Acta Oeconomica
Volume/Issue:
Volume 62: Issue 3
Performance and efficiency of governments in OECD countries Experiences of the great moderation period
Author: László Muraközy 1
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  • 1 Debrecen University Department of Economics Kassai út 26 H-4028 Debrecen Hungary
DOI:
https://doi.org/10.1556/aoecon.62.2012.3.2
Page Count:
321–344
Publication Date:
01 Sep 2012
Online Publication Date:
18 Aug 2012
Article Category:
Research Article
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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.

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Cover Acta Oeconomica
Acta Oeconomica Periodical of the Hungarian Academy of Sciences
Print ISSN:
0001-6373
Online ISSN:
1588-2659
Keywords:
government; efficiency; OECD; Great Moderation; public sector; international comparisons; economic growth; E60; E62; E66; H11; H50

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