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- DescriptionThe public sector has grown substantially in the last fifty years. In the euro area, for example, total government expenditures have been around fifty percent of GDP since the early 2000s, resulting in a growing tax burden or high public debt or both. At the same time, government had intervened in all aspects of ecomic life, from the provision of public goods and services to product and labor market regulation. Research shows that the effect of government size on ecomic performance is positive in countries where the public sector is efficient but negative in countries where it is inefficient. In this book, experts from academe and central banking discuss reforms that would make the public sector more efficient and/or more equitable. After a rich review of the public sector reform policy agenda, with particular attention to the role of the public sector and how to improve the provision of public goods and services, the contributors offer theoretically and empirically informed perspectives on some specific policy topics. These include public wage and employment policy, the role of international institutions such as the World Bank in promoting public sector reforms, the optimal mix of tax policy, the measurement of public sector efficiency, and the study of fiscal sustainability. The contributors relate these topics to such deeper issues as individual incentives as well as to policy debates over privatization, and austerity. ContributorsKonstantis Angelopoulos, Stylias Asimakopoulos, Danilo Ballanti, Roberto A. De Santis, Roberto Dispotico, George Ecomides, Pedro Gomes, Gabriella Legrenzi, James Malley, Costas Milas, Ilaria Petrarca, Apostolis Philippopoulos, Francesco Porcelli, Roberto Ricciuti, Lodewijk Smets, Peter Birch Sorensen, Petros Varthalitis, Francesco Vidoli
- Author BiographyApostolis Philippopoulos is Professor of Economics at Athens University of Economics and Business.
- PublisherMIT Press Ltd
- Date of Publication01/07/2016
- SubjectFinance & Accounting
- Series TitleCESifo Seminar Series
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content Note57 figures, 50 tables
- Weight635 g
- Width152 mm
- Height229 mm
- Spine19 mm
- Edited byApostolis Philippopoulos
- Interest AgeFrom 18
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