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

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EIB Papers • Volume 13 • No1 • 2008 European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank Economic and Financial Studies 100, boulevard Konrad Adenauer L-2950 Luxembourg www.eib.org/efs © EIB – 07/2008 – EN QH-PA-13-001-EN-C ISSN 1830-3676
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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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While charging for the use of publi
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The link between user fees and the
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The choice of the social discount r
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Page 118 and 119: High GDP growth in the new member s
Page 120 and 121: Further productivity gains, includi
Page 122 and 123: Table 2. Business constraints perce
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Page 126 and 127: Where fiscal positions were sound,
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Page 130 and 131: Despite progress, infrastructure de
Page 132 and 133: Table 7. Infrastructure indicators
Page 134 and 135: EU funds provide additional resourc
Page 136 and 137: Various empirical studies confirm t
Page 138 and 139: In some new member states there is
Page 140 and 141: PPPs offer new opportunities to fin
Page 142 and 143: Strong legal and institutional fram
Page 144 and 145: Additional fiscal reporting - even
Page 146 and 147: Fiscal adjustment and reforms need
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