Bericht
Policy Options for Competitiveness and Economic Development in the Western Balkans: the Case for Infrastructure Investment
The Western Balkans are a region with a substantial economic catch-up potential. Compared to other European economies these countries are either poor or very poor. Structural underdevelopment and low competitiveness impede the catch-up process. Mass unemployment and a huge trade deficit indicate heavy internal and external imbalances. Short-run policy measures should focus on fiscal devaluation and NPL resolution to foster cost competitiveness and private investment. A 'Big Push' in infrastructure investment is imperative for long-term prosperity. An investment volume of EUR 7.7 billion as envisaged in the 'Berlin Process' has the potential for an additional GNP growth impulse of about 1% p.a. and a positive employment effect of up to 200,000 people in the region.
- Sprache
-
Englisch
- Erschienen in
-
Series: Policy Notes and Reports ; No. 16
Macroeconomics: Consumption, Saving, Production, Employment, and Investment: Forecasting and Simulation: Models and Applications
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
International Investment; Long-term Capital Movements
National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
investment
infrastructure
fiscal devaluation
competitiveness
Western Balkans
Berlin Process
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Holzner, Mario
- The Vienna Institute for International Economic Studies (wiiw)
Entstanden
- 2016