Departmental Papers Volume 2020 Issue 011: Infrastructure in Central, Eastern, and Southeastern Europe: Benchmarking, Macroeconomic Impact, and Policy Issues (2020)

Infrastructure in Central, Eastern, and Southeastern Europe: Benchmarking, Macroeconomic Impact, and Policy Issues

Author:

Mr. Anil Ari

Mr. Anil Ari
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David Bartolini

David Bartolinihttps://isni.org/isni/0000000404811396, International Monetary Fund

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Vizhdan Boranova

Vizhdan Boranovahttps://isni.org/isni/0000000404811396, International Monetary Fund

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Gabriel Di Bella

Gabriel Di Bellahttps://isni.org/isni/0000000404811396, International Monetary Fund

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Mr. Kamil Dybczak

Mr. Kamil Dybczak
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Ms. Keiko Honjo

Ms. Keiko Honjo
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Raju Huidrom

Raju Huidromhttps://isni.org/isni/0000000404811396, International Monetary Fund

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Andreas Jobst

Andreas Jobst
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Nemanja Jovanovic

Nemanja Jovanovic
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Ezgi O. Ozturk

Ezgi O. Ozturkhttps://isni.org/isni/0000000404811396, International Monetary Fund

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Ms. Laura Papi

Ms. Laura Papihttps://isni.org/isni/0000000404811396, International Monetary Fund

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Mr. Sergio Sola

Mr. Sergio Sola
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Michelle Stone

Michelle Stonehttps://isni.org/isni/0000000404811396, International Monetary Fund

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, and

Petia Topalova

Petia Topalovahttps://isni.org/isni/0000000404811396, International Monetary Fund

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Series:: Departmental Papers

Volume/Issue:: Volume 2020: Issue 011

Publication Date:: 28 Sep 2020

DOI:: https://doi.org/10.5089/9781513550558.087

ISBN:: 9781513550558

ISSN:: 2616-5333

Pages:: 123

Keywords:: DPPP; DP; infrastructure investment; IMF staff calculation; private sector; Cesee-EU economy; crowding in; CESEE country; CESEE-EU country; country authorities; public investment; Infrastructure; Public investment and public-private partnerships (PPP); Public investment spending; Private investment; Purchasing power parity; Global; Europe; investment boom; government investment plan

Legal-disclaimer:: The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: Departmental Papers

Volume/Issue:: Volume 2020: Issue 011

Language:: English

Publication Date:: 28 Sep 2020

DOI:: https://doi.org/10.5089/9781513550558.087

ISBN:: 9781513550558

ISSN:: 2616-5333

Pages:: 123

Keywords:: DPPP; DP; infrastructure investment; IMF staff calculation; private sector; Cesee-EU economy; crowding in; CESEE country; CESEE-EU country; country authorities; public investment; Infrastructure; Public investment and public-private partnerships (PPP); Public investment spending; Private investment; Purchasing power parity; Global; Europe; investment boom; government investment plan

Legal-disclaimer:: The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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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 maximize 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 analyze 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 mobilizing private sector participation.

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Departmental Papers

ISSN:: 2616-5333

Publisher:: International Monetary Fund

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