Gonzalez Alegre, Juan () (European University Institute) Kappeler, Andreas () (European Investment Bank, Economic and Financial Studies) Kolev, Atanas () (European Investment Bank, Economic and Financial Studies) Valila, Timo () (European Investment Bank, Economic and Financial Studies)
Abstract
We set out to decompose government investment, seeking especially to estimate how much governments in Europe invest in infrastructure in general and transport infrastructure in particular. It is concluded that infrastructure accounts for about one-third of overall government investment in the EU on average, with the share of transport investment as high as 80 percent in government infrastructure investment. These shares have remained quite stable in the past decades, so government transport investment has not suffered from excessive swings, slides or sudden stops - at least relative to other types of government investment. Whether that has been economically optimal is an altogether different issue, to be addressed elsewhere.
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Publisher Info
Paper provided by European Investment Bank, Economic and Financial Studies in its series EIB Papers with number
2/2008.
Find related papers by JEL classification: H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
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