This paper investigates the efficiency of the public sector in a sense of public performance and expenditures. For 23 …, security and infrastructure. We use several efficiency techniques (FDH, order-m) and investigate input- and output …-oriented efficiency of the public sector. We find that countries with small public sectors tend to be more efficient no matter which …

address liquidity and solvency crises has been patchy and inconsistent, with no clear distinction between the two; in … specialized ILLR facilities to address problems of liquidity, adjustment, and debt restructuring in a focused but robust way as …