Roads on a downhill? Trends in EU infrastructure investment

Timo Valila, Tomasz Kozluk and Aaron Mehrotra

No 1/2005, EIB Papers from European Investment Bank, Economics Department

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.

Keywords: infrastructure investment; public capital (search for similar items in EconPapers)
JEL-codes: E62 H54 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2005-06-06
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.eib.org/attachments/efs/eibpapers/eibpa ... 0_n01_en.pdf#page=20 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:eibpap:2005_001

Access Statistics for this paper

More papers in EIB Papers from European Investment Bank, Economics Department Contact information at EDIRC.
Bibliographic data for series maintained by Polyxeni Kanelliadou (p.kanelliadou@eib.org).