Showing 1 - 10 of 708
-effective delivery of public goods and services. This paper analyzes the composition of public expenditure in the Slovak Republic. It … also assesses the relative efficiency of spending in education and health. The Slovak Republic spends more on social … outcomes in an efficient manner in the education sector, this is not true for health. Moreover, the recent increases in …
Persistent link: https://www.econbiz.de/10011242183
new EU member states. Spending on health care, education, and social protection is relatively high in Slovenia without … facilitate the reallocation of relatively inefficient expenditure into higher priorities. In this manner, medium-term expenditure …
Persistent link: https://www.econbiz.de/10005826042
, have aimed at improving distributional equity through pro-poor expenditure programs, while at the same time seeking to …
Persistent link: https://www.econbiz.de/10005248152
The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on...
Persistent link: https://www.econbiz.de/10005826298
From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable … income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts … expenditures on housing, education, and health care. …
Persistent link: https://www.econbiz.de/10011123886
Consumer price indexes (CPIs) are compiled at the higher (weighted) level using Laspeyres-type arithmetic averages. This paper questions the suitability of such formulas and considers two counterpart alternatives that use geometric averaging, the Geometric Young and the (price-updated) Geometric...
Persistent link: https://www.econbiz.de/10011242235
Following the onset of the global economic crisis in 2008, SACU member countries have witnessed a significant growth slowdown, and a deterioration of their fiscal balances. This paper (i) assesses options for the design of the needed fiscal consolidation, and (ii) discussed medium-term fiscal...
Persistent link: https://www.econbiz.de/10010790301
This paper studies the factors behind pro-cyclical but widely varying construction shares (as a percent of GDP) across countries, with a strong focus on European countries. Using a dataset covering 48 countries (including advanced and emerging economies within and outside Europe) for 1990-2011,...
Persistent link: https://www.econbiz.de/10010790411
analyzes how these objectives can be met in Bulgaria through either a growth-adjusted balance rule or an expenditure rule …
Persistent link: https://www.econbiz.de/10009370549
This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007 …. It finds that spending on education and health is procyclical in developing countries and acyclical in developed … countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they are …
Persistent link: https://www.econbiz.de/10008727788