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Government spending efficiency in Latin America
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Orientador(es)
Resumo(s)
We assess the public spending efficiency of 20 Latin American countries over the period
of 2000-2019, computing Data Envelopment Analysis efficiency scores. For the Public
Sector Performance composite indicator, we use the annual data of socio-economic
indicators, and for the input measure we consider Total Public Spending as a percentage
of GDP, by spending category. The results show that public spending during the period
under study increased, but that overall governments were not efficient, as on average they
could have used 27% less spending to achieve the same levels of performance. On the
other hand, governments could have increased their performance by 18% whilst
maintaining the same level of spending. The most-efficient countries were Chile,
Guatemala, Panama, and Paraguay, with the least efficient being Bolivia, Venezuela,
Nicaragua, Suriname, and Brazil.
Descrição
Palavras-chave
government efficiency Data Envelopment Analysis government spending Latin America
Contexto Educativo
Citação
Afonso, António e Gabriel Baquero Fraga (2022). "Government spending efficiency in Latin America". REM Working paper series, nº 0250/2022
Editora
ISEG - REM - Research in Economics and Mathematics