Investing in Public Investment: An Index of Public Investment Efficiency

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

No 2011/037, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; investment process; management process; investment project; investment-growth linkage; management allocation; process underpinning investment (search for similar items in EconPapers)
Pages: 44
Date: 2011-02-01
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Citations: View citations in EconPapers (69)

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Journal Article: Investing in public investment: an index of public investment efficiency (2012)
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