parameters can lead a country towards sustainable development. To develop a country’s efficiency in terms of its SME development … countries belong to the same category. The present study has developed an efficiency score for each country in terms of …

,953 observations show that efficiency wages increase labor productivity. Research limitations/implications: The scope of this study is … efficiency wages on firm-level labor productivity using the SME panel datasetVietnam's. The novelty of this study is the … introduction of the efficiency wages as an explanatory variable forto labor productivity. The study results shed light on …

efficiency. Specifically, while a larger size of government is bad for incentives when one ignores efficiency, the results change …, larger public sectors are bad for incentives. By contrast, when efficiency exceeds size, larger public sectors are not bad … government share in GDP; and as a measure of government efficiency, we construct an index by following the methodology of Afonso …