Catalyzing Growth
The Strategic Factors and Levers Behind Public Investment Management
Bibliographic Data
| ID | 22429063 |
|---|---|
| Authors | Ramona MIHAI (Babeș-Bolyai University), Dan Tudor LAZĂR (0000-0002-6884-9110, Babeș-Bolyai University) |
| Year | 2026 |
| Issue | 77 E |
| Pages | 84-104 |
| Publication date | 2026-02-27 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Transylvanian Review of Administrative Sciences (JOURNAL) |
| Journal identifiers | ISSN: 1842-2845 • E-ISSN: 2247-8310 |
| Publisher | Babes-Bolyai University Cluj-Napoca (PUBLISHER) |
| DOI | 10.24193/tras.77e.5 |
| OpenAlex | W7133980918 |
| Language | EN |
| References cited | 34 |
This article reviews the factors that influence Public Investment Management (PIM) and exam- ines their critical role in long-term benefits of the governmental investments. They are essential for fueling demand, fostering innovation, and addressing market failures. The article draws on a critical analysis of academic theories and institutional literature including Keynesian economics, Endogenous Growth Theory, Public Goods Theory, and Human Capital Theory and demonstrates the importance of public investments to generate multiplier effects and long-term productivity gains. It also provides an examination of the PIM determinants, addressing strategic and operational dimensions. Key determinants analyzed include institutional capacity and governance, project appraisal and selection, risk management and uncertainty mitigation, procurement and contract management, political economy and technical capacity. The analysis identifies bottlenecks and enablers of the processes and the importance of these factors for achieving long-term impact. Ultimately, the article discusses that the key determinants affect the efficiency, resilience and fairness of public investments and improving PIM effectiveness requires technical reforms and a systemic rethinking of the quality of its governance and delivery.
Corporate governance · Human capital · New public management · Procurement · Productivity · Public investment · Public sector · Community Development and Social Impact · Fiscal Policy and Economic Growth · Public-Private Partnership Projects
Governance Matters VIII
The Theory of Externalities, Public Goods, and Club Goods
Determinants of Economic Growth
Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate
Does public capital crowd out private capital?
The Role of Cognitive Skills in Economic Development
Discounting climate change
Can Government Purchases Stimulate the Economy?
The Macroeconomic Effects of Tax Changes
Dams
Is public expenditure productive?
Human Capital
Institutions, Institutional Change and Economic Performance
The Pure Theory of Public Expenditure
Boondoggles, Rent-Seeking, and Political Checks and Balances
A Model of Growth Through Creative Destruction
By How Much Does GDP Rise If the Government Buys More Output
Solutions When the Solution is the Problem
Federal Budget Policy with an Aging Population and Persistently Low Interest Rates
The Origins of Endogenous Growth
| Citation velocity | historical |
|---|---|
| Highly cited | No |