The Great Reset: 2021 European Public Investment Outlook - cover image

Book Series

Copyright

Floriana Cerniglia; Francesco Saraceno; Andrew Watt;

Published On

2021-11-26

ISBN

Paperback978-1-80064-350-5
Hardback978-1-80064-351-2
PDF978-1-80064-352-9
HTML978-1-80064-665-0
XML978-1-80064-355-0
EPUB978-1-80064-353-6
MOBI978-1-80064-354-3

Language

  • English

Print Length

258 pages (xxviii+230)

Dimensions

Paperback178 x 18 x 254 mm(7" x 0.71" x 10")
Hardback178 x 22 x 254 mm(7" x 0.88" x 10")

Weight

Paperback1353g (47.73oz)
Hardback1830g (64.55oz)

Media

Illustrations67
Tables23

OCLC Number

1289367449

LCCN

2021386024

BIC

  • KFFM
  • K
  • 1QFE

BISAC

  • BUS036000
  • BUS032000
  • BUS051000

LCC

  • RA644.C67

Keywords

  • public investment
  • Europe
  • European governments
  • COVID-19 recession
  • sustainable Europe
  • climate change
  • human capital formation
  • NextGenerationEU
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The Great Reset

2021 European Public Investment Outlook

This timely and insightful collection of essays written by economists from a range of academic and policy institutes explores the subject of public investment through two avenues. The first examines public investment trends and needs in Europe, addressing the initiatives taken by European governments to tackle the COVID-19 recession and to rebuild their economies. The second identifies key domains where European public investment is needed to build a more sustainable Europe, from climate change to human capital formation.

Building on the 2020 edition, The Great Reset demonstrates the value of public capital both within European countries and as a European public good, shedding light on the impact that the NextGenerationEU’s Recovery and Resilience Facility will likely have on the macroeconomic structure of the European economy. The first part of the Outlook assesses the state of public investment in Europe at large, as well as focusing on five countries (France, Germany, Italy, Poland and Spain) as case studies. The second part focuses on the challenges posed by the pandemic and the pillars of the NextGenerationEU investment plan, with chapters ranging from education and digitalization, to territorial cohesion and green transition.

This book is a must-read for economists, policymakers, and scholars interested in the impact and recovery of European countries during a time of extensive uncertainty.

Endorsements

When if not now should Europe turn up the volume on government investment in order to deliver a just transition to a sustainable economy as well as resilient public services to all? This volume explains the rationale behind such policies together with the need to reform the EU economic architecture, starting with the fiscal rules. Readers are well served here with thorough country studies followed by fascinating sectoral analyses of investment needs and strategies from health to energy and territorial cohesion.

Laszlo Andor

Secretary General Foundation for European progressive Studies, former European Commissioner for Employment and Social Affairs

Additional Resources

[article]Deutschland muss klotzen

Seite 5. Katja Rietzler, Andrew Watt: Public Investment in Germany: Much More Needs to Be Done, in: Floriana Cerniglio, Francesco Saraceno, Andrew Watt (Hrsg.): The Great Reset, European Public Investment Outlook 2021, Cambridge, Open Book Publishers, November 2021

[article]Investieren für den Neustart

Seite 5. Andrea Brasili u.a.: Public Investment in the Pandemic – Europe at a Glance, in: Floriana Cerniglio, Francesco Saraceno, Andrew Watt (Hrsg.): The Great Reset, European Public Investment Outlook 2021, Cambridge, Open Book Publishers, November 2021

Contents

1. Public Investment in the Pandemic—Europe at a Glance

(pp. 17–32)
  • Jochen Schanz
  • Andrea Brasili
  • Atanas Kolev
  • Debora Revoltella
https://doi.org/10.11647/obp.0280.01

2. From Fiscal Consolidation to the Plan de relance: Investment Trends in France

(pp. 33–46)
  • Mathieu Plane
  • Francesco Saraceno
https://doi.org/10.11647/obp.0280.02

3. Public Investment in Germany: Much More Needs to Be Done

(pp. 47–62)
  • Katja Rietzler
  • Andrew Watt
https://doi.org/10.11647/obp.0280.03

4. Relaunching Public Investment in Italy

(pp. 63–78)
  • Giovanni Barbieri
  • Floriana Cerniglia
https://doi.org/10.11647/obp.0280.04

5. Public Investment in Poland

(pp. 79–92)
  • Adam Czerniak
  • Sebastian Płóciennik
https://doi.org/10.11647/obp.0280.05

6. Trends and Patterns in Public Investment in Spain: An Update

(pp. 93–104)
  • José Villaverde
  • Adolfo Maza
https://doi.org/10.11647/obp.0280.06

7. Crowding In-Out of Public Investment

(pp. 107–126)
  • Luigi Durand
  • Raphael Espinoza
  • William Gbohoui
  • Mouhamadou Sy
https://doi.org/10.11647/obp.0280.07

8. Investing in Health

(pp. 127–138)
  • Pierre-Yves Geoffard
https://doi.org/10.11647/obp.0280.08

9. Education, Human Capital, and Social Cohesion

(pp. 139–156)
  • Lieve Fransen
  • Romano Prodi
  • Edoardo Reviglio
https://doi.org/10.11647/obp.0280.09

10. COVID-19 and the Corporate Digital Divide

(pp. 157–172)
  • Désirée Rückert
  • Reinhilde Veugelers
  • Antilia Virginie
  • Christoph Weiss
https://doi.org/10.11647/obp.0280.10

11. EU Investment in Energy Supply for Europe

(pp. 173–184)
  • Carlo Jaeger
  • Diana Mangalagiu
  • Jonas Teitge
https://doi.org/10.11647/obp.0280.11

12. Environmental Impact Evaluation of a European High-Speed Railway Network along the “European Silk Road”

(pp. 185–202)
  • Maximilian Zangl
  • Katharina Weber
  • Muhammad Usman Zahid
  • Mario Holzner
https://doi.org/10.11647/obp.0280.12

13. Cohesion Policy and Public Investment in the EU

(pp. 203–214)
  • Giuseppe Coco
  • Raffaele Lagravinese
https://doi.org/10.11647/obp.0280.13

Preface

(pp. xxv–xxviii)
  • Sebastian Dullien
  • Xavier Ragot
  • Franco Bassanini
  • Alberto Quadrio Curzio
https://doi.org/10.11647/obp.0280.14

Introduction

(pp. 1–14)
  • Floriana Cerniglia
  • Francesco Saraceno
  • Andrew Watt
https://doi.org/10.11647/obp.0280.15

Contributors

Floriana Cerniglia

(editor)
Full Professor of Economics at Università Cattolica del Sacro Cuore

Francesco Saraceno

(editor)
Deputy Department Director at OFCE, the Research Center in Economics at Sciences Po, Paris

Andrew Watt

(editor)
Head of the European Economic Policy Unit at the Macroeconomic Policy Institute (IMK) at Hans-Böckler Foundation