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Governance Letter Grading Government Efficiency 7 May, 2013 - Singapore
At a special presentation in Singapore on 7 May, 2013, Florencio López de Silanes, Professor of Finance, EDHEC Business School, and Member, EDHEC-Risk Institute, will be presenting his recent experimental work on the efficiency of government across countries.

The research aims to contribute new evidence on why most developing countries have poorly performing governments and why the quality of government improves as countries grow richer. In the standard explanation, governments in poor countries are run less well because they are less accountable and improvements in efficiency are driven by improvements in democracy and transparency triggered by progress in wealth and education. This voice-based explanation, however, is hard to reconcile with the observation that the quality of government improves with development in dictatorships as well. An alternative view holds that productivity of public services is low for similar reasons as that of firms: inferior inputs or poor management.

Survey-based evidence make it difficult to disentangle the determinants of the quality of government, since they capture the respondents’ combined assessment of government policies, corruption, and productivity. In addition, survey responses often reflect a mixture of personal experiences and policy views.

The experiment conducted by Professor López de Silanes and his co-authors Alberto Chong of Ottawa University, Rafael La Porta of Dartmouth College and Andrei Shleifer of Harvard University approaches these issues by objectively measuring the efficiency of the mail system in 159 countries and brings new light to the debate on the quality of government.

  • 5:45pm

  • 6:00pm
    Presentation: Letter Grading Government Efficiency
    Florencio López de Silanes, Professor of Finance, EDHEC Business School
    and Member, EDHEC-Risk Institute

    • Developing measures for the performance of the mail system
    • Relating performance to quality of inputs and quality of management
    • Public policy implications

  • 7:30pm
    Question & Answer Session

  • 8.00pm
About the Speaker

Professor López de Silanes’ research interests lie in the fields of international corporate finance and financial markets, and legal reform and privatisation. Prior to joining EDHEC Business School, he was an advisor on these topics to several governments, international institutions and corporations.

Among other distinctions, he received Harvard University’s Wells Prize for the Best Dissertation in Economics (1995), the Brattle Prize for Distinguished Paper in the Journal of Finance (1999), and the Jensen Prize for Best Papers in the Areas of Corporate Finance and Organisations in the Journal of Financial Economics (2000).
Event Details
  When   Between 07/05/2013 05:30 PM and 07/05/2013 09:00 PM
Where   EDHEC Risk Institute—Asia, One George Street, Seventh Floor, Singapore
Contact Details
  Name   Syh Jiuan Ng
E-mail   syhjiuan.ng@edhec-risk.com
Phone   +65 6438 0030