ONS Chief Economist, Nick Vaughan, will discuss "Measuring Public Sector Output" with the Public Policy Division as part of the Brown Bag lunch series.
Public sector outputs are far more complex and diverse than those of private sector companies. Government activities range from the redistribution of income through taxes, benefits and subsidies, to regulating air quality and banking risk, or financing public health campaigns .......and even executing referendum results.
There are no easy answers for economists facing the complex challenge of finding some way to measure the value or contribution of these outputs.But our role in providing statsitics that policy makers can use to inform decisions is central.
Nick and Phil Wales will speak for an hour on the complexities of measuring public sector output and eventually productivity, and the contribution that ONS can play.
This will be followed by an oppotunity to stay on for a 1/2 hour discussion or Q&A session with members of PPAD to discuss such intriguing topics as:
- What are the "outputs" from policies which prevent adverse or undesirable outcomes? How do we measure the output of "avoiding crime" ?
- How do we measure the output of policies designed to make future generations better off? (eg climate resilient policies)
- Should we deduct final losses and cancelled contracts from the value of public sector "outputs"?
- And will it ever be possible to measure the outputs from expenditures on a nuclear deterrent?