Investing in public investment: an index of public investment efficiency

Era Dabla-Norris (), Jim Brumby (), Annette Kyobe (), Zac Mills () and Chris Papageorgiou ()

Journal of Economic Growth, 2012, vol. 17, issue 3, 235-266

Abstract: Pritchett (J Econ Growth 5:361–384, 2000 ) convincingly argued that the difference between investment cost and capital value is of first-order empirical importance especially for developing countries where public investment is the primary source of investment. This paper constructs a public investment efficiency 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. Research applications are outlined. Copyright Springer Science+Business Media, LLC 2012

Keywords: Public investment; Public investment management; Project appraisal; Selection; Implementation; Evaluation; Growth; O19; O23; O47 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (129)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10887-012-9078-5 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Investing in Public Investment: An Index of Public Investment Efficiency (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jecgro:v:17:y:2012:i:3:p:235-266

Ordering information: This journal article can be ordered from
http://www.springer. ... th/journal/10887/PS2

DOI: 10.1007/s10887-012-9078-5

Access Statistics for this article

Journal of Economic Growth is currently edited by Oded Galor

More articles in Journal of Economic Growth from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().