IDEAS home Printed from https://ideas.repec.org/p/pes/wpaper/2017no132.html
   My bibliography  Save this paper

Global Infrastructure Projects as the Factor of National Economies’s Development (the case of the Turkish Stream Gas Pipeline)

Author

Listed:
  • Marina Tolstel

    (Volgograd State University, Russia)

  • Irina Anikina

    (Volgograd State University, Russia)

  • Albina Gukova

    (Volgograd State University, Russia)

Abstract

The current stage of the economy’s development differs from the past ones in that the role of global infrastructure projects acquires ever more importance and that forming and designing of such programs becomes now a much more sophisticated process, all of this has led to a situation where we have to revise our system of economic methods of the evaluation benefits of a global infrastructure project for all involved countries. The existing methods and ways of evaluation influence global infrastructure projects on socio-economic development of the participating countries are to be complemented by new approaches reflecting the market changes and the advent of new financial instruments and stratagems. The aim of the paper is to evaluate influence the global infrastructure project on socio-economic development of the participating countries in the globalized world economy with respect to its main economic and social consequences and synergy effects (the case of the Turkish Stream gas pipeline). The aim of the paper is to evaluate influence the global infrastructure project on socio-economic development of the participating countries in the globalized world economy with respect to its main economic and social consequences and synergy effects (the case of the Turkish Stream gas pipeline). The authors crated methodological approach to the study of infrastructure projects influence on socio-economic development of the members based on the identification, evaluation and prediction of the influence of factors external and internal environment on the changing economic potential of the infrastructure projects participants. Adequate investment in the development of infrastructure is an important driver of long-term economic growth. Traditionally, infrastructure has been funded mostly through public investment. However, in view of scarcity of budgetary resources and lack of capacity within the government to implement these ambitious programs, the strategy of the government relies significantly on promoting investment through a combination of public investment and private participation (include foreign investors). The presented methodological approach allows to define and early diagnose the global infrastructure projects which facilitate a multiplication effect within the national economy.

Suggested Citation

  • Marina Tolstel & Irina Anikina & Albina Gukova, 2017. "Global Infrastructure Projects as the Factor of National Economies’s Development (the case of the Turkish Stream Gas Pipeline)," Working Papers 132/2017, Institute of Economic Research, revised May 2017.
  • Handle: RePEc:pes:wpaper:2017:no132
    as

    Download full text from publisher

    File URL: http://www.badania-gospodarcze.pl/images/Working_Papers/2017_No_132.pdf
    File Function: First version, 2017
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    global infrastructure projects; economic development; international investment; globalization;
    All these keywords.

    JEL classification:

    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pes:wpaper:2017:no132. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adam P. Balcerzak (email available below). General contact details of provider: https://edirc.repec.org/data/ibgtopl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.