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Expenditure reform in industrialised countries: a case study approach

Hauptmeier, Sebastian; Heipertz, Martin; Schuknecht, Ludger - 2006

This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce...

Persistent link: https://www.econbiz.de/10011604680

Fiscal policy in a growth framework

Gemmell, Norman - 2001

and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low … advances in endogenous growth theory have demonstrated that fiscal policy can have long-run effects on economic growth rates … unlikely to hold in low-income countries. Recent theory particularly stresses the importance for growth of the following. The …

Persistent link: https://www.econbiz.de/10010279253

Early and Late Reformers: Long-Term Trends of Public Expenditure in 21 OECD Countries

Osterkamp, Rigmar - In: CESifo DICE Report 01 (2003) 1, pp. 46-47

Persistent link: https://www.econbiz.de/10011696424

Market forces and the continent's growth problem

2009

Persistent link: https://www.econbiz.de/10014306480

Reforming public expenditure in industrialised countries: are there trade-offs?

Schuknecht, Ludger; Tanzi, Vito - 2005

In this paper, we show that, contrary to common beliefs, over the past two decades several countries were able to reduce public spending by remarkable amounts. These countries did not seem to have suffered from these large reductions either in a macroeconomic sense, or in terms of lower values...

Persistent link: https://www.econbiz.de/10011604481

Government size, composition, volatility and economic growth

Afonso, António; Furceri, Davide - 2008

This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...

Persistent link: https://www.econbiz.de/10011604895

Public and private inputs in aggregate production and growth: a cross-country efficiency approach

Afonso, António; St. Aubyn, Miguel - 2010

private physical capital per worker. We use a semiparametric analysis, computing Malmquist productivity indexes, and we also …

Persistent link: https://www.econbiz.de/10011605200

Education, market rigidities and growth

Aghion, Philippe; Askenazy, Philippe; Bourlès, Renaud; … - 2007

This note investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP...

Persistent link: https://www.econbiz.de/10010268166

Job protection legislation and productivity growth in OECD countries

Bassanini, Andrea; Nunziata, Luca; Venn, Danielle - 2008

This paper examines the impact of employment protection legislation on productivity in the OECD, using annual cross …-country aggregate data on the degree of regulations and industry-level data on productivity from 1982 to 2003. We adopt a difference …-in-differences framework, which exploits likely differences in the productivity effect of dismissal regulations in different industries. Our …

Persistent link: https://www.econbiz.de/10010268745

Policy Implications of the New Economy

Visco, Ignazio - In: CESifo Forum 02 (2001) 3, pp. 9-13

Persistent link: https://www.econbiz.de/10011695659