Public Spending Efficiency: The Missing Factor through Financial Crisis

George M. Korres and Aikaterini Kokkinou ()
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George M. Korres: Department of Geography, University of the Aegean, Mytilene, Greece

International Journal of Social Ecology and Sustainable Development (IJSESD), 2014, vol. 5, issue 4, 1-10

Abstract: Public expenditure is efficient if its planning and policy objectives are achieved and inefficient if they are not. Efficiency is measured by an index of observed and desired performance and involves a comparison of actual performance with optimal performance located on the relevant frontier. Research is concerned with the identification of various ways that might depart from efficiency, the specification of an appropriate method of measuring inefficiency, and an exploration of the implications of each type of inefficiency, comprising a) academic interest, b) managerial decision making, and c) public policy relevance. This paper attempts to focus on defining efficient public expenditure performance, investigating the attainment of efficiency, and examining efficiency in public expenditure as a way to recover from the current financial crisis.

Date: 2014
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