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, and explores the contribution of other critical factors. The findings suggest an inverse relationship between public investment levels and institutional quality, supporting the idea that governments use...
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详细
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2011/07/01
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政策研究报告
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WPS5735
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1
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1
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2011/07/01
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Disclosed
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Do high and volatile levels of public investment suggest misconduct ? the role of institutional quality
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quality of governance