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The Cost of Government and the Misuse of Public Assets

21 Pages Posted: 3 Feb 2006  

Vito Tanzi

International Monetary Fund (IMF); National Bureau of Economic Research (NBER)

Tej Prakash

International Monetary Fund (IMF)

Multiple version iconThere are 2 versions of this paper

Date Written: November 2000

Abstract

This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public spending, as is generally done, may give wrong results when, as is often the case, public institutions use public assets (land, buildings, etc.) without imputing a cost for that use. The paper argues that, because of lack of incentives, governments are often wasteful in their use of publicly held assets. It recommends the creation of cadastres of publicly owned assets that could be used for several purposes including increasing public sector efficiency.

Keywords: public assets capital charges efficiency in government budget cadastres of public assets

JEL Classification: H5 H61 H82 H29

Suggested Citation

Tanzi, Vito and Prakash, Tej, The Cost of Government and the Misuse of Public Assets (November 2000). IMF Working Paper, Vol. , pp. 1-21, 2000. Available at SSRN: https://ssrn.com/abstract=880249

Vito Tanzi (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Tax Policy Division Fiscal Affairs Department
Washington, DC 20431
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Tej Prakash

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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