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Cross-country efficiency of secondary education provision: a semi-parametric analysis with non-discretionary inputs

Afonso, António; St. Aubyn, Miguel - 2005

We address the efficiency of expenditure in education provision by comparing the output (PISA results) from the educational system of 25, mostly OECD, countries with resources employed (teachers per student, time spent at school). We estimate a semi-parametric model of the education production...

Persistent link: https://www.econbiz.de/10011604540

Echoes of instability : how geopolitical risks shape government debt holdings

Afonso, António; Alves, José; Monteiro, Sofia - 2024

study uses a comprehensive approach to assess the impact of rising geopolitical risk on sovereign debt holdings for a panel … investor's portfolios. Our results allow us to conclude that while domestic economic agents display clearer risk aversion …, foreign economic agents have a more risk-taking behaviour in what concerns the financial investment on government debt. …

Persistent link: https://www.econbiz.de/10014632361

Beyond borders : assessing the influence of geopolitical tensions on sovereign risk dynamics

Afonso, António; Alves, José; Monteiro, Sofia - In: European journal of political economy 83 (2024), pp. 1-21

Persistent link: https://www.econbiz.de/10014547135

Beyond borders : assessing the influence of geopolitical tensions on sovereign risk dynamics

Afonso, António; Alves, José; Monteiro, Sofia - 2023

We assess the impact of geopolitical risk and world uncertainty on the sovereign debt risk of 26 European Economies … European country's sovereign risk as measured by 5- and 10-year Credit Default Swaps (CDS) and bond returns. Moreover, this …

Persistent link: https://www.econbiz.de/10014442414

Fiscal episodes, technological progress and market power

Afonso, António; Jalles, João Tovar - 2015

Persistent link: https://www.econbiz.de/10011549831

Quality of public finances and growth

Afonso, António; Ebert, Werner; Schuknecht, Ludger; … - 2005

In this paper we review the linkages between the quality of public finances, that is, the level and composition of public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through which public finances affect growth and its underlying...

Persistent link: https://www.econbiz.de/10011604484

Fiscal policy and growth: do financial crises make a difference?

Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010

In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...

Persistent link: https://www.econbiz.de/10011605263

The role of government debt in economic growth

Afonso, António; Alves, José - 2014

Persistent link: https://www.econbiz.de/10011554320

Corruption and economic growth : does the size of the government matter?

Afonso, António; Rodrigues, Eduardo de Sá Fortes Leitão - 2021

Corruption is often a source of contentious debate, covering different areas of knowledge, such as philosophy and sociology. In this paper we assess the effects of corruption on economic activity and highlight the relevance of the size of the government. We use dynamic models and the Generalized...

Persistent link: https://www.econbiz.de/10012504814

The nexus between economic freedom and economic growth in the LDCs : an empirical analysis for the period 2000-2021

Afonso, António; Blanco-Arana, M. Carmen - 2023

Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs)...

Persistent link: https://www.econbiz.de/10014427512