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

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 activit...

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Bibliographic Details
Main Author: Grigoli, Francesco
Other Authors: Ley, Eduardo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/182
Online Access:Full text available on IMF

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