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
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Citations: View citations in EconPapers (15)

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

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