Infrastructure finance in Europe: Composition, evolution and crisis impact
Abstract
This article is the first attempt to compile comprehensive data on infrastructure finance in Europe. We decompose infrastructure finance by institutional sector (i.e. public versus private) into its main components, which consist of traditional public procurement, project finance and finance by the corporate sector, and analyse how the roles of the public and private sectors in financing infrastructure have evolved over time, especially during the recent economic and financial crisis. In contrast with government finance that is slightly up, private finance, in particular project finance through Publi-Private Partnerships, has fallen substantially during the recent crisis, reversing, at least temporarily, the longer-term trend of more private and less public financing of infrastructure.Download Info
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Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 1/2010.Length: 24 pages
Date of creation: 17 Dec 2010
Date of revision:
Handle: RePEc:ris:eibpap:2010_001
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Related research
Keywords: Infrastructure investment; Public-Private Partnerships; Project finance; Crisis impact;Find related papers by JEL classification:
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-05 (All new papers)
- NEP-EUR-2011-02-05 (Microeconomic European Issues)
- NEP-PPM-2011-02-05 (Project, Program & Portfolio Management)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Luciano Greco, 2012. "Imperfect Bundling In Public-Private Partnerships," "Marco Fanno" Working Papers 0147, Dipartimento di Scienze Economiche "Marco Fanno".
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