EIB Papers Volume 13. n°1/2008 - European Investment Bank

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154 Volume13 N°1 2008 EIB PAPERS EIB Papers 2004 – 2005 Volume 10, Number 2, 2005: Innovative financing of infrastructure - the role of public- private partnerships: lessons from the early movers Armin Riess, “Is the PPP model applicable across sectors?” Paul A. Grout, “Value-for-money measurement in public-private partnerships” Patricia Leahy, “Lessons from the Private Finance Initiative in the United Kingdom” Rui Sousa Monteiro, “Public-private partnerships: some lessons from Portugal” Andreas Brenck, Thorsten Beckers, Maria Heinrich, Christian von Hirschhausen, “Public-private partnerships in new EU member countries of Central and Eastern Europe” Campbell Thomson, “Public-private partnerships: prerequisites for prime performance” Volume 10, Number 1, 2005: Innovative financing of infrastructure - the role of public- private partnerships: infrastructure, economic growth, and the economics of PPPs Timo Välilä, Tomasz Kozluk, & Aaron Mehrotra, “Roads on a downhill? Trends in EU infrastructure investment” Ward Romp & Jakob de Haan, “Public capital and economic growth: a critical survey” Christophe Kamps, “Is there a lack of public capital in the European Union?” Timo Välilä, “How expensive are cost savings? On the economics of public-private partnerships” Mathias Dewatripont & Patrick Legros, “Public-private partnerships: contract design and risk transfer” Volume 9, Number 2, 2004: The internationalisation of production in Europe: Case studies of foreign direct investment in old and new EU members Frank Barry, “Export-platform FDI: the Irish experience” Thierry Mayer, “Where do foreign firms locate in France and why?” Magdolna Sass, “FDI in Hungary: the first mover’s advantage and disadvantage” Gábor Hunya, “FDI in small accession countries: the Baltic states” Volume 9, Number 1, 2004: The internationalisation of production in Europe: Causes and effects of foreign direct investment and non-equity forms of international production Armin Riess & Kristian Uppenberg, “The internationalisation of production: moving plants, products, and people” Zbigniew Zimny, “Long-term trends in international production” Kristian Uppenberg & Armin Riess, “Determinants and growth effects of foreign direct investment” Jozef Konings, “The employment effects of foreign direct investment” Ari Kokko & Patrik Gustavsson, “Regional integration, FDI, and regional development” The above publications are available free of charge from: European Investment Bank Economic and Financial Studies 100, boulevard Konrad Adenauer L-2950 Luxembourg U infoefs@eib.org 3 (+352) 43 79 - 88605 5 (+352) 43 79 - 68895 www.eib.org/efs
EIB Papers 2002 – 2003 Volume 8, Number 2, 2003: Europe’s changing financial landscape: The financing of small and medium-sized enterprises Rien Wagenvoort, “SME finance in Europe: introduction and overview”. Rien Wagenvoort, “Are finance contraints hindering the growth of SMEs in Europe?”. Ulrich Hommel & Hilmar Schneider, “Financing the German Mittlelstand”. Michel Dietsch, “Financing small business in France”. Luigi Guiso, “Small business finance in Italy”. Volume 8, Number 1, 2003: Europe’s changing financial landscape: Recent developments and prospects Eric Perée & Armin Riess, “The transformation of finance in Europe: introduction and overview”. Thorsten Beck, “Stock markets, banks, and economic development: theory and evidence”. Graham Bishop, “The role and development of EU capital markets”. E. Philip Davis, “Institutional investors, financial market efficiency, and financial stability”. Arnoud Boot, “Restructuring in the banking industry with implications for Europe”. Volume 7, Number 2, 2002: The financial integration of an enlarged EU: Macroeconomic interlinkages Robert A. Feldman & Nancy Wagner, “The financial sector, macroeconomic policy and performance”. Paul De Grauwe & Marianna Grimaldi, “Exchange rate regimes and financial vulnerability”. Willem Buiter & Clemes Grafe, “Anchor, float or abandon ship: exchange rate regimes for the Accession countries”. Volume 7, Number 1, 2002: The financial integration of an enlarged EU: Banking and capital markets Armin Riess, Rien Wagenvoort & Peter Zajc, “Practice makes perfect: A review of banking in Central and Eastern Europe”. Dana Hájková, Jan Hanousek & Libor Němeček, “The Czech Republic’s banking sector: Emerging from turbulent times”. Éva Várhegyi, “Hungary’s banking sector: Achievements and challenges”. Peter Zajc, “Slovenian banks a decade later”. Erich Hampel, “Successful banking in an enlarged EU”. Jens Köke & Michael Schröder, “The future of Eastern European capital markets”. The above publications are available free of charge from: European Investment Bank Economic and Financial Studies 100, boulevard Konrad Adenauer L-2950 Luxembourg U infoefs@eib.org 3 (+352) 43 79 - 88605 5 (+352) 43 79 - 68895 www.eib.org/efs EIB PAPERS Volume13 N°1 2008 155
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EIB Papers • Volume 13 • No1
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Volume 13 • No1 • 2008 EIB Pape
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Preface This year the European Inve
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Infrastructure investment, growth a
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Government investment is not the sa
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Different types of government inves
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Infrastructure accounts for one-thi
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A common feature for the new member
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The share of transport in governmen
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The proxies are subject to caveats.
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The shares of infrastructure and ho
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There have been marked differences
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Government transport investment has
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Transport and other infrastructure
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References 54 Volume13 N°1 2008 EI
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In some countries a shock to public
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The analysis accounts for long-run
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Table 1. Some VAR studies (publishe
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The ratio of private capital to GDP
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Denmark 68 Volume13 N°1 2008 EIB P
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There is no systematic pattern for
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High variability of the public-capi
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Has the impact of public capital on
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Productivity of public capital incr
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The impact of public capital on out
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References 80 Volume13 N°1 2008 EI
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The economic cost of public funds c
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Most taxes are distortionary in tha
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The excess burden of taxation is du
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While distorting taxes lead to a we
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The modified approach suggests that
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As the economic cost of public fund
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Recent cost-of-funds estimates acco
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EIB Papers Volume 13. n°1/2008 - European Investment Bank

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