Composition of government investment in Europe: Some forensic evidence

Juan Gonzalez Alegre (), Andreas Kappeler, Atanas Kolev () and Timo Valila
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Juan Gonzalez Alegre: European University Institute
Atanas Kolev: European Investment Bank, Economic and Financial Studies
Authors registered in the RePEc Author Service: Juan Gonzalez-Alegre

No 2/2008, EIB Papers from European Investment Bank, Economics Department

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.

Keywords: Government investment; infrastructure investment; fiscal federalism; transport infrastructure; fiscal position (search for similar items in EconPapers)
JEL-codes: H54 H62 H77 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2008-07-18
New Economics Papers: this item is included in nep-eec and nep-pbe
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:eibpap:2008_002

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