1887

OECD Regional Development Papers

Papers from the Centre for Entrepreneurship, SMEs, Regions and Cities of the OECD cover a full range of topics including regional statistics and analysis, urban governance and economics, rural governance and economics, and multi-level governance. Depending on the programme of work, the papers can cover specific topics such as regional innovation and networks, sustainable development, the determinants of regional growth or fiscal consolidation at the subnational level.

English

Making the most of public investment to address regional inequalities, megatrends and future shocks

Public investment is a key policy lever to tackle the big challenges faced by society – climate change, demographic trends, digitalisation, and economic and other shocks. Investment helps to lay the foundations for future economic prosperity and well-being in our cities and regions. It can also help to reduce inequalities, adapt places to megatrends, enhance resilience and mitigate the impact of shocks. As we emerge from the COVID-19 crisis, and already face a new crisis following Russia’s large scale aggression against Ukraine, existing commitments of public investment to support the recovery provide an important opportunity to address current and future challenges. Rising to this occasion calls for effective public investment by all levels of government.

English Also available in: French

Keywords: regional inequalities, multi-level governance, regions, infrastructure, megatrends, public investment
JEL: H54: Public Economics / National Government Expenditures and Related Policies / National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock; Q58: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics / Environmental Economics: Government Policy; J11: Labor and Demographic Economics / Demographic Economics / Demographic Trends, Macroeconomic Effects, and Forecasts; R53: Urban, Rural, Regional, Real Estate, and Transportation Economics / Regional Government Analysis / Public Facility Location Analysis; Public Investment and Capital Stock; R58: Urban, Rural, Regional, Real Estate, and Transportation Economics / Regional Government Analysis / Regional Development Planning and Policy; Q48: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Energy / Energy: Government Policy
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error