| Resumen: |
We compute Public Sector Performance (PSP) a
nd Public Sector Efficiency (PSE) indicators
and Data Envelopment Analysis (DEA) efficiency scores for a sample of twenty-three Latin
American and Caribbean Countries (LAC) to measure efficiency of public spending for the
period 2001-2010. Our results show that the PSE
is inversely correlated with the size of the
government, while the efficiency frontier is es
sentially defined by Chile, Guatemala, and
Peru. Moreover, on average, output quantities co
uld theoretically be proportionally increased
by 19 percent with the same level of inputs. In addition, the performed Tobit analysis
suggests that more transparency and regulatory quality improve the efficiency scores, while
more transparency and control of corruption increase output-oriented efficiency. |
