Investing in Public Investment: An Index of Public Investment Efficiency
Abstract
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.Download Info
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Paper provided by International Monetary Fund in its series IMF Working Papers with number 11/37.Length: 135
Date of creation: 01 Feb 2011
Date of revision:
Handle: RePEc:imf:imfwpa:11/37
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Related research
Keywords: Public investment; Asset management; Financial management; Infrastructure; Low-income developing countries;Other versions of this item:
- Era Dabla-Norris & Jim Brumby & Annette Kyobe & Zac Mills & Chris Papageorgiou, 2012. "Investing in public investment: an index of public investment efficiency," Journal of Economic Growth, Springer, vol. 17(3), pages 235-266, September.
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
- O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-26 (All new papers)
- NEP-EFF-2011-02-26 (Efficiency & Productivity)
- NEP-PBE-2011-02-26 (Public Economics)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Rabah Arezki & Mustapha K. Nabli, 2012.
"Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa,"
CESifo Working Paper Series
3818, CESifo Group Munich.
- Rabah Arezki & Mustapha K. Nabli, 2012. "Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa," OxCarre Working Papers 086, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Mustapha K. Nabli & Rabah Arezki, 2012. "Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa," IMF Working Papers 12/111, International Monetary Fund.
- Agenor, Pierre-Richard & Canuto, Otaviano, 2013. "Gender equality and economic growth in Brazil : a long-run analysis," Policy Research Working Paper Series 6348, The World Bank.
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- Grigoli, Francesco & Mills, Zachary, 2011. "Do high and volatile levels of public investment suggest misconduct ? the role of institutional quality," Policy Research Working Paper Series 5735, The World Bank.
- Sambit Bhattacharyya & Paul Collier, 2011.
"Public Capital in Resource Rich Economies: Is there a Curse?,"
Economics Series Working Papers
WPS/2011-14, University of Oxford, Department of Economics.
- Sambit Bhattacharyya & Paul Collier, 2012. "Public Capital in Resource Rich Economies: Is there a curse?," OxCarre Working Papers 065, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Sambit Bhattacharyya & Paul Collier, 2011. "Public Capital in Resource Rich Economies: Is there a Curse?," CSAE Working Paper Series 2011-14, Centre for the Study of African Economies, University of Oxford.
- International Monetary Fund, 2011. "Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries: How do they Differ?," IMF Working Papers 11/233, International Monetary Fund.
- Patrick Carter, 2012. "Aid Allocation Rules," Bristol Economics Discussion Papers 12/630, Department of Economics, University of Bristol, UK.
- Lin, Justin Yifu & Doemeland, Doerte, 2012.
"Beyond Keynesianism : global infrastructure investments in times of crisis,"
Policy Research Working Paper Series
5940, The World Bank.
- Justin Yifu Lin & Doerte Doemeland, 2012. "Beyond Keynesianism: Global Infrastructure Investments In Times Of Crisis," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1250015-1-1.
- Pierre-Richard Agénor, 2012. "A Computable OLG Model for Gender and Growth Policy Analysis," Centre for Growth and Business Cycle Research Discussion Paper Series 169, Economics, The Univeristy of Manchester.
- Alan H. Gelb & Arnaud Dupuy & Rabah Arezki, 2012. "Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity," IMF Working Papers 12/200, International Monetary Fund.
- van der Ploeg, Frederick & Venables, Anthony J, 2011.
"Natural resource wealth: the challenge of managing a windfall,"
CEPR Discussion Papers
8694, C.E.P.R. Discussion Papers.
- Frederick van der Ploeg & Anthony J. Venables, 2012. "Natural Resource Wealth: The Challenge of Managing a Windfall," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 315-337, 07.
- Frederick van der Ploeg & Anthony J Venables, 2012. "Natural Resource Wealth: The challenge of managing a windfall," OxCarre Working Papers 075, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Brahmbhatt, Milan, 2012. "Fiscal Policy for Growth and Development," World Bank - Economic Premise, The World Bank, issue 91, pages 1-7, October.
- Antonio David & Luis-Felipe Zanna & Raphael A. Espinoza & Michal Andrle & Marshall Mills, 2012. "As You Sow So Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in Togo," IMF Working Papers 12/127, International Monetary Fund.
- Raphael Espinoza, 2012. "Government Spending, Subsidies and Economic Efficiency in the GCC," OxCarre Working Papers 095, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Firew B Woldeyes, 2013. "Long-run Effects of Resource Rents in Developing Countries: The role of public investment management," OxCarre Working Papers 105, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Agénor, Pierre-Richard & Canuto, Otaviano, 2012. "Measuring the Effect of Gender-Based Policies on Economic Growth," World Bank - Economic Premise, The World Bank, issue 85, pages 1-6, June.
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