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Does public sector efficiency matter?: revisiting the relation between fiscal size and economic growth in a world sample

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Does public sector efficiency matter? revisiting the relation between fiscal size and economic growth in a world sample. / Angelopoulos, Konstantinos; Philippopoulos, Apostolis; Tsionas, Michael.
In: Public Choice, Vol. 137, No. 1-2, 01.10.2008, p. 245-278.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Angelopoulos, K, Philippopoulos, A & Tsionas, M 2008, 'Does public sector efficiency matter? revisiting the relation between fiscal size and economic growth in a world sample', Public Choice, vol. 137, no. 1-2, pp. 245-278. https://doi.org/10.1007/s11127-008-9324-8

APA

Angelopoulos, K., Philippopoulos, A., & Tsionas, M. (2008). Does public sector efficiency matter? revisiting the relation between fiscal size and economic growth in a world sample. Public Choice, 137(1-2), 245-278. https://doi.org/10.1007/s11127-008-9324-8

Vancouver

Angelopoulos K, Philippopoulos A, Tsionas M. Does public sector efficiency matter? revisiting the relation between fiscal size and economic growth in a world sample. Public Choice. 2008 Oct 1;137(1-2):245-278. doi: 10.1007/s11127-008-9324-8

Author

Angelopoulos, Konstantinos ; Philippopoulos, Apostolis ; Tsionas, Michael. / Does public sector efficiency matter? revisiting the relation between fiscal size and economic growth in a world sample. In: Public Choice. 2008 ; Vol. 137, No. 1-2. pp. 245-278.

Bibtex

@article{a31de1b965954d418b1d5fa0fac34da9,
title = "Does public sector efficiency matter?: revisiting the relation between fiscal size and economic growth in a world sample",
abstract = "This paper revisits the relationship between fiscal size and economic growth. Our work differs from the empirical growth literature because this relationship depends explicitly on the efficiency of the public sector. We use a sample of 64 countries, both developed and developing, in four five-year time periods between 1980 and 2000. Building on the work of Afonso et al. (Public Choice 123:321–347, 2005), we construct a measure of public sector efficiency in each country and each time period by calculating an output-to-input ratio. In addition, we get an estimate of technical efficiency of public spending for 52 countries from 1995 to 2000 by employing a stochastic frontier analysis. Using these two measures, we find evidence of a non-monotonic relation between fiscal size and economic growth that depends critically on the size-efficiency mix.",
keywords = "Fiscal policy , Government efficiency , Growth",
author = "Konstantinos Angelopoulos and Apostolis Philippopoulos and Michael Tsionas",
year = "2008",
month = oct,
day = "1",
doi = "10.1007/s11127-008-9324-8",
language = "English",
volume = "137",
pages = "245--278",
journal = "Public Choice",
issn = "0048-5829",
publisher = "Springer Netherlands",
number = "1-2",

}

RIS

TY - JOUR

T1 - Does public sector efficiency matter?

T2 - revisiting the relation between fiscal size and economic growth in a world sample

AU - Angelopoulos, Konstantinos

AU - Philippopoulos, Apostolis

AU - Tsionas, Michael

PY - 2008/10/1

Y1 - 2008/10/1

N2 - This paper revisits the relationship between fiscal size and economic growth. Our work differs from the empirical growth literature because this relationship depends explicitly on the efficiency of the public sector. We use a sample of 64 countries, both developed and developing, in four five-year time periods between 1980 and 2000. Building on the work of Afonso et al. (Public Choice 123:321–347, 2005), we construct a measure of public sector efficiency in each country and each time period by calculating an output-to-input ratio. In addition, we get an estimate of technical efficiency of public spending for 52 countries from 1995 to 2000 by employing a stochastic frontier analysis. Using these two measures, we find evidence of a non-monotonic relation between fiscal size and economic growth that depends critically on the size-efficiency mix.

AB - This paper revisits the relationship between fiscal size and economic growth. Our work differs from the empirical growth literature because this relationship depends explicitly on the efficiency of the public sector. We use a sample of 64 countries, both developed and developing, in four five-year time periods between 1980 and 2000. Building on the work of Afonso et al. (Public Choice 123:321–347, 2005), we construct a measure of public sector efficiency in each country and each time period by calculating an output-to-input ratio. In addition, we get an estimate of technical efficiency of public spending for 52 countries from 1995 to 2000 by employing a stochastic frontier analysis. Using these two measures, we find evidence of a non-monotonic relation between fiscal size and economic growth that depends critically on the size-efficiency mix.

KW - Fiscal policy

KW - Government efficiency

KW - Growth

U2 - 10.1007/s11127-008-9324-8

DO - 10.1007/s11127-008-9324-8

M3 - Journal article

VL - 137

SP - 245

EP - 278

JO - Public Choice

JF - Public Choice

SN - 0048-5829

IS - 1-2

ER -