Public investment is likely to be an important component of any postcrisis recovery program. As countries work to ensure a smart, green, fair recovery, investing in modern, resilient, and efficient infrastructure assets will be key. This How to Note discusses how countries should manage public...

We examine how the policies of Chinese regional governments affect the investment location decisions of firms. Using a dataset compiled from the reports on the investment decisions of 498 listed Chinese companies headquartered in the provinces of Guangdong, Jiangsu, Shanghai, and Zhejiang, we...

This paper investigates the relation between corporate political connections and government investment. We study various forms of political influence, ranging from passive connections between firms and politicians, such as those based on politicians' voting districts, to active forms, such as...

Front Cover; Contents; Acknowledgments; About the Authors; Abbreviations; Chapter 1 Building a System for Public Investment Management; Public Investment Management: Why It Matters; Evolution of Ideas; Challenges of Today; Figure 1.1 Average Construction Project Cost and Time Overruns in...