Trends and Quality of Decentralized Public Investment
Around the world state and local governments have an important and growing role in the provision of public infrastructure services. Subnational governments presently account for an average of 63 percent of public fixed capital formation in OECD countries and approximately for 40 percent in developing countries. However, to date, the subnational dimension of public investment has been largely overlooked and it is not as well documented as other local responsibilities in service delivery.
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