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100   $a20111102d2012      uy             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aQuality of government and living standards$b[electronic resource] $eadjusting for the efficiency of public spending  /$fprepared by Francesco Grigoli and Eduardo Ley
210   $aWashington, DC $cInternational Monetary Fund$d2012
215   $a1 online resource (22 p.)
225 0 $aIMF working paper ;$v12/182
300   $aDescription based upon print version of record.
311   $a1-4755-1430-1 
311   $a1-4755-0530-2 
320   $aIncludes bibliographical references.
327   $aCover; 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
330   $aIt is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government activities (i.e., same output could be achieved with less inputs), implying that inputs are not a good approximation for outputs. If taken seriously, the next logical step is to purge from GDP the fraction of government inputs that is wasted. As differences in the quality of the public sector have a direct impa
410  0$aIMF Working Papers
606   $aCost and standard of living
606   $aEconomic development
608   $aElectronic books.
615  0$aCost and standard of living.
615  0$aEconomic development.
700   $aGrigoli$b Francesco$0890773
701   $aLey$b Eduardo$0485587
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910461967203321
996   $aQuality of government and living standards$92216693
997   $aUNINA