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Public sector performance and economic growth -the case of the Euro Area
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| 1.39 MB | Adobe PDF |
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Orientador(es)
Resumo(s)
Despite the high expectation for the Eurozone to lead to convergence, empirically it has not
materialized. There are clear “winners” and “losers” after entering the EMU. Our aim is to find
to what extent the different institutional aspects are related to this. Our approach is to build a
composite indicator to measure public sector performance, based on previous literature. We
found that the countries who grew the most are the same ones whose institutional improvement
was the greatest over the last 20 years. Using a panel data regression, we’ve also concluded that
our indicator has significant relation with economic growth.
Descrição
Palavras-chave
Economic growth Public sector performance Institutions Monetary Union Euro Area