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

Klassifikation
Wirtschaft
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
Thema
macroeconomic policy
investment
infrastructure
fiscal devaluation
competitiveness
Western Balkans
Berlin Process

Ereignis
Geistige Schöpfung
(wer)
Holzner, Mario
Ereignis
Veröffentlichung
(wer)
The Vienna Institute for International Economic Studies (wiiw)
(wo)
Vienna
(wann)
2016

Handle
Letzte Aktualisierung
20.09.2024, 08:23 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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

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