UID:
almafu_9961125494702883
Format:
1 online resource (viii, 198 pages) :
,
illustrations
Content:
"This outlook provides a focused assessment of the state of public capital in the major European countries and identifies areas where public investment could contribute more to stable and sustainable growth. A European Public Investment Outlook brings together contributions from a range of international authors from diverse intellectual and professional backgrounds, providing a valuable resource for the policy-making community in Europe to feed their discussion on public investment. The volume both offers sector-specific advice and highlights larger areas which should be prioritized in the policy debate (from transport to social capital, R&D and the environment). The outlook is structured into two parts: the chapters of Part I respectively explore public investment trends in France, Germany, Italy, Spain and Europe as a whole, and illuminate how the legacy of the 2008 Global Financial Crisis is one of insufficient public investment. Part II investigates some areas into which resources could be channelled to reverse the recent trend and provide European economies with an adequate public capital stock. The essays in this outlook collectively foster a broad approach to and definition of public investment, that is today more relevant than ever. Offering up a timely and clear case for the elimination of bias against investment in European fiscal rules, this outlook is a welcome contribution to the European debate, aimed both at policy makers and general readers".
Note:
ntro -- Contents -- Preface -- Acknowledgements -- Author Biographies -- Introduction -- References -- Part I -- Outlook -- 1. Europe Needs More Public Investment -- 1.1. Recent Public Investment Trends in Europe -- 1.2. Infrastructure Has Declined Substantially -- 1.3. How to Support More Infrastructure Investment -- 1.4. Policy Implications -- References -- 2. Public Investment and Capital in France -- Introduction -- 2.1. The Net Wealth of Public Administrations -- 2.2. Evolution of Public Non-Financial Assets -- 2.2.1. The value of fixed assets remained constant 2.3. The Dynamics of Gross Investment -- 2.4. Net Flows of Fixed Assets Give Another (and Different) Picture -- 2.4.1. Since 2009, debt has not been used to finance an accumulation of assets -- 2.5. Assessing the Impact of an Investment Push in France -- 2.5.1. A quantification of investment needs for France -- 2.5.2. The macroeconomic impact of an investment shock -- 2.6 Conclusion -- References -- 3. Public Investment in Germany: The Need for a Big Push -- Introduction -- 3.1. The German Public Capital Stock -- 3.2. Quantifying Investment Needs 3.3. Macroeconomic Implications of a Public Investment Program in Germany -- Conclusion -- References -- 4. Public Investment Trends across Levels of Government in Italy -- Introduction -- 4.1. Public Investment in Italy -- 4.1.1. Public investments across regions -- 4.2. 2018, 2019 and 2020 Budgets: The Financial Resources for Public Investments -- 4.3. Conclusions and Some Policy Prescriptions -- References -- 5. Trends and Patterns in Public Investment in Spain: A Medium- and Long-Run Perspective -- Introduction 5.1. Trends and Patterns of Public Investment in Spain in the EU Context, 2000-2017 -- 5.2. Public Investment and Public Capital in Spain: A Long-Term Perspective -- 5.3. Conclusions -- References -- Part II -- Challenges -- 6. In Search of a Strategy for Public Investment in Research and Innovation -- Introduction and Main Points at Issue -- 6.1. The EU in Depth -- 6.2. Public Investment -- 6.3. Final Remarks and Policy Considerations -- References -- 7. Social Investment and Infrastructure -- Introduction: The Welfare Lesson from the Great Recession 7.1. The Social Investment Life-Course Multiplier Effect -- 7.2. A Golden Social Investment Rule in the Stability and Growth Pact -- 7.3. A New Deal for Social Europe: Boosting Social Infrastructure -- 7.4. How to Invest in Social Infrastructure to Fill the Gap? The Creation of a European Fund for Social Infrastructure -- 7.5. Firms or Markets in Infrastructure Financing -- 7.6. The Role of State Investment Banks (SIBs) in Financing Social Infrastructure in the European Union -- 7.7. The Concept of "Public Value" and the Role of Social Action.
Additional Edition:
ISBN 1-80064-016-1
Language:
English
