Artikel
Macro-fiscal policy challenges and public investment in new EU member states
Most new EU member states (NMS) need further fiscal adjustment to support economic growth and macroeconomic stability. In this context, achieving income convergence with other EU members rests more with maintaining productivity growth, attracting foreign savings, and improving investment efficiency than with increasing government spending (including for infrastructure). Additional institutional fiscal reforms, aimed at improving expenditure efficiency and facilitating private sector investment, will be needed to support these objectives. However, further fiscal adjustment and reforms do not necessarily need to depress public investment. New financing options for public investment - including from various EU funds and through public-private partnerships - can ease existing fiscal and macroeconomic constraints, but present both new opportunities and challenges that need to be handled carefully.
- Language
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Englisch
- Bibliographic citation
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Journal: EIB Papers ; ISSN: 0257-7755 ; Volume: 13 ; Year: 2008 ; Issue: 1 ; Pages: 114-149 ; Luxembourg: European Investment Bank (EIB)
- Classification
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Wirtschaft
- Subject
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Finanzpolitik
Öffentliche Investition
Infrastrukturinvestition
EU-Staaten (Osteuropa)
- Event
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Geistige Schöpfung
- (who)
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Schwartz, Gerd
Corbacho, Ana
Cui, Qiang
Ganelli, Giovanni
Manasse, Paolo
- Event
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Veröffentlichung
- (who)
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European Investment Bank (EIB)
- (where)
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Luxembourg
- (when)
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2008
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Schwartz, Gerd
- Corbacho, Ana
- Cui, Qiang
- Ganelli, Giovanni
- Manasse, Paolo
- European Investment Bank (EIB)
Time of origin
- 2008
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Fiscal Issues in the New EU Member Countries: Prospects and Challenges
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Fiscal deficit, macro-uncertainty, and growth in Argentina
Optimal fiscal policy of a monetary union member
Fiscal rules and public investment
Globalisation and linkages : macro-structural challenges and opportunities
Fiscal traps and macro policy after the eurozone crisis
Macro-fiscal volatility and the composition of public spending