Showing 1 - 10 of 1,401
This paper empirically examines the relationship between fiscal decentralization and public sector efficiency. A … country-level dataset is used to measure public sector efficiency in delivering education and health services and the new …, between 1970 and 2000. Irrespective of whether public sector efficiency concerns education or health services, an inverted U …
Persistent link: https://www.econbiz.de/10009650679
In this paper we seek a robust methodology to measure the relative public spending efficiency of 19 OECD countries over … into its separate accounts and we employ a semi-parametric method to obtain relative efficiency scores (for the separate …. Finally, we propose a technique to measure the allocative efficiency of public spending, in an effort to proxy the optimal …
Persistent link: https://www.econbiz.de/10005087510
The Two-Stage Least Squares (2-SLS) is a well known econometric technique used to estimate the parameters of a multi-equation (or simultaneous equations) econometric model when errors across the equations are not correlated and the equation(s) concerned is (are) over-identified or exactly...
Persistent link: https://www.econbiz.de/10005837152
Indirect inference estimators (i.e., simulation-based minimum distance estimators) in a parametric model that are based on auxiliary non-parametric maximum likelihood density estimators are shown to be asymptotically normal. If the parametric model is correctly specified, it is furthermore shown...
Persistent link: https://www.econbiz.de/10008764720
One learns two main lessons from studying the great quantity of banking efficiency literature. These lessons regard the … perform a Meta-Regression-Analysis (MRA) by examining 1,661 efficiency scores retrieved from 120 papers published over the … lower levels of banking efficiency than nonparametric studies. This holds true even after controlling for the approach used …
Persistent link: https://www.econbiz.de/10011110871
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...
Persistent link: https://www.econbiz.de/10005835397
This paper synthesises some of the (New) Public Expenditures Theories. It also focuses on the Fiscal Adjustments theme. We analysed public expenditures evolution in a sample composed by seventeen OCDE countries observed between 1870 and 1990. Our conclusion recognizes the heterogeneity of the...
Persistent link: https://www.econbiz.de/10005836722
Previous studies on the effect of government size on corruption have produced mixed results. For the purpose of explaining these ambiguous results, our study investigates the effect of government size on corruption by taking into account the role of democracy level in each country. Using annual...
Persistent link: https://www.econbiz.de/10008642679
This paper analyzes how corruption affects the composition of public expenditures. First, a two-stage rent-seeking model with endogenous rent-setting is derived that captures both "political corruption" and "bureaucratic corruption". The model illustrates how asymmetries between industries in...
Persistent link: https://www.econbiz.de/10008684881
This paper uses individual-level data from Japan (2003) to examine the effects of government size and the disclosure of official government information on happiness. The major findings are as follows. (1) Disclosure of official information is positively associated with the happiness of workers,...
Persistent link: https://www.econbiz.de/10008756506