By OECD

Why 'investing together'? Public funding isn't just an enormous strategic accountability for governments but in addition a shared one: nearly two-thirds of public funding is undertaken through sub-national governments and significant tasks are inclined to contain a couple of govt point. In a decent financial panorama, enhancing the potency and effectiveness of funding, whereas maximising its influence on progress results, is  Read more...

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126, Swiss Institute for Business Cycle Research, Zurich. INVESTING TOGETHER: WORKING EFFECTIVELY ACROSS LEVELS OF GOVERNMENT © OECD 2013 41 1. HOW TO DO BETTER WITH LESS: WORKING ACROSS LEVELS OF GOVERNMENT TO INVEST MORE EFFECTIVELY Barca, F. (2009), “An Agenda for a Reformed Cohesion Policy. A Place-Based Approach to Meeting European Union Challenges and Expectations”, independent report prepared for the European Commission, DG Regio. Barca, F. et al. (2012), “The Case for Regional Development Intervention: Place-based versus Placeneutral Approaches”, Journal of Regional Science, Vol.

OECD (2007) points to evidence that consolidation typically begin with tax hikes and cuts in investment spending, as these can be executed quickly and can signal the government’s serious intent, but that governments engaged in fiscal adjustment then move on to a broader strategy aimed at reductions in current spending. Given that public budgets across the OECD are likely to remain tight for some time to come, the efficiency and effectiveness with which limited public investment resources are deployed are thus likely to be of increasing importance.

15. g. water, banking), the post-crisis period has seen a partial reversal of this process, as the role of the state has grown. Bibliography Acemoglu, D. et al. (2001), “The Colonial Origins of Comparative Development: An Empirical Investigation”, American Economic Review, Vol. 91, No. 5. Acemoglu, D. et al. (2003), “Kleptocracy and Divide-and-Rule: A Model of Personal Rule”, CEPR Discussion Paper, No. 4059, September. Acemoglu, D. et al. (2005), “Institutions as the Fundamental Cause of Long-run Growth”, in P.

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