OECD Multi-level Governance Studies Making the Most of Public Investment in a Tight Fiscal Environment Multi-level Governance Lessons from the Crisis

How to make the most of public investment? This question is critical in today's tight fiscal environment. Given that sub-national governments in OECD countries carry out more than two thirds of total capital investment, they have played a key role in executing national stimulus packages during the global crisis. The effectiveness of recovery strategies based on public investment thus depends large...