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Infrastructure Investment in the Western Balkans: A First Analysis

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Abstract

This study provides a first analysis of the recent development in infrastructure investment in the Western Balkans. It identifies infrastructure gaps as well as key infrastructure initiatives in the region, outlines the political dimension and provides the respective detailed infrastructure investment data as collected from the Western Balkans statistical offices. The Western Balkans are a good case study also for other regions in the EU neighbourhood that have similar developmental problems. It teaches that (i) intensity of involvement is important; (ii) the composition of the funds matters; (iii) infrastructure funding will not automatically lead to more political cooperation; (iv) infrastructure development funds can also be used as a sort of reward for more political cooperation. These principles could be applied in the EU’s neighbourhood policy for the Eastern Partnership countries as well as the Euro-Mediterranean Partnership countries, according to the local requirements.

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  • Mario Holzner & Monika Schwarzhappel, 2018. "Infrastructure Investment in the Western Balkans: A First Analysis," wiiw Research Reports 432, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:rpaper:rr:432
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    References listed on IDEAS

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    1. Mario Holzner, 2016. "Policy Options for Competitiveness and Economic Development in the Western Balkans: the Case for Infrastructure Investment," wiiw Policy Notes 16, The Vienna Institute for International Economic Studies, wiiw.
    2. Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September.
    3. Stephan Barisitz & Alice Radzyner, 2017. "The New Silk Road, part I: a stocktaking and economic assessment," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/17, pages 8-30.
    4. Alfredo M. Pereira & Jorge M. Andraz, 2013. "On The Economic Effects Of Public Infrastructure Investment: A Survey Of The International Evidence," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 1-37, December.
    5. Sebastian Galiani & Stephen Knack & Lixin Colin Xu & Ben Zou, 2017. "The effect of aid on growth: evidence from a Quasi-experiment," Journal of Economic Growth, Springer, vol. 22(1), pages 1-33, March.
    6. Richard Grieveson & Julia Grübler & Mario Holzner, 2018. "Western Balkans EU Accession: Is the 2025 Target Date Realistic?," wiiw Policy Notes 22, The Vienna Institute for International Economic Studies, wiiw.
    7. Richard Grieveson & Mario Holzner, 2018. "Investment in the Western Balkans," wiiw Policy Notes 27, The Vienna Institute for International Economic Studies, wiiw.
    8. Vladimir Gligorov, 2017. "Macedonian Exports," wiiw Research Reports 420, The Vienna Institute for International Economic Studies, wiiw.
    9. Alexandra Bykova & Mahdi Ghodsi & Julia Grübler & Doris Hanzl-Weiss & Mario Holzner & Gabor Hunya & Robert Stehrer, 2018. "Economic Policy Implications of the Belt and Road Initiative for CESEE and Austria," wiiw Policy Notes 23, The Vienna Institute for International Economic Studies, wiiw.
    10. Debora Revoltella & Philipp-Bastian Brutscher & Alexandra Tsiotras & Christoph T. Weiss, 2016. "Linking local business with global growth opportunities: the role of infrastructure," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 32(3), pages 410-430.
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    Cited by:

    1. Oliver Reiter & Monika Schwarzhappel & Robert Stehrer, 2020. "Productivity and Competitiveness of the Western Balkan countries: An Analysis Based on the wiiw Western Balkan Productivity Database," wiiw Policy Notes 37, The Vienna Institute for International Economic Studies, wiiw.
    2. Oliver Reiter & Robert Stehrer, 2021. "Value Chain Integration of the Western Balkan Countries and Policy Options for the Post-COVID-19 Period," wiiw Policy Notes 48, The Vienna Institute for International Economic Studies, wiiw.
    3. Xavier Richet, 2020. "Chinese Presence in the Western Balkans: Competition, Complementarity, Cooperation," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 3-25.
    4. Vasily Astrov & Mahdi Ghodsi & Mario Holzner & David Pichler & Leon Podkaminer, 2019. "Monthly Report No. 11/2019," wiiw Monthly Reports 2019-11, The Vienna Institute for International Economic Studies, wiiw.

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    More about this item

    Keywords

    Infrastructure investment; transport infrastructure; energy infrastructure; Western Balkans;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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