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Quality of Government and Living Standards : : Adjusting for the Efficiency of Public Spending / / Francesco Grigoli, Eduardo Ley



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Autore: Grigoli Francesco Visualizza persona
Titolo: Quality of Government and Living Standards : : Adjusting for the Efficiency of Public Spending / / Francesco Grigoli, Eduardo Ley Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica: 1 online resource (22 p.)
Soggetto topico: Cost and standard of living
Economic development
Macroeconomics
Public Finance
Measurement and Data on National Income and Product Accounts and Wealth
Environmental Accounts
Publicly Provided Goods: General
Public Administration
Public Sector Accounting and Audits
Social Security and Public Pensions
Health: General
Public Enterprises
Public-Private Enterprises
Education: General
General Aggregative Models: General
National Government Expenditures and Health
Health economics
Civil service & public sector
Education
Public finance & taxation
Health
Public sector
National accounts
Health care spending
Economic sectors
Expenditure
Finance, Public
National income
Expenditures, Public
Soggetto geografico: Cyprus
Altri autori: LeyEduardo  
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: 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
Sommario/riassunto: 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 impact on citizens’ effective consumption of public and private goods and services, we must take them into account when computing a measure of living standards. We illustrate such a correction computing corrected per capita GDPs on the basis of two studies that estimate efficiency scores for several dimensions of government activities. We show that the correction could be significant, and rankings of living standards could be re-ordered as a result.
Titolo autorizzato: Quality of Government and Living Standards  Visualizza cluster
ISBN: 1-4755-7597-1
1-4755-2349-1
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910786480403321
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Serie: IMF Working Papers; Working Paper ; ; No. 2012/182