Coverart for item
The Resource Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending, Francesco Grigoli

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

Label
Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending
Title
Quality of Government and Living Standards
Title remainder
Adjusting for the Efficiency of Public Spending
Statement of responsibility
Francesco Grigoli
Creator
Contributor
Author
Subject
Genre
Language
eng
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 (id est, 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
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Grigoli, Francesco
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
G754 2012 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Ley, Eduardo
Series statement
IMF Working Paper
Series volume
WP/12/182
http://library.link/vocab/subjectName
  • Efficiency
  • General Aggregative Models
  • Health Care
  • Input-Output
  • Living Standards
  • National Accounts
  • Bulgaria
  • Cyprus
  • Greece
  • India
  • Korea, Republic of
Label
Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending, Francesco Grigoli
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2012182
Dimensions
unknown
Extent
1 online resource (21 pages)
Form of item
online
Isbn
9781475505306
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475505306.001
Specific material designation
remote
System control number
(IMF)WPIEA2012182
Label
Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending, Francesco Grigoli
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2012182
Dimensions
unknown
Extent
1 online resource (21 pages)
Form of item
online
Isbn
9781475505306
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475505306.001
Specific material designation
remote
System control number
(IMF)WPIEA2012182

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      32.771471 -117.187496
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