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Public Sector Efficiency: An International Comparison
TLDR
In this paper, the authors compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub-indicators, for 23 industrialised countries.Abstract:
We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub-indicators, for 23 industrialised countries. The first four sub-indicators are "opportunity" indicators that take into account administrative, education and health outcomes and the quality of public infrastructure and that support the rule of law and a level playing-field in a market economy. Three other indicators reflect the standard "Musgravian" tasks for government: allocation, distribution, and stabilisation. The input and output efficiency of public sectors across countries is then measured via a non-parametric production frontier technique.read more
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International Risk Sharing and the Transmission of Productivity Shocks
TL;DR: In this paper, the authors show that with incomplete asset markets, productivity disturbances can have large uninsurable effects on wealth, depending on the value of the trade elasticity and shock persistence.
Journal ArticleDOI
Sustainable procurement in the public sector: an international comparative study
Stephen Brammer,Helen Walker +1 more
TL;DR: In this article, the authors report the findings of a survey of sustainable procurement practices within a sample of over 280 public procurement practitioners from 20 countries and with collective responsibility for expenditure totalling $45bn p.a.
Posted Content
The Great Depression and the Friedman-Schwartz hypothesis
TL;DR: In this paper, the authors evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression and identify a monetary base rule that responds only to the money demand shocks in the model.
Posted Content
Equilibrium Unemployment, Job Flows and Inflation Dynamics
TL;DR: In this article, a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities is developed to explain the joint fluctuations of output, inflation and the labor market.
Journal ArticleDOI
Non-Parametric Approaches to Education and Health Efficiency in OECD Countries
António Afonso,Miguel St. Aubyn +1 more
TL;DR: In this paper, the efficiency in education and health sectors for a sample of OECD countries by applying two alternative nonparametric methodologies: FDH and DEA, is analyzed. But the efficiency of the FDH method was not compared to DEA.
References
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Measuring the efficiency of decision making units
TL;DR: A nonlinear (nonconvex) programming model provides a new definition of efficiency for use in evaluating activities of not-for-profit entities participating in public programs and methods for objectively determining weights by reference to the observational data for the multiple outputs and multiple inputs that characterize such programs.
Book
The Grabbing Hand: Government Pathologies and Their Cures
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: In many countries, public sector institutions impose heavy burdens on economic life: heavy and arbitrary taxes retard investment, regulations enrich corrupt bureaucrats, state firms consume national wealth, and the most talented people turn to rent-seeking rather than productive activities as mentioned in this paper.
Journal Article
The measurement of productive efficiency : techniques and applications
TL;DR: In this paper, the authors focus on measuring and explaining producer performance, and they view performance as a function of the state of technology and economic efficiency, and show that insights can be gained by allowing for the possibility of a divergence between the economic objective and actual performance, associating this inefficiency with causal variables subject to managerial or policy influence.