OECD Regional Development Working Papers
- Discontinué
- Suivi de:
- OECD Regional Development Papers
- ISSN : 20737009 (en ligne)
- https://doi.org/10.1787/20737009
Creating Conditions for Effective Public Investment
Sub-national Capacities in a Multi-level Governance Context
On average, nearly two-thirds of public investment in OECD countries occurs at the sub-national level. Clearly then, any discussion of improving returns to investment must address the capacities of sub-national governments to invest effectively. Unfortunately, the implementation of recovery packages across OECD countries revealed that both national and sub-national actors may lack the appropriate tools and governance arrangements to make the best use of investment funds. Taking this finding as its starting point, this paper seeks to 1) identify capacities that enable sub-national governments to design and implement sound public investment strategies for regional development, and 2) provide practical guidance for assessing and strengthening these capacities in a context of multi-level governance.