Afonso, AntónioAlves, José2022-05-192022-05-192022-05Afonso, António e José Alves (2022). "Are fiscal consolidation episodes helpful for public sector efficiency?". REM Working paper series, nº 0230/20222184-108Xhttp://hdl.handle.net/10400.5/24339We 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.engfiscal consolidation episodesgovernment spending efficiencypanel dataOECDworking paper