European Public Investment Outlook / edited by Floriana Cerniglia, Francesco Saraceno.

Format:

Book

Contributor:

Cerniglia, Floriana, editor.

Saraceno, Francesco, editor.

Series:

Open Reports series ; v. 9.

Open Reports series, ; v. 9

Language:

English

Subjects (All):

COVID-19 (Disease)--Economic aspects.

COVID-19 (Disease).

Physical Description:

1 online resource (viii, 198 pages) : illustrations.

Place of Publication:

Cambridge, UK : Open Book Publishers, 2020.

Summary:

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.

Contents:

Intro

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

2. Public Investment and Capital in France

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

3. Public Investment in Germany: The Need for a Big Push

3.1. The German Public Capital Stock

3.2. Quantifying Investment Needs 3.3. Macroeconomic Implications of a Public Investment Program in Germany

Conclusion

4. Public Investment Trends across Levels of Government in Italy

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

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

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

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.

Notes:

Includes bibliographical references.

Description based on publisher supplied metadata and other sources.