Quality of government and living standards : adjusting for the efficiency of public spending / prepared by Franceso Grigoli and Eduardo Ley.

By:

Grigoli, Francesco [author.]

Contributor(s):

Material type: Text

TextSeries: IMF working paper ; WP/12/182.Publisher: [Place of publication not identified] : International Monetary Fund, 2012Description: 1 online resource : illustrationsContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781475514308
1475514301
9781475523492
1475523491
1475505302
9781475505306

Subject(s): Genre/Form:

Additional physical formats: Print version:: Quality of Government and Living Standards: Adjusting for the Efficiency of Public Spending.DDC classification:

338.9 23

LOC classification:

HD75

Online resources:

Click here to access online

Contents:

Cover; Abstract; Contents; I. Introduction; II. Measuring Living Standards; III. Corrected GDP; Tables; 1. GDP Losses Associated with Wasted Public Resources; Figures; 1. GDP Loss Due to Health and Education Waste vs. Per Capita GDP; 2. GDP Loss Due to Health Waste vs. Per Capita GDP; 3. Technical Efficiency Scores, per Capita GDP, and Total Loss; 4. Technical Efficiency Scores, WGI's Government Effectiveness, GDP Loss Due to Health Waste, and Per Capita GDP; IV. Concluding Remarks; References.

Summary: It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government activities (i.e., same output could be achieved with less inputs), implying that inputs are not a good approximation for outputs. If taken seriously, the next logical step is to purge from GDP the fraction of government inputs that is wasted. As differences in the quality of the public sector have a direct impa.

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It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government activities (i.e., same output could be achieved with less inputs), implying that inputs are not a good approximation for outputs. If taken seriously, the next logical step is to purge from GDP the fraction of government inputs that is wasted. As differences in the quality of the public sector have a direct impa.

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