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. …

In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The …

We construct a simple political economy model with imperfect capital markets to explain infrastructure investments … infrastructure, iii) median voter wealth, and iv) corruption, can all potentially explain why different states have different level … of infrastructure investments. The theoretical model is motivated by recent empirical work on India that argues that …

federal sector for support after disasters occur. But these same governments are responsible for investing in infrastructure … do not, thereby giving states an incentive to increase investment in protective infrastructure. However, this raises the … infrastructure that increases its expected uncertain income, generating a soft-budget constraint for states. This provides an …