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Download PDF by OECD: Investing together : working effectively across levels of

By OECD

ISBN-10: 9264197028

ISBN-13: 9789264197022

ISBN-10: 9264200452

ISBN-13: 9789264200456

ISBN-10: 9279290312

ISBN-13: 9789279290312

ISBN-10: 9279290339

ISBN-13: 9789279290336

Why 'investing together'? Public funding isn't just a big strategic accountability for governments but additionally a shared one: virtually two-thirds of public funding is undertaken through sub-national governments and significant initiatives are inclined to contain a couple of executive point. In a good economic panorama, bettering the potency and effectiveness of funding, whereas maximising its effect on development results, is  Read more...

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44, The World Bank, Washington, DC. Farole, T. et al. (2011), “Cohesion Policy in the European Union: Growth, Geography, Institutions”, Journal of Common Market Studies, Vol. 49, No. 5. Fedelino, A. and R. Hemming (2005), “A Fiscal Policy Framework to Safeguard Public Investment”, International Monetary Fund, Washington, DC. Filipetti, A. and L. Reggi (2012), “Multi-level Governance in European Union Cohesion Policy and the Quality of Regional Governments”, paper prepared for the IACFS (International Association of Centres for Federal Studies) conference “Federalism, Regionalism and Territory”, 19-21 September.

Although there is little evidence that corruption levels have much impact on the returns to cohesion expenditure across all regions, this appears to reflect the impact on the results of the very large number of regions with minimal cohesion expenditure: the strength of the interaction between cohesion expenditure and quality of government in regions with high levels of cohesion spending appears to be greatest in the case of corruption. Moreover, when corruption levels are introduced into the analysis by the threshold level of cohesion spending (as above), the drop in the returns to cohesion investment from the EUR 120 to EUR 150 per capita levels is particularly striking.

2011), “Cohesion Policy in the European Union: Growth, Geography, Institutions”, Journal of Common Market Studies, Vol. 49, No. 5. Fedelino, A. and R. Hemming (2005), “A Fiscal Policy Framework to Safeguard Public Investment”, International Monetary Fund, Washington, DC. Filipetti, A. and L. Reggi (2012), “Multi-level Governance in European Union Cohesion Policy and the Quality of Regional Governments”, paper prepared for the IACFS (International Association of Centres for Federal Studies) conference “Federalism, Regionalism and Territory”, 19-21 September.

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