A Sub‑national Perspective on Financing Investment for Growth II ‑ Creating Fiscal Space for Public Investment: The Role of Institutions

Sub-national governments (SNGs) are key players for public investment in OECD countries, responsible for nearly two-thirds of it. At the same time, both the well-being of the population and economic performance depend on an adequate provision of public services, which require public facilities and thus public investment. Ensuring that sub-national...