Quality of government and living standards (English)

It is generally acknowledged that a 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 value to input costs, but well-documented inefficiencies in government activities make this approximation questionable. One solution is to purge from gross domestic product (GDP) the fraction of government inputs that is wasted. This note illustrates such a...

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Author

Grigoli,Francesco;

Ley,Eduardo;
Document Date
2012/09/01
Document Type
Brief
Report Number
72719
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2012/09/19
Disclosure Status
Disclosed
Doc Name
Quality of government and living standards
Keywords
Poverty Reduction & Economic Management

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Citation

Grigoli,Francesco; Ley,Eduardo.

Quality of government and living standards (English). Economic premise ; no. 89 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/149401468157198553

Quality of government and living standards (English)

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