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La realizzazione del Piano di Investimenti per l'Europa

Aurelio Bruzzo

No 2018077, Working Papers from University of Ferrara, Department of Economics

Abstract: The Investment Plan for Europe - which is known as the Juncker Plan and is aimed at European economic recovery – is estimated to provide a relatively large amount of financial resources for SMEs and different areas of public infrastructure. This estimate was based on a high value of the multiplier that was forecasted and applied to the guarantees of the approved projects. At the end of the first period (2015-2017), it was considered appropriate to review some of the international scientific literature on this Plan, in order to analyse if the results achieved up until that point coincide with its initial objectives. The main outcome of this analysis - in contrast to the success attributed to the Plan by the European Commission - is that verification is substantially unattainable, since even the quantitative results thus far disseminated for the Juncker Plan have been obtained by estimates, which have never been illustrated in a comprehensive manner.

Keywords: Public investments; private financing; sectoral industrial policy; infrastructure and SMEs; technological innovation. (search for similar items in EconPapers)
JEL-codes: G23 H32 H50 H54 L52 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2018-08-30
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