How costly are the public sector ine¢ ciencies? An integrated framework for its assessment

• Autores: Jorge Onrubia Fernández, Antonio Jesús Sánchez Fuentes
• Localización: XIX Encuentro de Economía Pública: Políticas Públicas para la salida de la crisis, 2012, ISBN 978-84-695-1574-7, pág. 58
• Idioma: inglés
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• Resumen

  • This paper provides a theoretical framework which integrate the conventional methodology for measuring the productive e¢ ciency and the monetary assessment of social welfare changes associated with public sector performance. Two equivalent measures of social welfare changes generated by an improvement (or worsening) in productive e¢ ciency are deduced using duality theory. The .rst one is obtained from the cost function, while the second one arises directly from the production function. Moreover, the paper induces the application of the theoretical framework proposed to empirical analysis.