Contribution of investments to a competitive Europe Opportunities and restrictions Laura van Geest director CPB Netherlands Bureau for Economic Policy Analysis
Sluggish Growth IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Investment suffered a severe blow Fig 2.1 IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Different dynamics in investment rates IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Decline mainly due to business and housing investment IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
R&D investments relatively spared IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Private Investment: Quo Vadis? IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Public Investment IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Beyond Investment IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
One Size Fits All? ONEMORE ≡ BETTER? IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Expenditures on transport infrastructure in %GDP IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Transport infrastructure of excellent quality IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Annual expenditure on public and private education 50 45 40 35 30 25 20 15 10 5 0 RO TR NO SK BG IT LI CZ EE DE NL LT FI FR EU BE SE ES PL AT UK USA DK SI CY MT IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Pisa Scores Math 540 520 500 480 460 440 420 400 TR EH HU SE US SK ES IT PT NO LUX UK OECD FR CZ DK SI IE AUS AT DE BE PL FI NL CH IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Some Obstacles to Overcome in Short Term IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
There is more to enhancing growth… • Investment is just one of them • Other ingredients: – Innovation and education (partly by means of investment) – Structural reforms: › Labour and housing market › Pension systems › Product markets – Demography – … IPC SECG, European parliament, Brussels CPB Netherlands Bureau for Economic Policy Analysis 17 February 2016
Recommend
More recommend