Investing in Public Investment: An Index of Public Investment Efficiency
45 Pages Posted: 23 Feb 2011
Date Written: February 2011
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: Asset management, Financial management, Infrastructure, Low-income developing countries, Public investment
Suggested Citation: Suggested Citation