Board Room, European Investment Bank, 100, boulevard Konrad Adenauer
Luxembourg, Luxembourg

Economic and Financial Studies (EFS) supports the Bank's strategic decision-making through targeted research in economics and finance. EFS also participates in international fora and maintains liaison with counterparts in other international organisations.

The June 2008 EIB Conference on Economics and Finance will discuss Infrastructure Investment, Growth and Cohesion. The papers presented at the conference will be published in volume 13 (2008) of the EIB Papers.


Time Programme
8:00 Registration and coffee
8:30 Opening address

Philippe Maystadt (President of the EIB)

Session 1: Public/Infrastructure investment in economic perspective
1. Composition of public investment
Timo Välilä (Economic & Financial Studies, EIB)
2. Public investment and growth: Has the productivity of public investment changed over time in Europe?
Jakob de Haan (University of Groningen, the Netherlands)
3. Opportunity cost of public funds in infrastructure investment
Armin Riess (Economic & Financial Studies, EIB)
10:15-10:45 Coffee break
Session 2: Infrastructure and regional cohesion
4. Infrastructure and economic geography: Overview of theory and evidence
Gianmarco Ottaviano (University of Bologna, Italy)
5. Determinants and productivity of regional transport investment in Europe
Andreas Stephan (Jönköping International Business School, Sweden)
6. Infrastructure endowment and investment as determinants of regional growth in the EU
Andrés Rodriguez-Pose (London School of Economics)
13:00–14:30 Lunch break
Session 3: Infrastructure, real convergence and European integration
7. Fiscal policy and public investment in New EU Member States
Gerd Schwartz (International Monetary Fund, Washington)
8. Spatial implications of infrastructure improvement in New Member States
Somik Lall (World Bank, Washington)
9. Economics of cross-border infrastructure projects
Diego Puga (IMEDA, Madrid)
16:45 Concluding comments
Eric Perée(Economic & Financial Studies, EIB)