<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462022000100001</article-id>
<article-id pub-id-type="doi">10.21919/remef.v17i1.703</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[A New Index for Public Investment Management]]></article-title>
<article-title xml:lang="es"><![CDATA[Un nuevo índice para la gestión de la inversión pública]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rojas Canela]]></surname>
<given-names><![CDATA[Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Carlos Moreno-Brid]]></surname>
<given-names><![CDATA[Juan]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<volume>17</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462022000100001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462022000100001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462022000100001&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The objective of this article is to improve the most widely used indicator of quality in public investment management (the PIMI). The methodology was to use an alternative algorithm to build a new version of the PIMI and calculate it for sixteen Latin American countries. The result is a New PIMI that appears better than the original one, as it has a positive correlation with an objective indicator of the efficiency of public investment, which is not achieved by the original PIMI. We recommend the use of the New PIMI, proposed here, as a control variable in studies on aggregated public investment and its impacts on economic growth and social welfare. One limitation of the New PIMI is that it reflects the quality of public investment management at the aggregate level and based on de jure criteria, thus not capturing key differences that occur at a more disaggregated or informal level. Even so, the relevance, originality and replicability of the New PIMI make it a significant contribution to knowledge in this field.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de este artículo es mejorar el indicador más utilizado sobre la calidad en la gestión de la inversión pública (Public Investment Management Index, PIMI). La metodología fue utilizar un algoritmo alternativo para construir una nueva versión del PIMI y calcularlo para dieciséis países latinoamericanos. El resultado es un Nuevo PIMI que parece mejor que el anterior, ya que tiene una correlación positiva con un indicador objetivo de la eficiencia de la inversión pública, lo que no logra el PIMI original. Recomendamos el uso del Nuevo PIMI, aquí propuesto, como variable de control en los estudios sobre la inversión pública agregada y sus impactos en el crecimiento económico y bienestar social. Una limitación del Nuevo PIMI es que refleja la calidad de la gestión de la inversión pública a nivel agregado y con base en criterios de jure, pero no permite capturar las diferencias en la eficiencia de dicha gestión que pueden ocurrir a nivel más desagregado o informal. Aun así, la originalidad y replicabilidad del Nuevo PIMI constituyen un aporte significativo al conocimiento del tema.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[H54]]></kwd>
<kwd lng="en"><![CDATA[H6]]></kwd>
<kwd lng="en"><![CDATA[C43]]></kwd>
<kwd lng="en"><![CDATA[public investment management]]></kwd>
<kwd lng="en"><![CDATA[national system of public investment]]></kwd>
<kwd lng="en"><![CDATA[public investment efficiency]]></kwd>
<kwd lng="en"><![CDATA[PIMI]]></kwd>
<kwd lng="en"><![CDATA[New PIMI]]></kwd>
<kwd lng="es"><![CDATA[H54]]></kwd>
<kwd lng="es"><![CDATA[H6]]></kwd>
<kwd lng="es"><![CDATA[C43]]></kwd>
<kwd lng="es"><![CDATA[gestión de la inversión pública]]></kwd>
<kwd lng="es"><![CDATA[sistemas nacionales de inversión pública]]></kwd>
<kwd lng="es"><![CDATA[eficiencia de la inversión pública]]></kwd>
<kwd lng="es"><![CDATA[PIMI]]></kwd>
<kwd lng="es"><![CDATA[nuevo PIMI]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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