The Experts below are selected from a list of 24846 Experts worldwide ranked by ideXlab platform
Tomoharu Ohkawara - One of the best experts on this subject based on the ideXlab platform.
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The regional allocation of Public Investment: Efficiency or equity?
Journal of Regional Science, 2000Co-Authors: Naoki Yamano, Tomoharu OhkawaraAbstract:In this paper we examine the effect of Public Investment on the regional economies of Japan. The efficient policy for regional allocation of Public capital is to invest in highly productive regions, whereas the actual policy pursues equity goals by allocating more Public Investment to depressed regions. We determine the effects of this equity-oriented allocation by estimating the aggregate regional production function and calculating the productivity of Public capital stock for each region, using a cross-sectional time-series data set. Our results show that the marginal productivity of Public capital has recently declined in most depressed regions, whereas the productivity in developed regions (e.g., Tokyo, Osaka) has increased slightly. We compare alternative policies of allocating Public Investment and their effects on the regional and national economies using numerical simulations. We then quantitatively describe the trade-off between the efficient and the equitable allocation of Public Investment.
Naoki Yamano - One of the best experts on this subject based on the ideXlab platform.
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The regional allocation of Public Investment: Efficiency or equity?
Journal of Regional Science, 2000Co-Authors: Naoki Yamano, Tomoharu OhkawaraAbstract:In this paper we examine the effect of Public Investment on the regional economies of Japan. The efficient policy for regional allocation of Public capital is to invest in highly productive regions, whereas the actual policy pursues equity goals by allocating more Public Investment to depressed regions. We determine the effects of this equity-oriented allocation by estimating the aggregate regional production function and calculating the productivity of Public capital stock for each region, using a cross-sectional time-series data set. Our results show that the marginal productivity of Public capital has recently declined in most depressed regions, whereas the productivity in developed regions (e.g., Tokyo, Osaka) has increased slightly. We compare alternative policies of allocating Public Investment and their effects on the regional and national economies using numerical simulations. We then quantitatively describe the trade-off between the efficient and the equitable allocation of Public Investment.
Jim Brumby - One of the best experts on this subject based on the ideXlab platform.
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investing in Public Investment an index of Public Investment efficiency
Journal of Economic Growth, 2012Co-Authors: Era Dablanorris, Jim Brumby, Annette J Kyobe, Zac Mills, Chris PapageorgiouAbstract:Pritchett (J Econ Growth 5:361–384, 2000) convincingly argued that the difference between Investment cost and capital value is of first-order empirical importance especially for developing countries where Public Investment is the primary source of Investment. This paper constructs a Public Investment efficiency 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. Research applications are outlined.
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A Diagnostic Framework For Assessing Public Investment Management - A Diagnostic Framework for Assessing Public Investment Management
Policy Research Working Papers, 2010Co-Authors: Anand Rajaram, Tuan Minh Le, Nataliya Biletska, Jim BrumbyAbstract:This paper provides a pragmatic and objective diagnostic approach to the assessment of Public Investment management systems for governments. Since weaknesses in Public Investment management can negate the core argument that additional fiscal space allocated to Public Investments could enhance future economic prospects, attention to the processes that govern Public Investment selection and management is critical. The paper begins with a description of eight key"must-have"features of a well-functioning Public Investment system: (1) Investment guidance, project development, and preliminary screening; (2) formal project appraisal; (3) independent review of appraisal; (4) project selection and budgeting; (5) project implementation; (6) project adjustment; (7) facility operation; and (8) project evaluation. The emphasis is placed on the basic processes and controls (linked at appropriate stages to broader budget processes) that are likely to yield the greatest assurance of efficiency in Public Investment decisions. The approach does not seek to identify best practice, but rather to identify the"must have"institutional features that would address major risks and provide an effective systemic process for managing Public Investments. The authors also develop a diagnostic framework to assess the main stages of the Public Investment management cycle. In principle, the identification of core weaknesses will allow reforms to focus scarce managerial and technical resources where they will yield the greatest impact. In addition, the framework is intended to motivate governments to undertake periodic self-assessments of their Public Investment systems and design reforms to enhance the productivity of Public Investment.
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a diagnostic framework for assessing Public Investment management
2010Co-Authors: Tuan Minh Le, Anand Rajaram, Nataliya Biletska, Jim BrumbyAbstract:This paper provides a pragmatic and objective diagnostic approach to the assessment of Public Investment management systems for governments. Since weaknesses in Public Investment management can negate the core argument that additional fiscal space allocated to Public Investments could enhance future economic prospects, attention to the processes that govern Public Investment selection and management is critical. The paper begins with a description of eight key"must-have"features of a well-functioning Public Investment system: (1) Investment guidance, project development, and preliminary screening; (2) formal project appraisal; (3) independent review of appraisal; (4) project selection and budgeting; (5) project implementation; (6) project adjustment; (7) facility operation; and (8) project evaluation. The emphasis is placed on the basic processes and controls (linked at appropriate stages to broader budget processes) that are likely to yield the greatest assurance of efficiency in Public Investment decisions. The approach does not seek to identify best practice, but rather to identify the"must have"institutional features that would address major risks and provide an effective systemic process for managing Public Investments. The authors also develop a diagnostic framework to assess the main stages of the Public Investment management cycle. In principle, the identification of core weaknesses will allow reforms to focus scarce managerial and technical resources where they will yield the greatest impact. In addition, the framework is intended to motivate governments to undertake periodic self-assessments of their Public Investment systems and design reforms to enhance the productivity of Public Investment.
J.c. Pernias - One of the best experts on this subject based on the ideXlab platform.
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Private and Public Investment in transportation infrastructure
Advances in Ecological Sciences, 1998Co-Authors: A Garcia, N. Georgantzis, V. Orts, J.c. PerniasAbstract:We study private and Public Investment in transportation infrastructure under two alternative scenarios concerning the degree of state intervention. The social planner minimizes the weighted sum of total transportation costs and Investment, according to the negative impact of each magnitude on the natural environment. Public Investment is a sensitive environmental policy instrument, especially, if the impact of transportation costs dominates over the impact of infrastructure itself. However, fiscal policy, price control and decentralization are more successful in reducing the overall environmental damage than is Public Investment alone.
Chris Papageorgiou - One of the best experts on this subject based on the ideXlab platform.
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investing in Public Investment an index of Public Investment efficiency
Journal of Economic Growth, 2012Co-Authors: Era Dablanorris, Jim Brumby, Annette J Kyobe, Zac Mills, Chris PapageorgiouAbstract:Pritchett (J Econ Growth 5:361–384, 2000) convincingly argued that the difference between Investment cost and capital value is of first-order empirical importance especially for developing countries where Public Investment is the primary source of Investment. This paper constructs a Public Investment efficiency 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. Research applications are outlined.
