The Role of Investment in Infrastructure Development: A Comparative Analysis of Developed and Transition Economies
Анотація
The growing importance of infrastructure investments in developed and transitional economies is driven by multiplier, production, and transport effects. This article examines their role using a comparative structural analysis of investment trends from 1990-2023. Results reveal major regional differences: in East Asia and the Pacific, mixed financing and greenfield projects dominate new transport construction, while in Europe and Central Asia, investment focuses on modernizing existing infrastructure through balanced policies. Strategies are shaped by institutional capacity, urbanization, population density, export potential, and fiscal resources. The findings highlight how the experience of developed economies can inform infrastructure development in transition economies.
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