In this study, I will look at the spending role of government and the outcomes of government activity in Europe and Asia. Public spending and performance patterns differ hugely across countries. Asian "tigers" and some advanced countries show low public spending coupled with strong performance...

Based on the observation of an unabated trend towards higher social spending ratios in advanced countries, the study analyzes the risk of "social dominance", where social expenditures dominate fiscal policy, and undermine growth and fiscal sustainability. We scrutinize this risk by analyzing...