This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Towards a new policy framework for the enlarged Europe: investing for growth and modernization

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Robert PICCIOTTO ()
Abstract

European leaders aim to turn the enlarged Union into "the most competitive and dynamic knowledge-based economy in the world". But without major increases in infrastructure investments, dynamic growth - the missing ingredient of the European model - will not materialize. Given extraordinarily tight fiscal prospects, policy reform is imperative: (i) redeployment of resources from agricultural subsidies towards productive investment; (ii) selectivity and rigor in project screening; (iii) a larger role for the private sector and (iv) pricing policies designed to mobilize resources, manage demand and internalize environmental costs. Project funding should remain the instrument of choice for strategic infrastructure projects with regional integration features. Implementation performance must improve and, at country level, EU funding should be targeted to the poorest countries of the Union. Where policies and institutions are weak, EU funding should be conditional and channeled through well-designed programs that emphasize sector wide policy reforms, regional development and community-based initiatives.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.economia.unimi.it/uploads/wp/wp245.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Department of Economics University of Milan Italy in its series Departemental Working Papers with number 2006-11.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: 01 Feb 2006
Date of revision:
Handle: RePEc:mil:wpdepa:2006-11

Contact details of provider:
Postal: Via Conservatorio 7, I-20122 Milan - Italy
Phone: +39 02 50321522
Fax: +39 02 50321505
Web page: http://www.economia.unimi.it
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Daniele Checchi).

Related research
Keywords: Infrastructure; growth; cohesion; convergence; budget reform; regional policy.;

Find related papers by JEL classification:
R58 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Regional Development Policy
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

This paper has been announced in the following NEP Reports:

Statistics
Access and download statistics

Did you know? Use the JEL tree to browse through the database by subfields.

This page was last updated on 2009-12-18.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.