How much an economy should invest in its physical infrastructure is a crucial question being asked by policy makers from developing countries where financial resources for economic development are limited. This paper aims to address this question by bringing insights from the literature that...

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...

Obgleich am Westbalkan in den letzten Jahren ein gewisser Aufholprozess bei der Errichtung von Verkehrsinfrastruktur zu verzeichnen war, bleibt die Eisenbahndichte gering und die Autobahndichte noch geringer. Auch der Nachholbedarf bei Energieinfrastruktur ist substantiell. Die aktuelle...

This paper shows that those low and middle income countries that use infrastructure inefficiently pay a growth penalty in the form of a much smaller benefit from infrastructure investments. The magnitude of this penalty is apparent when the growth experience of Africa is compared with that of...