Do financial markets reward government spending efficiency?

We provide a novel set of government spending efficiency scores for the OECD countries and then assess to what extent capital markets perceive government efficiency increases (decreases) as part of the determinants of sovereign rating decisions. Public efficiency scores are computed via data envelop...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Salles, João Tovar (author), Venâncio, Ana (author)
Format: article
Language:eng
Published: 2022
Subjects:
Online Access:http://hdl.handle.net/10400.5/25398
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/25398