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Performance and efficiency of governments in OECD countries

Author

Listed:
  • László Muraközy

    (Debrecen University, Department of Economics, Kassai út 26, H-4028 Debrecen, Hungary)

Abstract

In the last decades, one of the most characteristic features in the developed economies has been the growing role of government. In this study, we focus on the Great Moderation period of the OECD countries. Targeting a more subtle approach to the role of the modern state, we shall here analyse not only the size of governmental expenditures, but also the performance and efficiency achieved. Taking the findings of the professional literature into account, we divided the developed countries into five groups, four from Europe, plus the overseas OECD countries. We shall examine what is the optimal size of the public sector for these groups from the point of view of economic growth and compare these results with the real figures.

Suggested Citation

  • László Muraközy, 2012. "Performance and efficiency of governments in OECD countries," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 62(3), pages 321-344, September.
    • Handle: RePEc:aka:aoecon:v:62:y:2012:i:3:p:321-344
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    More about this item

    Keywords

    government; efficiency; OECD; Great Moderation; public sector; international comparisons; economic growth;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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