Investing together : working effectively across levels of government.

Foreword
 Acknowledgements
 Table of contents
 Acronyms and abbreviations
 Executive summary
 Public investment is an important strategic responsibility, shared across levels of government
 Doing more with less
 Key findings
 The quality of governance has a major influence on public investment outcomes
 OECD countries face a range of common challenges when it comes to managing public investment
 The character of these challenges varies across countries and regions
 Key recommendations
 Vertical coordination
 Horizontal coordination
 Contractual arrangements
 Critical capacities. Chapter 1. How to do better with less: Working across levels of government to invest more effectivelyThe importance of public investment
 Public investment can be a key contributor to economic growth ... 
 Box 1.1. Public capital formation: Measurement and trends
 ... although its impact depends to a significant extent on how governments manage it
 A place-based approach is critical to maximising the impact of public investment
 Box 1.2. Drivers of regional growth and policy complementarities
 Place-based approaches to investment imply a need for some decentralisation of decision making ... ... But top-down, as well as bottom-up, input is criticalThe impact of the crisis on public investment across levels of government
 Sub-national governments play a central role when it comes to public investment ... 
 Figure 1.1. Sub-national government (\"local\") shares of public investment (2011)
 Figure 1.2. Sub-national government share of total government public investment (1995-2010)
 ... but the crisis and its aftermath have seen public investment become an adjustment variable
 Figure 1.3. Changes in sub-national governments\' share of total public investment (2007-11). Figure 1.4. Annual changes in public and private investment (1996-2011) ... and has undermined the ability of sub-national governments to engage in their key role for public investment
 Box 1.3. What constitutes good quality in governance and how can it be measured?
 Figure 1.5. Share of sub-national government debt-to-GDP (2001-10)
 Figure 1.6. Composition of public debt by sector of government (2009)
 Improving public investment through quality governance
 Doing better with less requires improving the quality of government ... Box 1.4. Sub-national quality of government: Using citizens\' perceptions as a basis for measurementFigure 1.7. Human Development Index and Quality of Government
 Figure 1.8. Regional Quality of Government and sub-national variation
 Key bottlenecks exist in the governance of public investment
 OECD countries struggle to achieve effective inter-governmental coordination of investment ... 
 Figure 1.9. Cross-governmental coordination challenges of public investment
 ... and they face shortfalls in sub-national capacities for implementing public investment.