NDLI: Sub-national public investment

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Making the Most of Public Investment in the Eastern Slovak Republic

Foreword and Acknowledgements

Executive summary

Assessment and recommendations

Slovak Republic's decentralisation context

Economic growth and regional well-being in the Eastern Slovak Republic

Sub-national public investment

Strengths and challenges for public investment management for the Eastern Slovak Republic

Annotated Summary Assessment. OECD Recommendation on Effective Public Investment Across Levels of Government.

Sub-national public investment

Content Provider	OECD iLibrary
Organization	OECD
Abstract	Total private and public investment made by the business sector, households and the general government has been declining over the past years in the Slovak Republic. Nationally, public investment both as a percent of GDP and per capita in the Slovak Republic is well below the OECD average. Although the Slovak Republic’s share of sub-national investment is low compared to other OECD countries, it grew tremendously since the early 2000s. In the Slovak Republic, municipalities are by far the biggest sub-national public investors compared to the regional governments. In eastern regions (Východné Slovensko), the role of municipalities is slightly higher, as municipalities in Košice and Prešov accounted for 87% and 86% of direct public investment in their regions, respectively. The Eastern Slovak Republic faces challenges to invest in transportation infrastructure, human capital development and innovation. The density and quality of much of the region’s hard infrastructure lags behind other regions, creating bottlenecks to job creation and raising costs for firms that may wish to locate there. The Eastern Slovak Republic also needs to boost educational outcomes. Finally, Východné Slovensko has a relatively underdeveloped regional innovation system.
Page Count	15
Starting Page	37
Ending Page	51
Language	English
Publisher	OECD Publishing
Publisher Date	2016-04-01
Access Restriction	Open
Subject Keyword	Governance Urban, Rural and Regional Development
Content Type	Text
Resource Type	Chapter

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