Trends and Quality of Decentralized Public Investment

Lorena Viñuela
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Lorena Viñuela: World Bank

International Center for Public Policy Working Paper Series, at AYSPS, GSU from International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University

Abstract: 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.

Pages: 35 pages
Date: 2014-01-14
New Economics Papers: this item is included in nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:ays:ispwps:paper1407

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