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Roads on a downhill? Trends in EU infrastructure investment

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Author Info

  • VALILA, Timo

    () (European Investment Bank, Economic and Financial Studies)

  • Kozluk, Tomasz

    () (European University Institute in Florence)

  • Mehrotra, Aaron

    () (European University Institute in Florence)

Abstract

This paper describes long-term trends in public investment and analyses their causes and consequences. This has been undertaken separately for the EU-15 and the new member countries in Central and Eastern Europe. In addition, it assesses the significance of infrastructure finance through public-private partnerships, which are often portrayed as a substitute for traditional public procurement of infrastructure. The conclusion that emerges is that while public investment has been trending down in non-cohesion countries and while public-private partnerships are gaining popularity, the quantitative significance of these developments should not be exaggerated.

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Bibliographic Info

Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 1/2005.

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Length: 21 pages
Date of creation: 06 Jun 2005
Date of revision:
Handle: RePEc:ris:eibpap:2005_001

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Related research

Keywords: infrastructure investment; public capital;

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Cited by:
  1. Andrés Rodríguez-Pose & Yannis Psycharis & Vassilis Tselios, 2012. "Public investment and regional growth and convergence: Evidence from Greece," Papers in Regional Science, Wiley Blackwell, vol. 91(3), pages 543-568, 08.
  2. Uppenberg, Kristian & Strauss, Hubert & Wagenvoort, Rien, 2011. "Financing infrastructure," EIB Economic Surveys, European Investment Bank, number 3.
  3. Andreas Kappeler & Albert Solé-Ollé & Andreas Stephan & Timo Välilä, 2012. "Does fiscal decentralization foster regional investment in productive infrastructure?," ERSA conference papers ersa12p60, European Regional Science Association.
  4. Hans Pitlik & Margit Schratzenstaller, 2011. "Growth Implications of Structure and Size of Public Sectors," WIFO Working Papers 404, WIFO.

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