Public expenditure productivity is critically important for fiscal adjustment and sustainability, particularly when resources for supporting public services are limited. Focusing exclusively on the ...
In macroeconomics, there are two types of expenditures that factor into the equation to determine equilibrium gross national product. The first is autonomous expenditures that fall outside our ...
The following conclusions can be derived from the consideration of the economic implications of unproductive public expenditures. All countries can increase public expenditure productivity by ...
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