With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … costs and other pressures. Estimating investment efficiency, however, presents many methodological pitfalls. Using various … methods—–stochastic frontier analysis, data envelopment analysis (DEA), and bootstrapped DEA—this paper estimates efficiency …

recession. Increasing the efficiency of social spending could be the key policy to address the dilemma as it allows the … optimization of the existing resources by reducing spending inefficiencies. This paper quantifies the efficiency gap in the health …

developing countries across the world. We analyze the impact of this shift into services on countries' efficiency in collecting … the value-added tax (VAT). The analysis is based on two alternative measures of VAT efficiency: (1) the VAT C-efficiency … 2004-2016. We find that a higher share of services in aggregate value-added reduces the VAT efficiency, and that this …

Poor performance of the electricity sector remains a drag to economic efficiency and a bottleneck to economic activity …

This paper examines the effect of the efficiency of the education system on Foreign Direct Investment (FDI). First, it … focuses on the external efficiency and applies a frontier-based measure as a proxy of the ability of countries to optimally … efficiency of the education system and FDI inflows by applying GMM regression technique. The results show that the efficiency …

public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment … and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure … investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and …

This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …

redistribution, and Anthony Atkinson, who showed how equity and efficiency canbe measured simultaneously and summarized in a single …