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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Detalhes bibliográficos
Autor principal: Afonso, António (author)
Outros Autores: Salles, João Tovar (author), Venâncio, Ana (author)
Formato: article
Idioma:eng
Publicado em: 2022
Assuntos:
Texto completo:http://hdl.handle.net/10400.5/25398
País:Portugal
Oai:oai:www.repository.utl.pt:10400.5/25398