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Edited by Floriana Cerniglia and Francesco Saraceno, this outlook examines public investment in Europe through country studies and wider economic analysis. The contributors consider what governments invest in, how such expenditure is financed and how institutions influence investment decisions.
The essays connect public capital with fiscal rules, economic development and the capacity to meet long-term needs. Different national experiences provide points of comparison for arguments about the place of investment in public policy. Published in 2020, the collection forms a distinct annual outlook, with its own data and chapters rather than an unchanged reprint of a later volume.