Showing 1 - 10 of 288
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … revenues to changes in government spending. Next, we make use of so-called government spending efficiency scores, which … the input efficiency scores obtained, countries' fiscal balance and fiscal sustainability is directly improved by the use …
Persistent link: https://www.econbiz.de/10013187684
This paper provides a new comparative analysis of pooled least squares and fixed effects estimators of the slope coefficients in the case of panel data models when the time dimension (T) is fixed while the cross section dimension (N) is allowed to increase without bounds. The individual effects...
Persistent link: https://www.econbiz.de/10011283819
We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries … for the 2007-2020 period. We find that fiscal consolidations improve public sector efficiency and results are robust … across efficiency models. Moreover, peripheral euro-area economies and economies with debt-to-GDP ratios between 60% and 90 …
Persistent link: https://www.econbiz.de/10013202419
This paper empirically links the efficiency and performance assessment of the general government, proxied by efficiency … scores, to the trust in government. Government spending efficiency scores are first computed via data envelopment analysis … (DEA). Then, relying on panel data and instrumental variable approaches, we estimate the effect of public sector efficiency …
Persistent link: https://www.econbiz.de/10013445458
This study examines the effects of the tax structure composition for public sector efficiency in a sample of 41 … indicators and use them as outputs to compute data envelopment analysis (DEA) efficiency scores under different orientation … different taxes for public efficiency in a panel regression specification. We find that tax effects are significantly different …
Persistent link: https://www.econbiz.de/10014393239
France lived through a long period of nationalization until the early 1980s, when nearly all the largest industrials firms as well as all the banks and public services were state-owned. Since then, a series of privatization moves have caused the state sector to shrink. Public services present a...
Persistent link: https://www.econbiz.de/10011401332
the analysis of privatisation and liberalisation in the utilities sectors. …
Persistent link: https://www.econbiz.de/10011401386
In order to achieve the commonly agreed emission reduction target, the European Commission developed binding national targets for each member state until 2030 and called upon the member states to submit National Energy and Climate Plans to ensure increased transparency for the respective...
Persistent link: https://www.econbiz.de/10012520502
The effects of extreme weather events, such as heat waves and droughts, are taken into account in both global and European policies. Accordingly, the protection of critical infrastructures and in particular, the resilience of the energy sector was the subject of intense research. There are...
Persistent link: https://www.econbiz.de/10012299466
analyze its effect on the valuation of energy utilities. We find that investors take stranded asset risk into consideration …
Persistent link: https://www.econbiz.de/10012123063