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https://doi.org/10.3326/pse.42.2.6

Importance of public investment for economic growth in the European Union

Manica Hauptman ; Economic Counsellor and European Semester Officer, European Commission Representation in the Republic of Croatia, Zagreb, Croatia

Puni tekst: engleski, pdf (287 KB) str. 131-137 preuzimanja: 247* citiraj
APA 6th Edition
Hauptman, M. (2018). Importance of public investment for economic growth in the European Union. Public Sector Economics, 42 (2), 131-137. https://doi.org/10.3326/pse.42.2.6
MLA 8th Edition
Hauptman, Manica. "Importance of public investment for economic growth in the European Union." Public Sector Economics, vol. 42, br. 2, 2018, str. 131-137. https://doi.org/10.3326/pse.42.2.6. Citirano 22.09.2020.
Chicago 17th Edition
Hauptman, Manica. "Importance of public investment for economic growth in the European Union." Public Sector Economics 42, br. 2 (2018): 131-137. https://doi.org/10.3326/pse.42.2.6
Harvard
Hauptman, M. (2018). 'Importance of public investment for economic growth in the European Union', Public Sector Economics, 42(2), str. 131-137. https://doi.org/10.3326/pse.42.2.6
Vancouver
Hauptman M. Importance of public investment for economic growth in the European Union. Public Sector Economics [Internet]. 2018 [pristupljeno 22.09.2020.];42(2):131-137. https://doi.org/10.3326/pse.42.2.6
IEEE
M. Hauptman, "Importance of public investment for economic growth in the European Union", Public Sector Economics, vol.42, br. 2, str. 131-137, 2018. [Online]. https://doi.org/10.3326/pse.42.2.6

Sažetak
The economy of the European Union has been recovering steadily from the recent financial crisis, with economic growth returned to all EU member states. Unemployment is at its lowest in nine years, employment rates are growing and longterm and youth unemployment has been declining. Public finances have improved significantly and investment is slowly recovering (European Commission, 2017a:1). Nevertheless, there is some remaining slack in the labour market and, together with slow productivity growth, it obstructs wage dynamics and dampens inflation (European Commission, 2017b:1). Despite the return of more favourable financing conditions, investment has not reached its pre-crisis level and there is still significant potential remaining; the same goes for unemployment.

Some of the EU policy initiatives supporting national and EU public investment have already shown concrete and positive results in terms of increase in investment projects, as well as in terms of the participation of private capital in financial structures also supported by public money. It is important to keep the momentum going and mostly to give enough technical support to every member state to create and manage its own strong project pipeline. The latter together with the supportive regulatory environment remains the key, since the success of any, including of course public, investment depends on the success of the projects it supports.

Hrčak ID: 200987

URI
https://hrcak.srce.hr/200987

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