Market Reform and Infrastructure Development in Transition Economies

Robert M. Feinberg, M. Meurs
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引用次数: 9

Abstract

This paper analyzes the determinants of investments in physical infrastructure over the first decade of market reform in Central and Eastern Europe and other former Soviet economies. Both market and political reform would be expected to have an impact on the level of infrastructure, but the relationship will likely differ for infrastructure which remains dependent on the public sector and that which becomes more dependent on private investment after such reforms. Results for a large cross section of transition economies show that market reform has had a positive impact on both traditional and newer types of infrastructure, with a stronger impact on the newer types which are more likely to be market-derived. The findings also suggest that market reform is more likely to push investors to develop infrastructure when political and market reforms are accomplished in tandem.
转型经济中的市场改革和基础设施发展
本文分析了中欧、东欧和其他前苏联经济体在市场改革的第一个十年中有形基础设施投资的决定因素。市场和政治改革预计都会对基础设施水平产生影响,但对于仍然依赖公共部门的基础设施和在这些改革之后更加依赖私人投资的基础设施而言,这种关系可能会有所不同。对许多转型经济体的调查结果表明,市场改革对传统和新型基础设施都产生了积极影响,对更可能来自市场的新型基础设施的影响更大。研究结果还表明,当政治和市场改革同步完成时,市场改革更有可能推动投资者发展基础设施。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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