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The Impact of Infrastructure Development on the Economic Growth of the Countries in the Western Balkans and their EU Future

Year: 2025

Type: article

Abstract: The infrastructure investment could strongly influence the economic growth in the Western Balkans countries and contribute to improved regional cooperation and reconciliation and to faster integration into the EU. However, it is essential that public investments in infrastructure are properly financed and managed. To measure the impact of infrastructure indicators on economic growth, panel regression analysis was used for the period 2000-2021, in six Western Balkan countries. The paper addresses the important question of how to intensify investments in infrastructure to achieve sustainable growth in the Western Balkans. The obtained results confirm the earlier findings about the significant impact of energy, ITC, and road infrastructure on economic growth in the Western Balkans.

Source: Prague Economic Papers

DOI: 10.18267/j.pep.884

Authors: Danijela Jaćimović, Milena Lipovina-Božović, Bojan Pejović, Sunčica Vuković

Institution: University of Montenegro

Language: English

Topic: Fiscal Policy and Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth, Partnerships for the goals

Open Access status: diamond

OpenAlex ID: W4410157487