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performance, (2) what is the asymmetric effect of energy revenue shocks on government expenditure (disaggregated by categories …), and (3) what is the effect of government expenditure shocks (disaggregated by categories) on economic growth. The results … energy revenue shock is found to have a greater adverse effect on primary expenditure than a positive shock and this largely …
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What is the optimal policy response to a negative sectoral shock? How do frictions in goods and labor markets affect the nature and speed of the process of reallocating resources across alternative uses? Should government controlled inputs be allocated to compensate for frictions faced by the...
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This paper investigates the efficiency of the public sector in a sense of public performance and expenditures. For 23 … decentralization and fiscal rules on the public sector efficiency. We conclude that while decentralization is fostering efficiency …, fiscal rules do not have any effect. Moreover, fiscal rules combined with decentralization may harm efficiency, consistently …
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