Quality of Government and Living Standards

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 ineffici...

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Main Authors:	Grigoli, Francesco, Ley, Eduardo
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABSENTEEISM ACCOUNTING COL CONSUMERS COUNTRY COMPARISONS DEBT DEVELOPMENT ECONOMICS ECONOMIC PERFORMANCE ECONOMIC RESEARCH EXCHANGE RATES FISCAL POLICY GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HEALTH CARE HEALTH SPENDING HUMAN CAPITAL INCOME INCOME GROUPS INEFFICIENCY INEQUALITY INFLATION INTERNATIONAL ORGANIZATIONS LIVING STANDARDS NATIONAL INCOME NET INCOME OUTPUT INDICATORS OUTPUTS POSITIVE EFFECTS POVERTY REDUCTION PRODUCTION FUNCTION PRODUCTIVITY PUBLIC PUBLIC EXPENDITURE PUBLIC HEALTH PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SPENDING QUALITY OF LIFE VALUE ADDED WASTE WEALTH WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2012/09/16750755/quality-government-living-standards http://hdl.handle.net/10986/17093

id	okr-10986-17093
recordtype	oai_dc
spelling	okr-10986-170932021-04-23T14:03:33Z Quality of Government and Living Standards Grigoli, Francesco Ley, Eduardo ABSENTEEISM ACCOUNTING COL CONSUMERS COUNTRY COMPARISONS DEBT DEVELOPMENT ECONOMICS ECONOMIC PERFORMANCE ECONOMIC RESEARCH EXCHANGE RATES FISCAL POLICY GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HEALTH CARE HEALTH SPENDING HUMAN CAPITAL INCOME INCOME GROUPS INEFFICIENCY INEQUALITY INFLATION INTERNATIONAL ORGANIZATIONS LIVING STANDARDS NATIONAL INCOME NET INCOME OUTPUT INDICATORS OUTPUTS POSITIVE EFFECTS POVERTY REDUCTION PRODUCTION FUNCTION PRODUCTIVITY PUBLIC PUBLIC EXPENDITURE PUBLIC HEALTH PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SPENDING QUALITY OF LIFE VALUE ADDED WASTE WEALTH WORKERS 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 correction, computing corrected per capita GDP on the basis of two studies that estimate efficiency scores for several dimensions of government activities. Results show that the correction could be significant and reorder the rankings of living standards. 2014-02-18T22:43:23Z 2014-02-18T22:43:23Z 2012-09 http://documents.worldbank.org/curated/en/2012/09/16750755/quality-government-living-standards http://hdl.handle.net/10986/17093 English en_US Economic premise;no. 89 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ABSENTEEISM ACCOUNTING COL CONSUMERS COUNTRY COMPARISONS DEBT DEVELOPMENT ECONOMICS ECONOMIC PERFORMANCE ECONOMIC RESEARCH EXCHANGE RATES FISCAL POLICY GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HEALTH CARE HEALTH SPENDING HUMAN CAPITAL INCOME INCOME GROUPS INEFFICIENCY INEQUALITY INFLATION INTERNATIONAL ORGANIZATIONS LIVING STANDARDS NATIONAL INCOME NET INCOME OUTPUT INDICATORS OUTPUTS POSITIVE EFFECTS POVERTY REDUCTION PRODUCTION FUNCTION PRODUCTIVITY PUBLIC PUBLIC EXPENDITURE PUBLIC HEALTH PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SPENDING QUALITY OF LIFE VALUE ADDED WASTE WEALTH WORKERS
spellingShingle	ABSENTEEISM ACCOUNTING COL CONSUMERS COUNTRY COMPARISONS DEBT DEVELOPMENT ECONOMICS ECONOMIC PERFORMANCE ECONOMIC RESEARCH EXCHANGE RATES FISCAL POLICY GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HEALTH CARE HEALTH SPENDING HUMAN CAPITAL INCOME INCOME GROUPS INEFFICIENCY INEQUALITY INFLATION INTERNATIONAL ORGANIZATIONS LIVING STANDARDS NATIONAL INCOME NET INCOME OUTPUT INDICATORS OUTPUTS POSITIVE EFFECTS POVERTY REDUCTION PRODUCTION FUNCTION PRODUCTIVITY PUBLIC PUBLIC EXPENDITURE PUBLIC HEALTH PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SPENDING QUALITY OF LIFE VALUE ADDED WASTE WEALTH WORKERS Grigoli, Francesco Ley, Eduardo Quality of Government and Living Standards
relation	Economic premise;no. 89
description	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 correction, computing corrected per capita GDP on the basis of two studies that estimate efficiency scores for several dimensions of government activities. Results show that the correction could be significant and reorder the rankings of living standards.
format	Publications & Research :: Brief
author	Grigoli, Francesco Ley, Eduardo
author_facet	Grigoli, Francesco Ley, Eduardo
author_sort	Grigoli, Francesco
title	Quality of Government and Living Standards
title_short	Quality of Government and Living Standards
title_full	Quality of Government and Living Standards
title_fullStr	Quality of Government and Living Standards
title_full_unstemmed	Quality of Government and Living Standards
title_sort	quality of government and living standards
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2012/09/16750755/quality-government-living-standards http://hdl.handle.net/10986/17093
_version_	1764435143809826816

Quality of Government and Living Standards

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