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Using annual data from 14 European Union countries, plus Canada, Japan and the United States, we evaluate the macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess the extent of crowding-in or crowding-out of both...
Persistent link: https://www.econbiz.de/10011604910
productivity in State-Owned Enterprises (SOEs) in Portugal. Moreover, we also study whether such effects are different taking into … holidays did not impact labour productivity for either central or local and regional government managed SOEs. Though revocation … of holidays espoused to improve productivity, the policy seems to have served a ceremonial purpose, but not an economic …
Persistent link: https://www.econbiz.de/10012237652
impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to … affect either productivity or capital formation but they have a clear medium-term effect on the labor market. Moreover …
Persistent link: https://www.econbiz.de/10013266657
sector employment and wages on the labour market, particularly on private sector wages. Our empirical evidence shows that the … growth of public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover …, total factor productivity, the unemployment rate, hours per worker, and inflation, are also important determinants of …
Persistent link: https://www.econbiz.de/10011605017
public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover, total … factor productivity, the unemployment rate and the degree of urbanisation are also important determinants of private sector …
Persistent link: https://www.econbiz.de/10010278613
firms that borrowed more increased employment and fixed capital investment, albeit to a lesser degree than before the APP …
Persistent link: https://www.econbiz.de/10013177644
In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and rankings by applying a range of measurement...
Persistent link: https://www.econbiz.de/10011604627
We address the efficiency of expenditure in education provision by comparing the output (PISA results) from the educational system of 25, mostly OECD, countries with resources employed (teachers per student, time spent at school). We estimate a semi-parametric model of the education production...
Persistent link: https://www.econbiz.de/10011604540
budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …
Persistent link: https://www.econbiz.de/10011604821
The prevalence of either Ricardian or non-Ricardian fiscal regimes is important both for practical policy reasons and to assess fiscal sustainability, and this is of particular relevance for European Union countries. The purpose of this paper is to assess, with a panel data set, the empirical...
Persistent link: https://www.econbiz.de/10011604604