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Caspar Schauhoff

1 April 2026
ECONOMIC BULLETIN - ARTICLE
Economic Bulletin Issue 2, 2026
Details
Abstract
The EU is faced with massive strategic public investment needs in an environment of limited fiscal space. Raising the spending efficiency of public investment, especially in countries with limited fiscal space, can ease the funding of the strategic investment needs while safeguarding debt sustainability. The article analyses the efficiency in public investment spending on transport infrastructure, which is the largest component of public investment across the EU, and finds substantial room for improvement.
JEL Code
H40 : Public Economics→Publicly Provided Goods→General
H54 : Public Economics→National Government Expenditures and Related Policies→Infrastructures, Other Public Investment and Capital Stock
H60 : Public Economics→National Budget, Deficit, and Debt→General