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Investment Gaps
and Competitiveness
Thomas C. Barrett
European Investment Bank
23/03/2015 European Investment Bank Group 2
OECD, Paris 23rd March 2015
23/03/2015 European Investment Bank Group 3
Evolution of GFCF in the EU, US and Japan
Note: Gross Fixed Capital Formation. Index average 2008 = 100. Source: Eurostat, OECD.
23/03/2015 European Investment Bank Group 4
Real infrastructure investment
23/03/2015 European Investment Bank Group 5
GDP per capita, market capitalisation and investment in intangible assets
(2006-2010)
Source: INTAN-Invest, AMECO and Eurostat.
23/03/2015 European Investment Bank Group 6
Evolution of business and higher education R&D intensities in selected countries
23/03/2015 European Investment Bank Group 7
Gross EU savings and net foreign funding (EUR bn)
Source: AMECO.
23/03/2015 European Investment Bank Group 8
Many EU economies lag in efficiency at allocating resources to high productivity firms
Note: Allocative efficiency 2005-2011, selected EU countries. Allocative efficiency estimates how much activity is concentrated
in high productivity firms. Estimate for the US is 0.6. EIB calculations based on Bureau van Dijk: Orbis.
23/03/2015 European Investment Bank Group 9
EU’s potential growth rate remains depressed
Note: growth rate (%) of potential GDP (estimate of GDP with labour and capital stock fully utilised, reflecting underlying productivity). Source: European Commission.
23/03/2015 European Investment Bank Group 10
How big are Europe’s investment gaps? Comparing annual EU investment levels with what would be necessary to reach EU targets and the pace-setting standards
set by key trade partners gives an indication of the scale of the challenge:
23/03/2015 European Investment Bank Group 11
Many EU economies lag in efficiency at allocating resources to high productivity firms
Note: Allocative efficiency 2005-2011, selected EU countries. Allocative efficiency estimates how much activity is concentrated
in high productivity firms. Estimate for the US is 0.6. EIB calculations based on Bureau van Dijk: Orbis.
Contact Details
23/03/2015 European Investment Bank Group 12
Chris Blades
Head of Division
EPEC European PPP Expertise Centre
Phone: (+352) 4379 88538
Fax: (+352) 4379 58538
email: [email protected]
European Investment Bank
100, boulevard Konrad Adenauer
L-2950 Luxembourg
Guy Chetrit
Principal Advisor
EPEC European PPP Expertise Centre
Phone: (+352) 4379 84047
Fax: (+352) 4379 54047
email: [email protected]
European Investment Bank
100, boulevard Konrad Adenauer
L-2950 Luxembourg
Thomas C. Barrett
Director and Chief Representative
European Investment Bank
Minister of the European Union Delegation to the United States
Washington, D.C.
