Structural investment needs in CESEE and the use of EU funds

Rocc L. Bubbico, Miroslav Kollar and Tomáš Slacík ()
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Tomáš Slacík: Oesterreichische Nationalbank, Foreign Research Division

Focus on European Economic Integration, 2018, issue Q3-18, 87-101

Abstract: Investment recovery in Central, Eastern and Southeastern Europe (CESEE) as well as in Europe as a whole is gaining steam. Hence, despite measurement challenges, there seems to be a broad consensus that there is currently no cyclical quantitative investment gap that would need to be addressed. However, there is tangible evidence suggesting that there are significant structural investment needs, particularly with regard to the quality of capital. Against this background, the aim of the present paper is twofold. First, we shed some light on the thematic areas in which structural investment needs persist by collecting and exploring a large set of strategic indicators. Second, we compare these structural investment needs with the structure of the European Structural and Investment Funds (ESIF) in the 2007–2013 programming period. This gives us some insights into whether the ESIF were directed to areas with the greatest investment needs and offers some tentative suggestions regarding the impact the ESIF had on the respective structural areas and as to the efficient use of the ESIF.

Keywords: European Structural and Investment Funds; investment gap; structural investment needs (search for similar items in EconPapers)
JEL-codes: F33 F36 F42 F45 F55 O11 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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