public investments

This paper addresses the determinants of public expenditure policies, by reviewing theories and empirical investigations of what features explain the budget process and how the various attributes of actors—including politicians, bureaucrats, interest groups, and donors—and of institutions and political and economic governance environments affect the prioritization of public investments. It draws conclusions with regard to the determinants of agricultural public investments.

In light of a reinvigorated policy orientation toward agriculture in developing countries following recent dramatic developments affecting food prices and agricultural land use, public resource allocation decisionmakers ought to have access to the existing evidence from academic research on the impact of public investments related to and in support of agriculture.