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Impact of Public Sector Efficiency on Economic Growth
 Bartoň, Daniel ; Vokoun, Marek (advisor) ; Čermáková, Klára (referee)
Public sector efficiency is considered an important component of economic growth. The study describes and quantifies the impact of public sector efficiency on economic growth, capital investment and human capital accumulation in the sample of selected European countries in the years 1995--2012. According to our results, the amount of output is affected by the quality of the administrative system and enforceability of property rights. The negative impact of inefficiency on long-term growth was however not clearly proved. Tax burden, regulation and functionality of property rights seem to be the main investment determinants.
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