Publisher's Synopsis
The decade from 1987 to 1997 witnessed several new forms of delivery of public-sector goods and service including contracting out and joint public/private-sector initiatives. This issue of "Oxford Review of Economic Policy" provides an economic appraisal of these developments. It asks such questions as: Are there ways in which the public sector can be made to operate more efficiently through alternative incentive and contractual arrangements?; Can the public sector raise capital cheaper than the private sector and, if so, how does this affect the appropriate balance between private- and public-sector investment?; And what are the macroeconomic implications of public-sector expenditure for macroeconomic policy and performance?
