Incentives for Public Investment under Fiscal Rules

The authors explore the relationship between fiscal rules and capital budgeting. The current budgetary approach to limit deficits to a fixed portion of GDP or to balance budgets could undermine incentives to invest in public capital with long-run returns since politicians concerned about electoral p...

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Bibliographic Details
Main Authors:	Mintz, Jack M., Smart, Michael
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING STANDARDS ASSETS BENCHMARK BOND ISSUES BORROWING RULES CAPITAL BUDGETING CAPITAL COSTS CAPITAL MARKETS CAPITAL PROJECTS CONSTANT RETURNS TO SCALE CORPORATE FINANCE COST OF CAPITAL DEBT DEBT FINANCING DEFICITS DEPRECIATION ECONOMIC CRITERIA ECONOMIC PERFORMANCE ECONOMICS LITERATURE ECONOMIES OF SCALE ELASTICITY ELECTRICITY FINANCIAL REPORTING FISCAL BALANCE FISCAL DEFICITS FISCAL POLICY FORECASTS GDP GOVERNMENT DEBT GOVERNMENT EXPENDITURES GROWTH RATE HOUSING HUMAN CAPITAL INTERNATIONAL INVESTORS INVENTORY INVESTMENT DECISIONS INVESTMENT EXPENDITURES INVESTMENT FUND INVESTMENT PLANS INVESTMENT PROJECTS INVESTMENT RATE INVESTMENT SPENDING INVESTMENT STRATEGIES LATIN AMERICAN LICENSES MARGINAL COST MORAL HAZARD NORMATIVE ECONOMICS OPPORTUNITY COST POLITICAL ECONOMY PORTS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY GROWTH PROFITABILITY PROVISIONS PUBLIC PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR BORROWING PUBLIC SPENDING PUBLIC TRANSPORT RATE OF RETURN RATES OF RETURN REVENUE SOURCES ROADS SAVINGS STATEMENTS TAX TAX RATE TAX RATES TAX REVENUES TAXATION TRANSPARENCY UTILITIES VALUATION VOTERS WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2006/03/6612736/incentives-public-investment-under-fiscal-rules http://hdl.handle.net/10986/8346

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http://documents.worldbank.org/curated/en/2006/03/6612736/incentives-public-investment-under-fiscal-rules
http://hdl.handle.net/10986/8346

Incentives for Public Investment under Fiscal Rules

Internet

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