Investing in Public Investment : An Index of Public Investment Efficiency

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.
Publication date: February 2011
ISBN: 9781455217892
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Economics- Macroeconomics , Economics / General , International - Economics , investment management , budget institutions , investment projects , investment spending , capital budget , internal audit , external audit , budget execution , private investment , investment decisions , budget practices , budget cycle , capital investments , public financial mana

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