Market Reform and Infrastructure Development in Transition Economies

11 Pages Posted: 31 Mar 2008

See all articles by Robert M. Feinberg

Robert M. Feinberg

American University - Department of Economics

Mieke E. Meurs

American University - Department of Economics

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

Feinberg, Robert M. and Meurs, Mieke E., Market Reform and Infrastructure Development in Transition Economies. Review of Development Economics, Vol. 12, Issue 2, pp. 237-247, May 2008, Available at SSRN: https://ssrn.com/abstract=1113938 or http://dx.doi.org/10.1111/j.1467-9361.2007.00379.x

Robert M. Feinberg (Contact Author)

American University - Department of Economics ( email )

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Mieke E. Meurs

American University - Department of Economics ( email )

4400 Massachusetts Avenue, N.W.
Washington, DC 20016-8029
United States

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