A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries /

A well-functioning public expenditure management (PEM) system is considered a critical pillar of government efficiency, on par with a low-distortion tax system and efficient tax administration. The paper discusses PEM systems in developing countries using an analytical framework based on principal-a...

Full description

Bibliographic Details
Main Author: Leruth, Luc
Other Authors: Paul, Elisabeth
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/204
Online Access:Full text available on IMF