Source: Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending
Series: IMF Working Papers
Author(s): Francesco Grigoli , and Eduardo Ley
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2012
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...