Format:
1 Online-Ressource (circa 34 Seiten)
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Illustrationen
ISBN:
9781498304214
Series Statement:
IMF working paper WP/19, 110
Content:
In this study, we assess the size of the government wage bill and employment in the member countries of the Eastern Caribbean Currency Union and their implications for fiscal sustainability and the adequacy of public service delivery. Over the period 2005 to 2015 their wage bill (as a percentage of GDP, government revenues and expenditures) is higher than in other small states notwithstanding recent efforts by governments to make it more manageable. The composition and distribution of employment is sub-optimal and is reflected in skills mismatches contributing to inefficiencies in public service delivery. Using a dynamic fixed-effects panel, we find that wage bill growth reflects the expansion of government activities to speed up economic and social development and that wage bill spending is procyclical in good times but is rigid during downturns. Finally, we identify the main institutional and legal reforms needed to improve wage bill management and public service efficiency
Additional Edition:
Erscheint auch als Druck-Ausgabe Mitchell, A. E. Wayne Government Wage Bill Management and Civil Service Reform in the Eastern Caribbean Currency Union Washington, D.C. : International Monetary Fund, 2019 ISBN 9781498304214
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781498304214.001
URL:
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