| Description |
1 online resource : illustrations |
| Series |
IMF working paper ; WP/12/182 |
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IMF working paper ; WP/12/182.
|
| 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 |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
|
Vendor-supplied metadata |
| Subject |
Economic development.
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Cost and standard of living.
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Gross domestic product -- Econometric models
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National income.
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Government productivity.
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economic development.
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BUSINESS & ECONOMICS -- Industries -- General.
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Cost and standard of living
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Economic development
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Government productivity
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Gross domestic product -- Econometric models
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National income
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| Form |
Electronic book
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| Author |
Ley, Eduardo, author.
|
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International Monetary Fund. Fiscal Affairs Department.
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| ISBN |
9781475514308 |
|
1475514301 |
|
9781475523492 |
|
1475523491 |
|
1475505302 |
|
9781475505306 |
|
1475575971 |
|
9781475575972 |
|
