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Composition of government investment in Europe: Some forensic evidence

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Author Info

  • 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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Bibliographic Info

Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 2/2008.

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Length: 33 pages
Date of creation: 18 Jul 2008
Date of revision:
Handle: RePEc:ris:eibpap:2008_002

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Related research

Keywords: Government investment; infrastructure investment; fiscal federalism; transport infrastructure; fiscal position;

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Cited by:
  1. Stančík, Juraj & Välilä, Timo, 2010. "changes in the fiscal stance and the composition of public spending," Economic and Financial Reports 2010/2, European Investment Bank, Economics Department.
  2. Kappeler, Andreas & Solé-Ollé, Albert & Stephan, Andreas & Välilä, Timo, 2013. "Does fiscal decentralization foster regional investment in productive infrastructure?," European Journal of Political Economy, Elsevier, vol. 31(C), pages 15-25.
  3. Riscado, Sara Maria & Stančík, Juraj & Välilä, Timo, 2010. "Macro-fiscal volatility and the composition of public spending," Economic and Financial Reports 2010/3, European Investment Bank, Economics Department.
  4. Roy Bahl & Richard M. Bird, 2014. "Decentralization and Infrastructure: Principles and Practice," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1408, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  5. Lorena Viñuela, 2014. "Trends and Quality of Decentralized Public Investment," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1407, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  6. Hans Pitlik & Margit Schratzenstaller, 2011. "Growth Implications of Structure and Size of Public Sectors," WIFO Working Papers 404, WIFO.
  7. Inderst, Georg, 2013. "Private infrastructure finance and investment in Europe," EIB Working Papers 2013/02, European Investment Bank (EIB).
  8. Silvia Vignetti & Emanuela Sirtori, 2010. "Infrastructure investment opportunities in the New EU Member States: the role of regional policies," Working Papers 201003, Centre for Industrial Studies (CSIL).

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