Showing 1 - 10 of 423
efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …
Persistent link: https://www.econbiz.de/10011123882
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …
Persistent link: https://www.econbiz.de/10011242349
We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....
Persistent link: https://www.econbiz.de/10010800974
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the …
Persistent link: https://www.econbiz.de/10010233893
We compile the first large cross-country panel dataset of public sector performance and efficiency, encompassing 114 … lower efficiency in the respective sector. Moreover, we find that richer countries exhibit better public …
Persistent link: https://www.econbiz.de/10012677650
The emergence of financial technologies—fintech—has become an engine of change, promising to expand access to financial services and give a boost to financial inclusion. The ownership of accounts in formal financial institutions increased from 51 percent of the world’s adult population in...
Persistent link: https://www.econbiz.de/10015080291
How could the GovTech improve budget processes and execution efficiency? Could the GovTech strengthen redistributive … by a dedicated GovTech institution emerges as a critical factor for reaping both efficiency and equity gains from GovTech …
Persistent link: https://www.econbiz.de/10015058980
calculate a score for operational expense efficiency based on a stochastic frontier analysis. In addition, we offer potential … explanations for the observed variations in efficiency levels across central banks. Our analysis reveals significant heterogeneity … across countries and income groups. Central banks with a single objective demonstrate higher efficiency compared with those …
Persistent link: https://www.econbiz.de/10015059073
With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … costs and other pressures. Estimating investment efficiency, however, presents many methodological pitfalls. Using various … methods--stochastic frontier analysis, data envelopment analysis (DEA), and bootstrapped DEA-this paper estimates efficiency …
Persistent link: https://www.econbiz.de/10015059445
the tax base. Considering only efficiency, land value should thus be fully taxed. Using optimal taxation theory with …
Persistent link: https://www.econbiz.de/10015059884