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Market Reform and Infrastructure Development in Transition Economies

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  • Robert M. Feinberg
  • Mieke Meurs

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.

Suggested Citation

  • Robert M. Feinberg & Mieke Meurs, 2008. "Market Reform and Infrastructure Development in Transition Economies," Review of Development Economics, Wiley Blackwell, vol. 12(2), pages 237-247, May.
    • Handle: RePEc:bla:rdevec:v:12:y:2008:i:2:p:237-247
    DOI: 10.1111/j.1467-9361.2007.00379.x
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    References listed on IDEAS

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    1. Charles R. Hulten, 1996. "Infrastructure Capital and Economic Growth: How Well You Use It May Be More Important Than How Much You Have," NBER Working Papers 5847, National Bureau of Economic Research, Inc.
    2. Carlin, Wendy & Schaffer, Mark & Seabright, Paul, 2003. "Infrastructure, Competition and Innovation : New Survey Evidence from Transition," IDEI Working Papers 243, Institut d'Économie Industrielle (IDEI), Toulouse.
    3. Christian von Hirschhausen, 2002. "Modernizing Infrastructure in Transformation Economies," Books, Edward Elgar Publishing, number 2839.
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    Cited by:

    1. Carlin, Wendy & Schaffer, Mark & Seabright, Paul, 2013. "Soviet power plus electrification: What is the long-run legacy of communism?," Explorations in Economic History, Elsevier, vol. 50(1), pages 116-147.

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