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Ranking Mechanisms in Public Investment

Author

Listed:
  • Adriana GRIGORESCU

    (National School of Political Studies and Public Administration, Romania)

  • Andrei MOTOC

    (University Vlahia from Targoviste, Romania)

Abstract

Properly spending the budget on public investments is the main issue of public authorities. The investment projects sustained by the state are very important for the entire socio-economic life. This is the reason that put the selection process of the solution under question marks and suspicions. A stable and honest rankings mechanism that is taking into account multiple socio-economic indicators and their social importance could be a solution. The transparency of the process and the implication of the contributors/citizens should be taken into consideration. The paper presents the main characteristics of the public investments regulation and procedure in Romania and it focuses on three mechanisms of ranking the solutions for an investment project. The validation of the mechanism could be made using existing data by a panel of experts as further development of the research.

Suggested Citation

  • Adriana GRIGORESCU & Andrei MOTOC, 2011. "Ranking Mechanisms in Public Investment," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(5), pages 919-928, December.
  • Handle: RePEc:rom:rmcimn:v:12:y:2011:i:5:p:919-928
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    File URL: http://www.rmci.ase.ro/no12vol5/07.pdf
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    More about this item

    Keywords

    public investments; ranking; decision making; effectiveness; project management.;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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