Roads on a downhill? Trends in EU infrastructure investment
AbstractThis 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 InfoPaper provided by European Investment Bank, Economics Department in its series EIB Papers with number 1/2005.
Length: 21 pages
Date of creation: 06 Jun 2005
Date of revision:
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infrastructure investment; public capital;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
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- 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.
- Psycharis, Yannis & Rodríguez-Pose, Andrés & Tselios, Vassilis, 2012. "Public investment and regional growth and convergence: Evidence from Greece," CEPR Discussion Papers 9011, C.E.P.R. Discussion Papers.
- Andrés Rodríguez-Pose & Yannis Psycharis & Vassilis Tselios, 2012. "Public investment and regional growth and convergence: Evidence from Greece," Working Papers 2012-05, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
- Uppenberg, Kristian & Strauss, Hubert & Wagenvoort, Rien, 2011. "Financing infrastructure," EIB Economic Surveys, European Investment Bank, number 3.
- Andreas Kappeler & Albert SolÃ©-OllÃ© & Andreas Stephan & Timo VÃ¤lilÃ¤, 2012.
"Does fiscal decentralization foster regional investment in productive infrastructure?,"
ERSA conference papers
ersa12p60, European Regional Science Association.
- Andreas Kappeler & Albert Solé-Ollé & Andreas Stephan & Timo Välilä, 2012. "Does Fiscal Decentralisation Foster Regional Investment in Productive Infrastructure?," Discussion Papers of DIW Berlin 1204, DIW Berlin, German Institute for Economic Research.
- Kappeler , Andreas & Solé-Ollé, Albert & Stephan, Andreas & Välilä, Timo, 2012. "Does fiscal decentralization foster regional investment in productive infrastructure?," Working Paper Series in Economics and Institutions of Innovation 273, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
- Andreas Kappeler & Albert Solé-Ollé & Andreas Stephan & Timo Välilä, 2012. "Does fiscal decentralization foster regional investment in productive infrastructure?," Working Papers 2012/32, Institut d'Economia de Barcelona (IEB).
- Hans Pitlik & Margit Schratzenstaller, 2011. "Growth Implications of Structure and Size of Public Sectors," WIFO Working Papers 404, WIFO.
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