Public Value Account: Establishment and Application

ABSTRACT

Questions of how to define public values (PVs), measure specific values and form a paradigm with broad applicability have perplexed elites for decades. This paper introduces a five-dimension integrated PV theory and evolves the paradigm of Public Value Account (PVA) proposed by Moore. Through the annual PVs “loss-creation” statistical table, PVA exhibits the process, in which area, in what ways, of PVs creating or losing in a “T- shaped” and open-ended account. A G20 case study using cross-sectional date for 2006 and 2016 is presented to prove the availability of PVA in trans-regional and inter-temporal comparison.

KEYWORDS:

• Public values
• public value account
• measurement
• G20

Additional information

Funding

This work was supported by the National Natural Science Foundation of China [71573096,71673092]; The Fundamental Research Funds for the Central Universities of China [2017WKYXZD002].