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A New Index for Public Investment Management

Author

Listed:
  • Antonio Rojas Canela

    (Universidad Nacional Autónoma de México, México)

  • Juan Carlos Moreno-Brid

    (Universidad Nacional Autónoma de México, México)

Abstract

El objetivo de este artículo es mejorar el indicador más utilizado sobre la calidad en la gestión de la inversión pública (Public Investment Management Index, PIMI). La metodología fue utilizar un algoritmo alternativo para construir una nueva versión del PIMI y calcularlo para dieciséis países latinoamericanos. El resultado es un Nuevo PIMI que parece mejor que el anterior, ya que tiene una correlación positiva con un indicador objetivo de la eficiencia de la inversión pública, lo que no logra el PIMI original. Recomendamos el uso del Nuevo PIMI, aquí propuesto, como variable de control en los estudios sobre la inversión pública agregada y sus impactos en el crecimiento económico y bienestar social. Una limitación del Nuevo PIMI es que refleja la calidad de la gestión de la inversión pública a nivel agregado y con base en criterios de jure, pero no permite capturar las diferencias en la eficiencia de dicha gestión que pueden ocurrir a nivel más desagregado o informal. Aun así, la originalidad y replicabilidad del Nuevo PIMI constituyen un aporte significativo al conocimiento del tema.

Suggested Citation

  • Antonio Rojas Canela & Juan Carlos Moreno-Brid, 2022. "A New Index for Public Investment Management," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(1), pages 1-15, Enero - M.
    • Handle: RePEc:imx:journl:v:17:y:2022:i:1:a:1
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    File URL: https://www.remef.org.mx/index.php/remef/article/view/703
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    References listed on IDEAS

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    More about this item

    Keywords

    public investment management; national system of public investment; public investment efficiency; PIMI; New PIMI;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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