Patterns of Investment Policies and the Split of the Modal Pie in OECD Countries



Patterns of Investment Policies and the Split of the Modal Pie in OECD Countries

Authors

PALMS A and CHOLOUDIS C, University of Piraeus, Greece

Description

In an earlier study (ETC, 1999) regarding the distribution of the investments in transport infrastructure in one European country, i.e. Greece, the authors argued that whilst the distribution of the investments in transport infrastructure is an influentia

Abstract

In an earlier study (ETC, 1999) regarding the distribution of the investments in transport infrastructure in one European country, i.e. Greece, the authors argued that whilst the distribution of the investments in transport infrastructure is an influential parameter of the modal absorption of the increasing transport demand, under-investment and mono-modal priorities characterise national level investment policies. That case study suggested that the investments devoted to upgrade and renew the infrastructure of the most environmentally friendly elements of the network follow a negative trend.

This paper will examine the policies that have been followed in all the OECD member countries, in order to enhance or challenge the conclusions of the preceded research. Collecting and compiling data from the various statistical databases available, the paper will examine the trends in the actual volume of investments in the creation of new transport infrastructure capacity in OECD members, the modal split of these investment, the existing capital stock, and the expenditure on infrastructure maintenance. This will not provide solely an illustration of national policies applied in OECD countries but a basis for comparison between the various countries as well. The latter will help to understand whether specific patterns exist i.e. South -North Europe, long- standing OECD members- newly comers, EU- non-EU members. An attempt will also be made to examine and compare policy statements in these countries, to identify principles, determine which of them dominate the contemporary transport policies, and justify the identified patterns.

Overall, the aim is to realise whether the aforementioned problem appears only in particular countries, lying on the way of thinking and preferences of specific national level policy-makers, or the road-biased infrastructure policies represent a generalised phenomenon, and conclude on whether the problematic tendency that was found in the eadier study is a common policy design fault throughout Europe. Moreover, the comparison between EU and non-EU members will help to conclude on the impact of the financial intervention of the supranational EU institutions.

Publisher

Association for European Transport