Infrastructure in central, eastern, and southeastern Europe: benchmarking, macroeconomic Impact, and policy issues

Departmental paper No. 20/11

Format:
Corporate Author:
International Monetary Fund European Department
Author:
Anil Ari
Publisher:
IMF

CESEE countries lag in terms of infrastructure compared to the EU15, and deficient infrastructure is often cited as a constraint to growth and convergence. Investing in infrastructure is therefore an important long-standing policy issue for the region. In the context of the Covid-19 pandemic, infrastructure investment has also gained some ground as economies look to support activity in the recovery phase once the virus has been contained. Against this backdrop, this project seeks to benchmark infrastructure in CESEE, assess the macro impact of higher infrastructure investment, and discuss policies issues to maximise such impact. First, we benchmark infrastructure in the region versus the EU15, across various infrastructure sectors and using different methodologies. Second, deploying empirical estimates and model-based simulations, we analyse the macroeconomic impact of boosting infrastructure investment. Third, we present an in-depth analysis of policy issues: enhancing public investment management, managing fiscal risks, and mobilising private sector participation

Extent xii, 110p. ISBN 9781513550558
Size N/A Price £21.50
Format Paperback Published 30 May 2022
Availability Out of stock - available to order Delivery Delivery options and charges