countries (LIDCs) have heightened the need for fuller and more transparent accounting of public sector debt (PSD). The framework for reporting on public sector debt is sound. But there is room for LIDCs to further improve their...
Persistent link: https://www.econbiz.de/10014407902
Following an extended period of strong economic performance, Vietnam is facing considerable challenges. Growth …
Persistent link: https://www.econbiz.de/10014402519
In this study, the following are listed in detail: gross domestic product by expenditure and by sector and ownership at current prices and at constant prices, consumer price inflation, gross value of agricultural production at constant prices, production of food staples, industrial crop...
Persistent link: https://www.econbiz.de/10014404701
Vietnam was remarkably successful in bringing down inflation in the 1990s to a single-digit range, after a period of …. Petroleum price increases appear to have had a modest direct effect on inflation in Vietnam, peaking at about 1 percent in 2005 …
Persistent link: https://www.econbiz.de/10014404755
are subject to risks. IMF staff supports the State Bank of Vietnam’s (SBV’s) plan to establish a more flexible exchange …
Persistent link: https://www.econbiz.de/10014404756