Infrastructure investment in Europe and international competitiveness

Debora Revoltella, Philipp-Bastian Brutscher, Alexandra Tsiotras and Christoph Weiss

No 2016/01, EIB Working Papers from European Investment Bank (EIB)

Abstract: Infrastructure investment in Europe has been adversely affected by the economic crisis, undermining both the immediate recovery and longer-term growth potential. This paper discusses recent trends before focusing on how transport infrastructure - arguably the hardest hit sector during the crisis - contributes to regional growth. It shows that firms in regions with a more developed transport network are better placed to benefit from positive growth opportunities than firms in other regions. This advantage is most pronounced in times of economic stress, making a good transport infrastructure a key ingredient for economic recovery. This indicates one channel through which the activities of the EIB can foster growth and enhance competitiveness in Europe.

Date: 2016
New Economics Papers: this item is included in nep-tre and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:eibwps:201601

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