IDEAS home Printed from https://ideas.repec.org/a/rom/mancon/v11y2017i1p679-686.html
   My bibliography  Save this article

Alternatives For The Rationalization Of Public Investment Programmes In Romania

Author

Listed:
  • Cristina DIMA
  • Mihai CONSTANTINESCU

Abstract

Increasing the performance of public investment projects is a topical challenge in public management. The impact of public investment on economic growth and implicitly the performance level should be assessed and monitored at economic, social, technical and environmental levels. The issue of budgeting investments, reporting to certain specific criteria and indicators, creates some difficulties in the evaluation process from the perspective of the framing of projects in the category of performing or non-performing ones. In the context of the existence of a large portfolio of projects in different phases of implementation, the public investment budgeting process has led to an exclusive focus on quantitative indicators, to the detriment of those in the qualitative area. Retrospective research on public investment budgets has identified a significant number of non-performing but funded projects. This paper propose a methodology for rationalizing the public investment program (PIP) and implicitly eliminating non-performing projects. The study results demonstrate the need to integrate the rationalization methodology approached from the perspective of the financing and performance of the public investment program.

Suggested Citation

  • Cristina DIMA & Mihai CONSTANTINESCU, 2017. "Alternatives For The Rationalization Of Public Investment Programmes In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 679-686, November.
    • Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:679-686
    as

    Download full text from publisher

    File URL: https://conference.management.ase.ro/archives/2017/pdf/3_23.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Era Dabla-Norris & Jim Brumby & Annette Kyobe & Zac Mills & Chris Papageorgiou, 2012. "Investing in public investment: an index of public investment efficiency," Journal of Economic Growth, Springer, vol. 17(3), pages 235-266, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Temple, Jonathan & Ying, Huikang, 2014. "Life During Structural Transformation," CEPR Discussion Papers 10297, C.E.P.R. Discussion Papers.
    2. Alessandra Cepparulo & Gilles Mourre, 2020. "How and How Much? The Growth-Friendliness of Public Spending through the Lens," European Economy - Discussion Papers 132, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Anthony J. Venables & Samuel E. Wills, 2016. "Resource Funds: Stabilising, Parking, and Inter-generational Transfer," Journal of African Economies, Centre for the Study of African Economies, vol. 25(suppl_2), pages 20-40.
    4. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Ye,Lei Sandy & Islamaj,Ergys, 2017. "Weakness in investment growth : causes, implications and policy responses," Policy Research Working Paper Series 7990, The World Bank.
    5. Tommaso Agasisti & Cristian Barra & Roberto Zotti, 2020. "Public finance, government spending and economic growth: the case of local governments in Italy," Working papers 99, Società Italiana di Economia Pubblica.
    6. Jian Chu & Raymond Fisman & Songtao Tan & Yongxiang Wang, 2021. "Hometown Ties and the Quality of Government Monitoring: Evidence from Rotation of Chinese Auditors," American Economic Journal: Applied Economics, American Economic Association, vol. 13(3), pages 176-201, July.
    7. Nazim Belhocine & La-Bhus Fah Jirasavetakul, 2020. "Lessons from Two Public Sector Reforms in Italy," IMF Working Papers 2020/040, International Monetary Fund.
    8. Firew B Woldeyes, 2013. "Long-Run Effects of Resource Rents in Developing Countries: The role of public investment management," OxCarre Working Papers 105, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    9. Carranza-Ugarte, Luis & Díaz-Saavedra, Julián & Galdon-Sanchez, Jose Enrique, 2023. "Rethinking fiscal rules," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 833-857.
      • Luis Carranza Ugarte & Julian Diaz Saavedra & Jose Enrique Galdon-Sanchez, 2021. "Rethinking fiscal rules," ThE Papers 21/14, Department of Economic Theory and Economic History of the University of Granada..
    10. International Monetary Fund, 2011. "Zambia: Ex Post Assessment of Longer-Term Program Engagement: Update," IMF Staff Country Reports 2011/197, International Monetary Fund.
    11. Agénor, Pierre-Richard & Canuto, Otaviano, 2015. "Gender equality and economic growth in Brazil: A long-run analysis," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 155-172.
    12. Grigoli, Francesco & Mills, Zachary, 2011. "Do high and volatile levels of public investment suggest misconduct ? the role of institutional quality," Policy Research Working Paper Series 5735, The World Bank.
    13. Djedje Hermann YOHOU, 2015. "In Search of Fiscal Space in Africa: The Role of the Quality of Government Spending," Working Papers 201527, CERDI.
    14. repec:ocp:rpaper:rp-14/03 is not listed on IDEAS
    15. Rabah Arezki & Mustapha K. Nabli, 2012. "Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa," OxCarre Working Papers 086, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    16. Mr. Alan H. Gelb & Mr. Arnaud Dupuy & Mr. Rabah Arezki, 2012. "Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity," IMF Working Papers 2012/200, International Monetary Fund.
    17. Roberto Ricciuti & Antonio Savoia & Kunal Sen, 2019. "What determines administrative capacity in developing countries?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(5), pages 972-998, October.
    18. Doris Prammer & Lukas Reiss, 2017. "Three small essays on public investment: economic rationales, the EU fiscal framework and some statistical comparisons," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/17, pages 32-47.
    19. Li, Y. & Murshed, S.M. & Papyrakis, E., 2021. "Public capital and income inequality: some empirical evidence," ISS Working Papers - General Series 677, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    20. Gupta, Sanjeev & Kangur, Alvar & Papageorgiou, Chris & Wane, Abdoul, 2014. "Efficiency-Adjusted Public Capital and Growth," World Development, Elsevier, vol. 57(C), pages 164-178.
    21. Chrimes, Tommy & Gootjes, Bram & Kose, M. Ayhan & Wheeler, Collette, 2024. "The Great Reversal," CEPR Discussion Papers 19090, C.E.P.R. Discussion Papers.
      • Tommy Chrimes & Bram Gootjes & M. Ayhan Kose & Collette Wheeler, 2024. "The Great Reversal," CAMA Working Papers 2024-27, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
      • Chrimes, Tommy & Gootjes, Bram & Kose, Ayhan & Wheeler, Collette, 2024. "The Great Reversal," MPRA Paper 120860, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:679-686. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.