Investing in Public Investment - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Investing in Public Investment write by Mr.Chris Papageorgiou. This book was released on 2011-02-01. Investing in Public Investment available in PDF, EPUB and Kindle. 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.
Some Misconceptions about Public Investment Efficiency and Growth
Some Misconceptions about Public Investment Efficiency and Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Some Misconceptions about Public Investment Efficiency and Growth write by Mr.Andrew Berg. This book was released on 2015-12-23. Some Misconceptions about Public Investment Efficiency and Growth available in PDF, EPUB and Kindle. We reconsider the macroeconomic implications of public investment efficiency, defined as the ratio between the actual increment to public capital and the amount spent. We show that, in a simple and standard model, increases in public investment spending in inefficient countries do not have a lower impact on growth than in efficient countries, a result confirmed in a simple cross-country regression. This apparently counter-intuitive result, which contrasts with Pritchett (2000) and recent policy analyses, follows directly from the standard assumption that the marginal product of public capital declines with the capital/output ratio. The implication is that efficiency and scarcity of public capital are likely to be inversely related across countries. It follows that both efficiency and the rate of return need to be considered together in assessing the impact of increases in investment, and blanket recommendations against increased public investment spending in inefficient countries need to be reconsidered. Changes in efficiency, in contrast, have direct and potentially powerful impacts on growth: “investing in investing” through structural reforms that increase efficiency, for example, can have very high rates of return.
The Power of Public Investment Management
The Power of Public Investment Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Power of Public Investment Management write by Kai Kaiser. This book was released on 2014-10-17. The Power of Public Investment Management available in PDF, EPUB and Kindle. Public resources--if invested well in public infrastructure and services--can catalyze private and community e orts and unleash an inclusive growth and development process. But too often public projects are selectedto support political patronage, poorly designed, underfunded, long delayed, very costly, or badly implemented, with little bene t to the population. This is a critical challenge for many countries, both rich and poor. This book identi es eight key institutional features that countries need to adopt to ensure that public investments support growth and development. The Power of Public Investment Management provides a clear, nontechnical discussion on approaches to improving project appraisal, disciplining political intervention in project selection, dealing with uncertainty (an issue that is likely to grow in importance with the e ects of climate change), integrating procurement skills into project design and implementation, and managing the decision on public-private partnerships. Byproviding a simple but comprehensive framework and global experience, the book provides policy makers the guidance to adopt good functional principles in the design of institutions to strengthen public investment management.
Beyond The Rule Of Thumb
Beyond The Rule Of Thumb - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Beyond The Rule Of Thumb write by Tito Boeri. This book was released on 2019-04-23. Beyond The Rule Of Thumb available in PDF, EPUB and Kindle. This book discusses the rationale for correcting market prices in the evaluation of public investments. It also aims at covering techniques of project appraisals, such as the effects method, cost efficiency techniques, multicriteria analysis, and related logical frameworks.
Public Investment and Fiscal Policy - Lessons From the Pilot Country Studies
Public Investment and Fiscal Policy - Lessons From the Pilot Country Studies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Public Investment and Fiscal Policy - Lessons From the Pilot Country Studies write by International Monetary Fund. Fiscal Affairs Dept.. This book was released on 2005-01-04. Public Investment and Fiscal Policy - Lessons From the Pilot Country Studies available in PDF, EPUB and Kindle. This paper reports on findings from eight pilot country studies on public investment that were carried out during the second half of 2004. The pilot country studies covered a diverse group of countries. Specifically, they included countries in Latin America (Brazil, Chile, Colombia, and Peru), Africa (Ethiopia and Ghana), the Middle East (Jordan), and Asia (India).
