Theoretical Analysis on Government Failure

Government Failure (Public Failure) is defects to be inevitably made in an effeort to compensate for market defects by government. Some reasons of government failure are caused by limitations of governmental functions,others by improperly governmental intervening in economy,so there to be divergence of government failure. The nucleus for government to remedy government defects is to inprove the efficiency of government agencies and to contain seperation economy effectively.