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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.
This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project ap
We reconsider the macroeconomic implications of public investment efficiency, defined as the ratio between the actual increment to public capital and the amount
Public resources--if invested well in public infrastructure and services--can catalyze private and community e orts and unleash an inclusive growth and developm
This book discusses the rationale for correcting market prices in the evaluation of public investments. It also aims at covering techniques of project appraisal
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income count