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| Author | : Thomas Laursen |
| Publisher | : World Bank Publications |
| Total Pages | : 50 |
| Release | : 2009-02-20 |
| Genre | : Business & Economics |
| ISBN | : 0821378953 |
Download Public Investment Management in the New EU Member States Book in PDF, ePub and Kindle
This paper describes the characteristics of public investment management (PIM) in seven EU countries as it applies to a single sector transport infrastructure. The report highlights some of the common challenges that four relatively new EU member states Poland, Slovakia, Slovenia, and Latvia face as they plan and execute their transport infrastructure projects. It recognizes the importance that EU-mandated processes and procedures have in shaping national systems in the new member states (NMS), but the report finds that actual practices often fall short of EU goals due to capacity constraints, weak institutional structures, and other factors. The experiences of the NMS are compared with those of more developed economies (namely Spain, the UK, and Ireland) to assess whether the later countries have faced similar challenges in managing public investment, and if so, what measures they have adopted to overcome them. This comparative analysis serves to draw out several good practice examples that are relevant for all countries. How those practices are applied in each country is a matter for further study, as each country considers its own political culture and administrative tradition. This paper is a first step toward building dialogue among public finance practitioners in Central and Eastern Europe on how to make public investment projects more effective and efficient over the long term.
| Author | : Thomas Laursen |
| Publisher | : |
| Total Pages | : |
| Release | : 2009 |
| Genre | : Electronic book |
| ISBN | : |
Download Public Investment Management in the New EU Member States Book in PDF, ePub and Kindle
| Author | : Massimo Florio |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 329 |
| Release | : 2011-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781849804776 |
Download Public Investment, Growth and Fiscal Constraints Book in PDF, ePub and Kindle
This book makes a unique contribution in advancing understanding of the fiscal condition and growth potential of the New Member States of the European Union. It provides new data, policy evaluation, and offers national and regional perspectives. The core research questions are the effect of public investment in the context of macroeconomic disequilibrium and how it is possible to finance capital accumulation in the present and future conditions of mounting public sector debt. The contributors reveal that there is now a convincing case for public investment as an essential driver of convergence and growth in Europe. However, a new international and inter-generational fiscal pact to frame a more optimistic view of the role of government is needed. This book explores how public investment matters for growth, how fiscal conditions may support investment, and the role EU regional policy can have in terms of structural change and investment needs. Public Investment, Growth and Fiscal Constraints provides new data analyses on the EU New Member States in Central and Eastern Europe making it an essential tool for academics, students and practitioners interested in public finance and European Economics. The structural and public finance issues in these former transition economies raised in this book will also strongly appeal to policymakers, officials and consultants. The book is based on an independent research project of the University of Milan, supported by the European Investment Bank.
| Author | : Floriana Cerniglia |
| Publisher | : Open Book Publishers |
| Total Pages | : 166 |
| Release | : 2020-06-12 |
| Genre | : Business & Economics |
| ISBN | : 1800640145 |
Download A European Public Investment Outlook Book in PDF, ePub and Kindle
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.
| Author | : Nina Budina |
| Publisher | : World Bank Publications |
| Total Pages | : 48 |
| Release | : 2007-01-01 |
| Genre | : Business & Economics |
| ISBN | : 0821371541 |
Download Public-private Partnerships in the New EU Member States Book in PDF, ePub and Kindle
Public-private partnerships (PPPs) are popular around the world, in part because they allow governments to secure much-needed investment in public services without immediately having to raise taxes or borrow. Yet, PPPs pose a fiscal danger because a government's desire to avoid reporting immediate liabilities may blind it to future fiscal costs and risks. Although PPPs may not blemish governments' reported fiscal statements in the short term, they do create fiscal obligations. This increases fiscal vulnerability and can result in poorly-designed PPPs. The extent of the danger depends on the fiscal institutions that shape and constrain government decisions toward PPPs. Such fiscal institutions affect decisionmaking incentives. Better fiscal institutions therefore can increase the chance that PPPs will be well designed and appropriately used.
| Author | : Alessandro Turrini |
| Publisher | : |
| Total Pages | : 50 |
| Release | : 2004 |
| Genre | : Budget |
| ISBN | : 9789289459679 |
Download Public Investment and the EU Fiscal Framework Book in PDF, ePub and Kindle
| Author | : Anil Ari |
| Publisher | : |
| Total Pages | : 123 |
| Release | : 2020-09-28 |
| Genre | : |
| ISBN | : 9781513550558 |
Download Infrastructure in Central, Eastern, and Southeastern Europe Book in PDF, ePub and Kindle
CESEE countries lag in terms of infrastructure compared to the EU15, and deficient infrastructure is often cited as a constraint to growth and convergence. Investing in infrastructure is therefore an important long-standing policy issue for the region. In the context of the Covid-19 pandemic, infrastructure investment has also gained some ground as economies look to support activity in the recovery phase once the virus has been contained. Against this backdrop, this project seeks to benchmark infrastructure in CESEE, assess the macro impact of higher infrastructure investment, and discuss policies issues to maximize such impact. First, we benchmark infrastructure in the region versus the EU15, across various infrastructure sectors and using different methodologies. Second, deploying empirical estimates and model-based simulations, we analyze the macroeconomic impact of boosting infrastructure investment. Third, we present an in-depth analysis of policy issues: enhancing public investment management, managing fiscal risks, and mobilizing private sector participation.
| Author | : La-Bhus Fah Jirasavetakul |
| Publisher | : International Monetary Fund |
| Total Pages | : 37 |
| Release | : 2018-08-21 |
| Genre | : Business & Economics |
| ISBN | : 1484373324 |
Download Foreign Direct Investment in New Member State of the EU and Western Balkans: Taking Stock and Assessing Prospects Book in PDF, ePub and Kindle
FDI has played a strong role in the export-led growth of eastern European countries that are now members of the European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets and cost efficiency. Over time, foreign investment has restructured the exports sector in these countries in favor of products that are considered more technology-intensive. As these countries face skills shortage and rising wages, what is needed for FDI to continue playing a strong role? Can the Western Balkan countries, who are not yet EU members and have in recent years stepped up financial incentives and policy initiatives to court investors, emulate the experience? This paper takes stock of the FDI experience of both these groups and tries to estimate their potential gains from additional policy efforts.
| Author | : Willem Molle |
| Publisher | : Routledge |
| Total Pages | : 489 |
| Release | : 2007-08-07 |
| Genre | : Business & Economics |
| ISBN | : 113407199X |
Download European Cohesion Policy Book in PDF, ePub and Kindle
The only comprehensive text available for advanced study and professional reference, this book brings much needed clarity to both the theoretical and practical aspects of EU intervention. Integrating both theoretical and practical research in a clear and accessible structure, covering economic, social and territorial issues European Cohesion Policy provides a systematic view of the various stages of the whole policy cycle, looking in detail at: the evolution of the problems the design of the policy system the implementation in practice the evaluation of effects . An authoritative analysis of the problems and debates involved, European Cohesion Policy is essential reading for students, policy makers, development workers and researchers working in all aspects of European policy.
| Author | : Anand Rajaram |
| Publisher | : World Bank Publications |
| Total Pages | : 203 |
| Release | : 2014-10-17 |
| Genre | : Business & Economics |
| ISBN | : 146480317X |
Download The Power of Public Investment Management Book in PDF, ePub and Kindle
Public resources, if invested well in public infrastructure and services, can unleash inclusive growth and development. This report provides a simple but comprehensive framework and global experience, to help policy makers adopt good functional principles in the design of institutions to strengthen public investment management.
