Investing in Public Investment: An Index of Public Investment Efficiency

By Zac Mills, Annette J Kyobe, Jim Brumby, Chris Papageorgiou, Era Dabla-Norris

February 1, 2011

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Format: Chicago

Zac Mills, Annette J Kyobe, Jim Brumby, Chris Papageorgiou, and Era Dabla-Norris. Investing in Public Investment: An Index of Public Investment Efficiency, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Budget planning and preparation, Capital budget, Infrastructure, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Investment process, Investment project, Investment-growth linkage, Management allocation, Management process, Process underpinning investment, WP

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2011/037
Stock No:

WPIEA2011037
ISBN:

9781455217892
ISSN:

1018-5941

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