Public Investment Efficiency in Sub-Saharan African Countries - 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 Efficiency in Sub-Saharan African Countries write by Karim Barhoumi. This book was released on 2018-07-06. Public Investment Efficiency in Sub-Saharan African Countries available in PDF, EPUB and Kindle. There is significant room to improve public investment efficiency in sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-à-vis peers such as emerging and developing Asia as well as Latin America and the Caribbean, and the region’s infrastructure is perceived as being of relatively low quality. Improving the efficiency of sizable investment programs in the region could contribute to more solid economic growth and help achieve desired social priorities and development goals. Results point to some variability in public investment efficiency within the region. Comparing efficiency scores across country groups suggests that investment efficiency in sub-Saharan African oil exporters tends to be lower than in sub-Saharan African non-resource-intensive countries. Additionally, countries in East African Community (EAC) perform better than those in Central African Economic and Monetary Community (CEMAC) and West African Economic and Monetary Union (WAEMU). Stronger institutions could foster more efficient public investment. The regression results in this paper show a positive correlation between public investment efficiency and the quality of institutions, suggesting that devel-oping stronger institutions in sub-Saharan Africa could lead to a significant improvement in investment efficiency. This is particularly relevant for coun-tries with weak institutional quality, where governments may use capital spending as a vehicle for rent-seeking, leading to inefficient spending. Given the current drive for scaling up investment in sub-Saharan Africa, the task of improving institutions quickly should become a priority.
Public Policies and Private Savings and Investment in Sub-Saharan Africa
Public Policies and Private Savings and Investment in Sub-Saharan Africa - 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 Policies and Private Savings and Investment in Sub-Saharan Africa write by Mr.Dhaneshwar Ghura. This book was released on 1995-02-01. Public Policies and Private Savings and Investment in Sub-Saharan Africa available in PDF, EPUB and Kindle. This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.
Optimal Public Investment, Growth, and Consumption
Optimal Public Investment, Growth, and Consumption - 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 Optimal Public Investment, Growth, and Consumption write by Augustin Kwasi Fosu. This book was released on 2011. Optimal Public Investment, Growth, and Consumption available in PDF, EPUB and Kindle.
Medium-Term Budget Frameworks in Sub-Saharan African Countries
Medium-Term Budget Frameworks in Sub-Saharan African Countries - 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 Medium-Term Budget Frameworks in Sub-Saharan African Countries write by Mr.Richard I Allen. This book was released on 2017-09-11. Medium-Term Budget Frameworks in Sub-Saharan African Countries available in PDF, EPUB and Kindle. More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries–– Kenya, Namibia, South Africa, Tanzania, Uganda, and Zambia. It assesses the effectiveness of MTBFs in achieving improved fiscal discipline, resource allocation, and certainty of funding, as well as wider economic and social criteria such as poverty reduction and more efficient public investment. In most countries, early successes were not sustained, and budgetary outcomes did not improve, partly for technical reasons, such as poor data and inadequate forecasting methodologies, but also because the reforms were largely supply driven. The paper argues that the development of MTBFs typically falls into four distinct phases. To make the transition from one phase to the next, developing countries should focus on building their capability in macrofiscal forecasting and analysis, and in improving the credibility of the annual budget process.
Investing in Public Investment
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.
