Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries /

Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment in generating growth and closing infrastructure gaps, as well as concerns about fiscal vulnerabiliti...

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Bibliographic Details
Main Authors: Albino, Maria, Albino, María
Other Authors: Cerovic, Svetlana, Flores, Juan Carlos, (Information manager), Flores, Juan (Juan G.), Grigoli, Francesco, Kapsoli, Javier, Qu, Haonan, Said, Yahia
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014
Series:IMF eLibrary
Staff Discussion Notes; Staff Discussion Notes ; No. 2014/010
Subjects:
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245 1 0 |a Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries /  |c Maria Albino, Svetlana Cerovic, Francesco Grigoli, Juan Flores, Javier Kapsoli, Haonan Qu, Yahia Said, Bahrom Shukurov, Martin Sommer, SeokHyun Yoon 
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520 3 |a Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment in generating growth and closing infrastructure gaps, as well as concerns about fiscal vulnerabilities. When public investment is inefficient, higher levels of spending may simply lead to larger budget deficits, without sufficiency increasing the quantity or quality of public infrastructure in support of economic growth. This paper examines the efficiency of public investment in the MENA and CCA oil exporters using several techniques, including a novel application of the efficiency frontier analysis, estimates of unit investment costs, and assessments of public investment processes. The analysis confirms that these oil exporters have substantial room to improve public investment efficiency. Reforms in the public financial and investment management systems are needed to achieve this objective 
588 |a Description based on print version record 
650 7 |a Agricultural and Natural Resource Economics  |2 imf 
650 7 |a Capacity  |2 imf 
650 7 |a Capital investments  |2 imf 
650 7 |a Capital spending  |2 imf 
650 7 |a Capital  |2 imf 
650 7 |a Environment  |2 imf 
650 7 |a Environmental and Ecological Economics: General  |2 imf 
650 7 |a Environmental management  |2 imf 
650 7 |a Exhaustible Resources and Economic Development  |2 imf 
650 7 |a Expenditure  |2 imf 
650 7 |a Fiscal Policy  |2 imf 
650 7 |a Fiscal and Monetary Policy in Development  |2 imf 
650 7 |a Infrastructure  |2 imf 
650 7 |a Intangible Capital  |2 imf 
650 7 |a Investment  |2 imf 
650 7 |a Macroeconomics  |2 imf 
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650 7 |a National accounts  |2 imf 
650 7 |a Natural Resources  |2 imf 
650 7 |a Natural resources  |2 imf 
650 7 |a Other Public Investment and Capital Stock  |2 imf 
650 7 |a Public Finance  |2 imf 
650 7 |a Public finance & taxation  |2 imf 
650 7 |a Public investment and public-private partnerships (PPP)  |2 imf 
650 7 |a Public investment spending  |2 imf 
650 7 |a Public investments  |2 imf 
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650 7 |a Saving and investment  |2 imf 
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700 1 |a Grigoli, Francesco 
700 1 |a Kapsoli, Javier 
700 1 |a Qu, Haonan 
700 1 |a Said, Yahia 
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