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The paper then outlines literature, data description, methodology, estimation, results, and policy recommendations.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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fiscal trends in the ECCU motivate the paper’s analysis?","Question",{"text":63,"@type":64},"The ECCU’s fiscal situation worsened after the strong performance of the 1990s, with the overall fiscal deficit doubling in the 2000s and public spending growth outpacing minimal revenue growth during 2009–2012.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How has the composition of public expenditure changed over time?",{"text":68,"@type":64},"Total public expenditure rose from just over 24.0% of GDP in 1990 to about 33.0% in 2008, while the share of capital expenditure to GDP steadily fell, and current expenditure’s share moved upward after the financial crisis.",{"name":70,"@type":61,"acceptedAnswer":71},"What is covered in the paper’s structure before presenting conclusions?",{"text":72,"@type":64},"The paper includes a literature review, data description (including stylized facts and summary statistics), a methodology section focused on optimum size and performance measures, followed by estimation and results and then conclusions with policy recommendations.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},295967,1790444045,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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2013-Interns\u003Cbr>NOTE:\u003Cbr>This Working Paper should not be reported as representing the views of the Eastern Caribbean Central Bank (ECCB). The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the ECCB or ECCB policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.\u003Cbr>|\n| --- | --- | --- |\n|  |  |  |\n|  |  |  |\n| \u003Cbr>|  |  |\n\nE A S T E R N C A R I B B E A N C E N T R A L B A N K  \nADDRESS  \nHeadquarters: P O Box 89  \nBasseterre  \nSt Kitts and Nevis  \nWest Indies  \nCable: CENTRAL BANK, ST KITTS  \nTelephone: (869) 465-2537  \nFacsimile: (869) 465-5615  \nEmail:  [rd-sec@eccb-centralbank.org](rd-sec@eccb-centralbank.org)  \nWebsite:  [www.eccb-centralbank.org](www.eccb-centralbank.org)  \nThe ECCB welcomes your questions and comments on this publication.  \nAny reproduction, publication and reprint in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit written authorisation of the ECCB or the authors.  \nTHE SIZE AND PERFORMANCE OF THE PUBLIC SECTOR  \nIN THE ECCU  \nBy  \nMr Junius Olivier  \nTHE ENVIRONMENT WITHIN THE CONTEXT OF SUSTAINABLE  \nDEVELOPMENT IN THE ECCU  \nBy  \nMs Stephanie Gustave  \nADDRESSING THE ISSUE OF GOVERNANCE IN THE ECCU  \nby  \nMr Kurt Gustave  \nA LOOK AT THE NEXUS BETWEEN EDUCATION AND SKILLS TRAINING, RESEARCH AND DEVELOPMENT AND ECONOMIC GROWTH IN THE ECCU  \nBy  \nMs Rhina Meade  \nTHE SIZE AND PERFORMANCE OF THE PUBLIC SECTOR  \nIN THE ECCU  \nBY  \nMR JUNIUS OLIVIER  \nDisclaimer:  \nThe Eastern Caribbean Central Bank (ECCB) strongly supports academic freedom and a researcher's right to publish and encourages such activity among its employees. However, the ECCB as an institution does not endorse the viewpoint of an employee's publication or guarantee its technical correctness. The views and opinions expressed in this paper are solely those of the author(s) and do not necessarily state or reflect those of the Eastern Caribbean Central Bank. No part of this publication shall be used for advertising or product endorsement purposes.  \nTABLE OF CONTENTS  \n1.0 Introduction........................................................................................... 1  \n2.0 Literature Review .................................................................................... 3  \n3.0 Data Description ..................................................................................... 5  \n3.1 Stylized Facts and Summary Statistics ....................................................... 5  \n4.0 Methodology .......................................................................................... 9  \n4.1 Optimum Public Sector Size ................................................................. 10  \n4.2 Public Sector Performance ................................................................... 11  \n4.3 Public Sector Expenditure Efficiency ...................................................... 13  \n5.0 Estimation and Results ............................................................................. 15  \n5.1 Public Sector Performance Results ......................................................... 18  \n5.2 Public Sector Expenditure Efficiency ......................................................20  \n5.3 Public Sector Efficiency Analysis...........................................................24  \n6.0 Conclusions and Policy Recommendations .....................................................26  \nAppendices...................................................................................................29  \nFigure A: The BARS Curve ...........................................................................29  \nTable A (1) Descriptive Statistics .....................................................................29  \nTable B (2): Descriptiv","cbCaiopUpnJ2jJ04","https://ap.wps.com/l/cbCaiopUpnJ2jJ04","pdf",1916293,120,"English","# Introduction\n# Literature Review\n# Data Description\n## Stylized Facts and Summary Statistics\n# Methodology\n## Optimum Public Sector Size\n## Public Sector Performance\n## Public Sector Expenditure Efficiency\n# Estimation and Results\n## Public Sector Performance Results\n## Public Sector Expenditure Efficiency\n## Public Sector Efficiency Analysis\n# Conclusions and Policy Recommendations\n# Appendices\n## The BARS Curve\n## Descriptive Statistics\n## Variables and Series\n## Opportunity Sub-indicators\n## Musgravian Sub-indicators\n## Expenditure Categories (% of GDP)\n## Input Efficiency and Public Sector Size\n## Pearson Correlation Coefficient\n# References","[{\"question\":\"What fiscal trends in the ECCU motivate the paper’s analysis?\",\"answer\":\"The ECCU’s fiscal situation worsened after the strong performance of the 1990s, with the overall fiscal deficit doubling in the 2000s and public spending growth outpacing minimal revenue growth during 2009–2012.\"},{\"question\":\"How has the composition of public expenditure changed over time?\",\"answer\":\"Total public expenditure rose from just over 24.0% of GDP in 1990 to about 33.0% in 2008, while the share of capital expenditure to GDP steadily fell, and current expenditure’s share moved upward after the financial crisis.\"},{\"question\":\"What is covered in the paper’s structure before presenting conclusions?\",\"answer\":\"The paper includes a literature review, data description (including stylized facts and summary statistics), a methodology section focused on optimum size and performance measures, followed by estimation and results and then conclusions with policy recommendations.\"}]","THE SIZE AND PERFORMANCE OF THE PUBLIC SECTOR IN THE ECCU - By Mr Junius Olivier | PDF",1789726386,302]