Efficiency of Pro-Poor Public Spending: Does the Quality of the Public Financial Management (PFM) System Matter? A Cross-Section Study
Pro-poor public spending is an important tool used for promoting development and poverty reduction. Yet, it has been hard to find evidence that public spending actually translates into desired outcomes. Public financial management (PFM) systems have been pointed out as one vital factor affecting public spending efficiency, but this has yet not been confirmed in any empirical research. By using new
