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Investing in Public Investment : An Index of Public Investment Efficiency

Author/Editor: Zac Mills | Annette Kyobe | Jim Brumby | Chris Papageorgiou | Era Dabla-Norris
Authorized for Distribution: February 1, 2011
Electronic Access: Free Full Text (PDF file size is 2,084KB)
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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.
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Series: Working Paper No. 11/37
Subject(s): Asset management | Financial management | Infrastructure | Low-income developing countries | Public investment
Author's keyword(s): Public investment | public investment management | project appraisal | selection | implementation | and evaluation | growth.
    Published:   February 1, 2011        
    ISBN/ISSN:   9781455217892/1018-5941   Format:   Paper
    Stock No:   WPIEA2011037   Pages:   44
    Price:   US$18.00
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