Investing in Public Investment: An Index of Public Investment Efficiency
February 1, 2011
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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.
Subject: Budget planning and preparation, Capital budget, Infrastructure, Public investment and public-private partnerships (PPP), Public investment spending
Keywords: investment process, investment project, investment-growth linkage, management allocation, management process, process underpinning investment, WP
Pages:
44
Volume:
2011
DOI:
Issue:
037
Series:
Working Paper No. 2011/037
Stock No:
WPIEA2011037
ISBN:
9781455217892
ISSN:
1018-5941
