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

Working Paper No. 12/182

Nopic
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... READ MORE...

Publication date: July 2012
ISBN 9781475505306
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Publication date: July 2012

English