Performance and efficiency of governments in OECD countries

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

Acta Oeconomica, 2012, vol. 62, issue 3, 321-344

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.

Keywords: government; efficiency; OECD; Great Moderation; public sector; international comparisons; economic growth (search for similar items in EconPapers)
JEL-codes: E60 E62 E66 H11 H50 (search for similar items in EconPapers)
Date: 2012
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