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Public Sector Economics and the Need for Reforms
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Public Sector Economics and the Need for Reforms

Apostolis Philippopoulos

Abstract

The public sector has grown substantially in the last fifty years. In the euro area total government expenditures have been around 50% of GDP since the early 2000s, resulting in a growing tax burden, high public debt or both. All while government intervened in all aspects of economic life, from the provision of public goods and services to product and labor market regulation. Research shows that the effect of government size on economic 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 ... More

Keywords: Public sector efficiency, Public goods and services, Wage and employment policy, World Bank, Tax policy, Fiscal sustainability, Individual incentives, Privatization, austerity

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780262034449
Published to MIT Press Scholarship Online: January 2017 DOI:10.7551/mitpress/9780262034449.001.0001

Authors

Affiliations are at time of print publication.

Apostolis Philippopoulos, editor

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Contents

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I Public Wage and Employment Policy

3 Incentives to Work and Performance in the Public Sector

George Economides, Apostolis Philippopoulos, and Petros Varthalitis

II The Role of International Institutions

5 External Constraints Matter for Privatization

Ilaria Petrarca and Roberto Ricciuti

III Issues in Public Policy and Public Finance

6 Optimal Progressive Taxation in a Model with Endogenous Skill Supply

Konstantinos Angelopoulos, Stylianos Asimakopoulos, and James Malley

7 Measuring Public Sector Performance: A Four Quadrants Model to Monitor Local Governments’ Efficiency

Francesco Porcelli, Francesco Vidoli, Roberto Dispotico, and Danilo Ballanti

8 Fiscal Policy Sustainability in the Euro Periphery: A Nonlinear Analysis

Roberto A. De Santis, Gabriella Legrenzi, and Costas Milas

End Matter