Hungary: Selected Issues

International Monetary Fund

No 2015/093, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The paper finds potentially large room for efficiency gains over the medium term, particularly in the health sector. A frontier analysis using data envelopment methodology, suggests that savings from efficiency gains in the health and education sectors could amount up to about 3 percentage points of GDP over the medium term, of which 90 percent could be achieved from efficiency gains in the health sector.

Keywords: ISCR; CR; rate; firm; monetary policy; monetary policy surprise; OECD health statistics Database; export ratio; OECD country; OECD education Database; Central bank policy rate; Women; Health care spending; Global; Europe; Eastern Europe; health outcome; market expectation; estimation result; data envelopment analysis (search for similar items in EconPapers)
Pages: 67
Date: 2015-04-03
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