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dc.titleHow Efficient Is the Management of Subnational Public Investment? The Situation in the Federal Countries of Latin America
dc.contributor.authorEguino, Huáscar
dc.contributor.authorCapello, Marcelo
dc.contributor.authorFarfán Mares, Gabriel
dc.contributor.authorAguilar, Juan Carlos
dc.contributor.authorMenéndez, Hugo
dc.contributor.editorEguino, Huáscar
dc.contributor.orgunitFiscal Management Division
dc.coverageMexico
dc.coverageArgentina
dc.coverageLatin America and the Caribbean
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.available2020-10-22T00:00:00
dc.date.issue2020-10-22T00:00:00
dc.description.abstractThis study discusses the important role of subnational governments in public investment and analyzes the way it is managed. Specifically, it addresses the following: How important is decentralized public investment?; What are the factors that affect the efficiency and quality of investment management?; and What actions can be taken to improve it? To answer these questions, the study applies an efficiency index of public investment management to the subnational governments of Argentina and Mexico. The findings are as follows: a) the subnational management of public investment is inefficient in all stages, but it is particularly deficient in strategic planning, ex ante evaluation, impact evaluation, auditing, and asset management; b) on average, subnational governments have less management capacity than federal governments, although, as there is great heterogeneity, some subnational governments show greater efficiency; and c) factors such as lack of intergovernmental coordination and difficulties in fulfilling the role as governing bodies strongly influence the inefficiency of subnational public investment management. The study concludes with a series of recommendations to improve project cycle management and investment programming in subnational governments.
dc.format.extent139
dc.identifier.doihttp://dx.doi.org/10.18235/0002779
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/How-Efficient-Is-the-Management-of-Subnational-Public-Investment-The-Situation-in-the-Federal-Countries-of-Latin-America.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Cuan-eficiente-es-la-gestion-de-la-inversion-publica-subnacional-Situacion-de-los-paises-federales-de-America-Latina.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectPublic Investment
dc.subjectPublic Expenditure
dc.subjectEconomy
dc.subjectFiscal Decentralization
dc.subjectMunicipal Government
dc.subjectInvestment Project
dc.subjectIntergovernmental Fiscal Transfer
dc.subjectFiscal Rule
dc.subjectGross Domestic Product
dc.subjectDebtor Finance
dc.subjectSubnational Government
dc.subjectEx Post Evaluation
dc.subjectFederalism
dc.subject.jelcodeE62 - Fiscal Policy
dc.subject.jelcodeH50 - National Government Expenditures and Related Policies: General
dc.subject.jelcodeH43 - Project Evaluation • Social Discount Rate
dc.subject.jelcodeH72 - State and Local Budget and Expenditures
dc.subject.keywordsLatin America;public expenditure;decentralized public investment;index of efficiency;subnational government
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-00866
idb.operationRG-K1392
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