IDEAS home Printed from https://ideas.repec.org/a/rnp/ecopol/ep1548.html
   My bibliography  Save this article

The effectiveness of public investment in infrastructure and the risks to the budgetary system

Author

Listed:
  • Morozkina, Alexandra

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA); Economic Expert Group)

Abstract

The problem of the effectiveness of public investment in infrastructure in Russia: causes, risks to the budget, the experience of other countries and possible ways to address this issue. First compare the cost of investment and infrastructure with the qualitative characteristics of the result, based on which concludes that low efficiency of investments in Russia in comparison with other countries. Then analyzes the reasons for this, operating at two levels: operational (high costs projects) and strategic (adoption of ineffective decisions). The third part is devoted to the influence of inefficient state investment policy on the risks to the budgetary system. In particular, the decision of the Russian government about investing the National Welfare Fund in infrastructure projects in Russia and existing experience in the implementation of major infrastructure projects. The fourth part proposes possible ways to improve the efficiency of investment and reduce the risks involved.

Suggested Citation

  • Morozkina, Alexandra, 2015. "The effectiveness of public investment in infrastructure and the risks to the budgetary system," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 47-59.
  • Handle: RePEc:rnp:ecopol:ep1548
    as

    Download full text from publisher

    File URL: ftp://w82.ranepa.ru/rnp/ecopol/ep1548.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. 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.
    2. Gómez-Lobo, Andrés, 2012. "Institutional Safeguards for Cost Benefit Analysis: Lessons from the Chilean National Investment System," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 3(01), pages 1-30, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    public investment; infrastructure projects; fiscal risks;

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H4 - Public Economics - - Publicly Provided Goods
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1548. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: http://edirc.repec.org/data/aneeeru.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.