Benchmarking Infrastructure Using Public Investment Efficiency Frontiers /
With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure for many countries, particularly in the context of post-pandemic recovery and rising debt emanating from higher energy costs and other pressures. Estimating investment efficiency, ho...
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Other Authors: | , |
Format: | Book |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2023
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Series: | IMF Working Papers; Working Paper ;
No. 2023/101 IMF eLibrary |
Subjects: |
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245 | 1 | 0 | |a Benchmarking Infrastructure Using Public Investment Efficiency Frontiers / |c Javier Kapsoli, Tewodaj Mogues, Genevieve Verdier |
264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2023 | |
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520 | 3 | |a With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure for many countries, particularly in the context of post-pandemic recovery and rising debt emanating from higher energy costs and other pressures. Estimating investment efficiency, however, presents many methodological pitfalls. Using various methods--stochastic frontier analysis, data envelopment analysis (DEA), and bootstrapped DEA-this paper estimates efficiency scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency scores are relatively robust across methodologies and data used. A considerable efficiency gap exists: Removing all inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches-in particular, by 45 percent for advanced economies, 54 percent for emerging countries, and 65 percent for low income countries. Infrastructure output would increase by a still-sizeable 30 percent if instead of eliminating all efficiency, countries achieved the efficiency level of their income group's 90th percentile | |
588 | |a Description based on print version record | ||
650 | 7 | |a Aggregate Factor Income Distribution |2 imf | |
650 | 7 | |a Capacity |2 imf | |
650 | 7 | |a Capital |2 imf | |
650 | 7 | |a Currency crises |2 imf | |
650 | 7 | |a Economic & financial crises & disasters |2 imf | |
650 | 7 | |a Economics of specific sectors |2 imf | |
650 | 7 | |a Economics |2 imf | |
650 | 7 | |a Economics: General |2 imf | |
650 | 7 | |a Expenditure |2 imf | |
650 | 7 | |a Financial Instruments |2 imf | |
650 | 7 | |a Financial institutions |2 imf | |
650 | 7 | |a Income |2 imf | |
650 | 7 | |a Industry Studies: Transportation and Utilities: General |2 imf | |
650 | 7 | |a Informal sector |2 imf | |
650 | 7 | |a Infrastructure |2 imf | |
650 | 7 | |a Institutional Investors |2 imf | |
650 | 7 | |a Intangible Capital |2 imf | |
650 | 7 | |a Investment & securities |2 imf | |
650 | 7 | |a Investment |2 imf | |
650 | 7 | |a Investments: Stocks |2 imf | |
650 | 7 | |a Macroeconomics |2 imf | |
650 | 7 | |a National Government Expenditures and Related Policies: Infrastructures |2 imf | |
650 | 7 | |a National accounts |2 imf | |
650 | 7 | |a Non-bank Financial Institutions |2 imf | |
650 | 7 | |a Other Public Investment and Capital Stock |2 imf | |
650 | 7 | |a Pension Funds |2 imf | |
650 | 7 | |a Public Economics: Miscellaneous Issues: General |2 imf | |
650 | 7 | |a Public Finance |2 imf | |
650 | 7 | |a Public finance & taxation |2 imf | |
650 | 7 | |a Public investment spending |2 imf | |
650 | 7 | |a Public investments |2 imf | |
650 | 7 | |a Saving and investment |2 imf | |
650 | 7 | |a Stocks |2 imf | |
700 | 1 | |a Tewodaj Mogues | |
700 | 1 | |a Verdier, Geneviève | |
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