CPB Netherlands Bureau for Economic Policy Analysis
investments to a competitive Europe Opportunities and restrictions - - PowerPoint PPT Presentation
investments to a competitive Europe Opportunities and restrictions - - PowerPoint PPT Presentation
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
CPB Netherlands Bureau for Economic Policy Analysis
Sluggish Growth
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Investment suffered a severe blow
Fig 2.1
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Different dynamics in investment rates
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Decline mainly due to business and housing investment
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
R&D investments relatively spared
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Private Investment: Quo Vadis?
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Public Investment
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Beyond Investment
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
One Size Fits All?
ONEMORE ≡ BETTER?
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Expenditures on transport infrastructure in %GDP
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Transport infrastructure of excellent quality
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Annual expenditure on public and private education
5 10 15 20 25 30 35 40 45 50 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 17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Pisa Scores Math
400 420 440 460 480 500 520 540 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 17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
Some Obstacles to Overcome in Short Term
17 February 2016 IPC SECG, European parliament, Brussels
CPB Netherlands Bureau for Economic Policy Analysis
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 – …
17 February 2016 IPC SECG, European parliament, Brussels