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Quality of Government and Living Standards

Quality of Government and Living Standards »

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

Volume/Issue: 2012/182

Series: IMF Working Papers

Author(s): Francesco Grigoli , and Eduardo Ley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

ISBN: 9781475505306

Keywords: System of National Accounts, Efficiency, Living Standards, national accounts, public spending, input-output, health care, Publicly Provided Goods: General, Public Economics: Miscellaneous Issues: General, Social Security and Public Pensions

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. H...