Angelopulos, Kōnstantinos; Philippopulos, Apostolēs - 2021
of Afonso, Schuknecht and Tanzi (2003). Our regressions show that what really matters to social incentives is the … relation between size and efficiency. Specifically, while a larger size of government is bad for incentives when one ignores … exceeds our measure of efficiency, larger public sectors are bad for incentives. By contrast, when efficiency exceeds size …