Are fiscal consolidation episodes helpful for public sector efficiency?

Afonso, António; Alves, José

http://hdl.handle.net/10400.5/24339

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Autores

Afonso, António

Alves, José

Resumo(s)

We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries for the 2007-2020 period. We find that fiscal consolidations improve public sector efficiency and results are robust across efficiency models. Moreover, peripheral euro-area economies and economies with debt-to-GDP ratios between 60% and 90% are those whose public sector efficiency scores improve more when fiscal consolidation episodes occur. The evidence that fiscal consolidations enhance spending efficiency is an additional argument for fiscal consolidations, from a policy perspective.

Palavras-chave

fiscal consolidation episodes government spending efficiency panel data OECD

URI

http://hdl.handle.net/10400.5/24339

Citação

Afonso, António e José Alves (2022). "Are fiscal consolidation episodes helpful for public sector efficiency?". REM Working paper series, nº 0230/2022

Projetos de investigação

Research in Economics and Mathematics

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Editora

ISEG - REM - Research in Economics and Mathematics

Coleções

REM - REM Working Papers Series

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