21 Pages Posted: 3 Feb 2006
Date Written: November 2000
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: 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
By Vito Tanzi