Do High and Volatile Levels of Public Investment Suggest Misconduct? The Role of Institutional Quality

Do High and Volatile Levels of Public Investment Suggest Misconduct? The Role of Institutional Quality

This paper investigates the impact of institutional quality on public investment levels over the period 1984-2008. Moreover, it studies how the volatility of public investment and the quality of infrastructure are affected by institutional quality,...

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Bibliographic Details
Main Authors: Grigoli, Francesco, Mills, Zachary
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCOUNTING
ADVANCED ECONOMIES
AFFILIATED ORGANIZATIONS
AUCTIONS
AUTARCHY
BANK POLICY
BID
BOND
BUSINESS CYCLE
BUSINESS ENVIRONMENT
CAPITAL ACCUMULATION
CAPITAL INVESTMENT
CAPITAL STOCK
CHECKS
CIVIL WAR
COMMODITY
COUNTRY DUMMIES
COUNTRY FIXED EFFECTS
COUNTRY RISK
CURRENT ACCOUNT SURPLUSES
DATA AVAILABILITY
DEBT
DEBT SERVICE
DEMOCRACIES
DEMOCRACY
DEMOCRATIC ACCOUNTABILITY
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DISBURSEMENTS
DOMESTIC MARKETS
DUMMY VARIABLE
ECONOMETRICS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMICS
EFFICIENCY OF CAPITAL
ELECTRICITY
EMERGING ECONOMIES
EXCHANGE CONTROLS
EXPENDITURE
EXPENDITURES
EXPORTERS
EXPROPRIATION
FINANCIAL ACCOUNTABILITY
FINANCIAL CRISIS
FINANCIAL MANAGEMENT
FISCAL PERFORMANCE
FISCAL POLICY
FIXED CAPITAL
FOREIGN INVESTMENT
FRAUD
GOVERNANCE INDEX
GOVERNANCE INDICATOR
GOVERNANCE INDICATORS
GOVERNMENT EXPENDITURE
GOVERNMENT FINANCE
GROSS FIXED CAPITAL FORMATION
GROWTH RATE
INCOME
INFLATION
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE PROJECTS
INSTITUTIONAL CAPACITY
INSTRUMENT
INTERNATIONAL BANK
INTERNATIONAL MARKET
INVENTORY
INVESTING
INVESTMENT ACTIVITIES
INVESTMENT ACTIVITY
INVESTMENT DECISIONS
INVESTMENT MANAGEMENT
INVESTMENT NEEDS
INVESTMENT PROJECTS
INVESTMENT SPENDING
LEGAL SYSTEM
LEVY
LICENSES
LOW-INCOME COUNTRIES
MACROECONOMIC MANAGEMENT
MARKET PRICE
NATURAL RESOURCE
NATURAL RESOURCES
OUTPUT
OUTPUTS
POLITICAL DETERMINANTS
POLITICAL RISK
POLITICAL SYSTEM
POSITIVE COEFFICIENT
PRIVATE INVESTMENT
PRIVATE INVESTMENTS
PRIVATE INVESTORS
PRIVATE SECTOR
PUBLIC
PUBLIC ECONOMICS
PUBLIC EXPENDITURE
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC SECTOR
PUBLIC SPENDING
PUBLIC WORKS
RATE OF RETURN
RENTS
REPUDIATION
RISK OF EXPROPRIATION
ROADS
SOCIAL PROTECTION
STOCKS
TAX
TELECOMMUNICATIONS
TELECOMMUNICATIONS INFRASTRUCTURE
TELEPHONE LINES
VOLATILE CAPITAL
VOLATILITY
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110929092625
http://hdl.handle.net/10986/3584

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