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The Role of Investment in Infrastructure Development: A Comparative Analysis of Developed and Transition Economies

Author

Listed:
  • Maria Vakulich

    (Ukrainian State University of Science and Technologies, Dnipro)

  • Ihor Zlakoman

    (National University Odesa Law Academy)

  • Larysa Boltianska

    (Agrotechnological University, Zaporizhzhia)

  • Viktoriia Budnyk

    (State University of Infrastructure and Technologies, Kyiv)

  • Oleksandr Zinevych

    (Inerregional Academy of Personnel Management, Kyiv)

Abstract

The growing importance of infrastructure investments in developed and transitional economies is driven by multiplier, production, and transport effects. This article examines their role using a comparative structural analysis of investment trends from 1990-2023. Results reveal major regional differences: in East Asia and the Pacific, mixed financing and greenfield projects dominate new transport construction, while in Europe and Central Asia, investment focuses on modernizing existing infrastructure through balanced policies. Strategies are shaped by institutional capacity, urbanization, population density, export potential, and fiscal resources. The findings highlight how the experience of developed economies can inform infrastructure development in transition economies.

Suggested Citation

  • Maria Vakulich & Ihor Zlakoman & Larysa Boltianska & Viktoriia Budnyk & Oleksandr Zinevych, 2025. "The Role of Investment in Infrastructure Development: A Comparative Analysis of Developed and Transition Economies," Notas Económicas, Faculty of Economics, University of Coimbra, issue 60, pages 43-57, December.
    • Handle: RePEc:gmf:journl:y:2025:i:60:p:43:57
    DOI: 10.14195/2183-203X_60_3
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    Keywords

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    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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