Book Series
- Open Reports Series vol. 9
- ISSN Print: 2399-6668
- ISSN Digital: 2399-6676
Copyright
Floriana Cerniglia; Francesco SaracenoPublished On
2020-06-12ISBN
Language
- English
Print Length
224 pages (xxii+202)Dimensions
Weight
Media
OCLC Number
1159173753BIC
- KFFM
- K
- 1QFE
BISAC
- BUS036000
- BUS032000
- BUS051000
Keywords
- state of public capital
- European countries
- public investment
- growth
- policy-making community
A European Public Investment Outlook
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
Endorsements
Even without the COVID-19 recession, the public sector role in generating investment, employment and growth would be a crucial question for economic policy. This volume brings fresh analysis to explain the importance of public investment, and the opportunities it offers. The editors should be praised for extending their attention well beyond standards to social investment as well as the ecological transition. The book will also be helpful for those who want to assess the added value of the European Union in the field of public investment.
László Andor
Secretary General, FEPS; Senior Fellow, Hertie School of Governance
Contents
Preface
(pp. ix–xii)- Franco Bassanini
- Alberto Quadrio Curzio
- Xavier Ragot
Introduction
(pp. 1–14)- Floriana Cerniglia
- Francesco Saraceno
1. Europe Needs More Public Investment
(pp. 17–32)- Rocco Luigi Bubbico
- Philipp-Bastian Brutscher
- Debora Revoltella
2. Public Investment and Capital in France
(pp. 33–48)- Mathieu Plane
- Francesco Saraceno
3. Public Investment in Germany: The Need for a Big Push
(pp. 49–62)- Sebastian Dullien
- Ekaterina JĂĽrgens
- Sebastian Watzka
- Floriana Cerniglia
- Federica Rossi
5. Trends and Patterns in Public Investment in Spain: A Medium- and Long-Run Perspective
(pp. 83–96)- José Villaverde
- Adolfo Maza
- Daniela Palma
- Alberto Silvani
- Alessandra Maria Stilo
7. Social Investment and Infrastructure
(pp. 115–134)- Anton Hemerijck
- Mariana Mazzucato
- Edoardo Reviglio
8. From Trans-European (Ten-T) to Trans-Global (Twn-T) Transport Infrastructure Networks. A Conceptual Framework
(pp. 135–160)- Paolo Costa
- Hercules Haralambides
- Roberto Roson
9. Ecological Transition
(pp. 161–174)- D’Maris Coffman
- Roberto Cardinale
- Jing Meng
- Zhifu Mi
10. Contemplative Studies of the 'Natural' World
(pp. 175–192)- Francesco Prota
- Gianfranco Viesti
- Mauro Bux
Contributors
Floriana Cerniglia
(editor)Floriana Cerniglia is Full Professor of Economics at UniversitĂ Cattolica del Sacro Cuore (Milan) and Director of CRANEC (Centro di Ricerche in Analisi economica e sviluppo economico internazionale) She is the Co-Editor-in-Chief of Economia Politica, Journal of Analytical and Institutional Economics. She received her PhD from the University of Warwick (UK) and her research interests are in Public Economics, mainly tax and spending assignment across government levels. She has published in leading international journals and she has coordinated and participated in a number of peer-reviewed research projects.
Francesco Saraceno
(editor)Francesco Saraceno is Deputy Department Director at OFCE, the Research Center in Economics of Sciences Po Paris. He holds PhDs in Economics from Columbia University and the Sapienza University of Rome. His research focuses on the relationship between inequality and macroeconomic performance and European macroeconomic policies. He has published in several international journals. In 2000–2002 he was member of the Council of Economic Advisors for the Italian Prime Minister's Office. He teaches international and European macroeconomics at Sciences Po, where he manages the Economics concentration of the Master of European Affairs and in Rome (Luiss). He is Academic Director of the SciencesPo-Northwestern European Affairs Program. He is member of Confindustria`s Scientific Committee, and of the Scientific Board for the LUISS School of European Political Economy. He is active in the institutional dialogue, and in the public debate, on the EU. He advises the International Labour Organization (ILO) on macroeconomic policies for employment.