Investing in Public Investment: An Index of Public Investment Efficiency

Author/Editor:

Zac Mills ; Annette J Kyobe ; Jim Brumby ; Chris Papageorgiou ; Era Dabla-Norris

Publication Date:

February 1, 2011

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project appraisal, selection, implementation, and evaluation. Covering 71 countries, including 40 low-income countries, the index allows for benchmarking across regions and country groups and for nuanced policy-relevant analysis and identification of specific areas where reform efforts could be prioritized. Potential research venues are outlined.

Series:

Working Paper No. 2011/037

Subject:

Budget planning and preparation Capital budget Infrastructure Public investment and public-private partnerships (PPP) Public investment spending

English

Publication Date:

February 1, 2011

ISBN/ISSN:

9781455217892/1018-5941

Stock No:

WPIEA2011037

Pages:

44

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