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    Making the Most of Public Investment in a Tight Fiscal Environment

    Posted By: exLib
    Making the Most of Public Investment in a Tight Fiscal Environment

    Making the Most of Public Investment in a Tight Fiscal Environment: Multi-level Governance Lessons from the Crisis
    OECD | Aug 2011 | ISBN: 9789264114456 9789264114470 | 202 pages | PDF | 2 MB

    This report provides an overview of challenges met in the recovery and highlights good practices and lessons learned, focusing on eight country cases: Australia, Canada, France, Germany, Korea, Spain, Sweden and the United States.



    How to make the most of public investment? This question is critical in today’s tight fiscal environment. Given that sub-national governments in OECD countries carry out more than two thirds of total capital investment, they have played a key role in executing national stimulus packages during the global crisis. The effectiveness of recovery strategies based on public investment thus depends largely on the arrangements between levels of government to design and implement the investment mix.

    As stimulus packages are being phased out since 2010, many countries have moved toward fiscal consolidation and targeted public investment as an adjustment variable. Co-ordination between levels of government was essential to implement recovery measures, and it is equally important to better prioritise reduced public investment and make the most of it for sustainable growth.

    Table of contents
    Executive Summary
    Part I Comparative overview: challenges and lessons
    Introduction
    I.1. A critical role for sub-national governments during the recovery.
    I.2 Managing investment across levels of government: key challenges
    I.3. Overcoming obstacles to implementation: the need for co-ordination
    I.4. Making the most of public investment in times of austerity
    Notes
    Bibliography
    Part II Country cases
    Chapter 1. Australia
    Macro dimension
    Design of the public investment measures
    Implementation of the public investment scheme
    Obstacles and co-ordination challenges across levels of government – lessons learned?
    Notes
    Bibliography
    Chapter 2. Canada
    Macro dimension
    Design of the public investment scheme
    Implementation of the public investment scheme
    Main obstacles and co-ordination challenges across levels of government – learned?
    Notes
    Bibliography
    Chapter 3 France
    Macro dimension
    Design of the public investment scheme
    Implementation of the public investment scheme
    Obstacles and co-ordination challenges across levels of government – lessons learned?
    Notes
    Bibliography
    Chapter 4. Germany
    Macro dimension
    Design of the public investment scheme
    Implementation of the public investment scheme
    Main obstacles and co-ordination challenges across levels of government – lessons learned?
    Lessons learned
    Notes
    Bibliography
    Chapter 5. Korea
    Macro dimension
    Design of the public investment scheme
    Implementation of the public investment scheme
    Main obstacles and co-ordination challenges across levels of government – lessons learned?
    Notes
    Bibliography
    Chapter 6. Spain
    Macro dimension
    Design of the public investment measures
    Implementation of the public investment scheme
    Main obstacles and co-ordination challenges across levels of government
    Notes
    Bibliography
    Chapter 7. Sweden
    Macro dimension
    Design of the public investment scheme
    Implementation of the public investment scheme
    Main obstacles and co-ordination challenges across levels of government – lessons learned?
    Notes
    Bibliography
    Chapter 8. United States
    Macro dimension
    Design of the public investment scheme
    Implementation of the public investment scheme
    Obstacles and co-ordination challenges across levels of government – lessons learned?
    Notes
    Bibliography

    with TOC BookMarkLinks