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: c.blades@eib.org
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: g.chetrit@eib.org
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.
t.barrett@eib.org

Investment gaps and competitiveness - Thomas Barrett, European Investment Bank

  • 2.
    Investment Gaps and Competitiveness ThomasC. Barrett European Investment Bank 23/03/2015 European Investment Bank Group 2 OECD, Paris 23rd March 2015
  • 3.
    23/03/2015 European InvestmentBank Group 3 Evolution of GFCF in the EU, US and Japan Note: Gross Fixed Capital Formation. Index average 2008 = 100. Source: Eurostat, OECD.
  • 4.
    23/03/2015 European InvestmentBank Group 4 Real infrastructure investment
  • 5.
    23/03/2015 European InvestmentBank Group 5 GDP per capita, market capitalisation and investment in intangible assets (2006-2010) Source: INTAN-Invest, AMECO and Eurostat.
  • 6.
    23/03/2015 European InvestmentBank Group 6 Evolution of business and higher education R&D intensities in selected countries
  • 7.
    23/03/2015 European InvestmentBank Group 7 Gross EU savings and net foreign funding (EUR bn) Source: AMECO.
  • 8.
    23/03/2015 European InvestmentBank 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.
  • 9.
    23/03/2015 European InvestmentBank 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.
  • 10.
    23/03/2015 European InvestmentBank 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:
  • 11.
    23/03/2015 European InvestmentBank 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.
  • 12.
    Contact Details 23/03/2015 EuropeanInvestment Bank Group 12 Chris Blades Head of Division EPEC European PPP Expertise Centre Phone: (+352) 4379 88538 Fax: (+352) 4379 58538 email: c.blades@eib.org 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: g.chetrit@eib.org 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. t.barrett@eib.org