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| 001 | pwiiw7541 | ||
| 003 | OSt | ||
| 005 | 20260518120040.0 | ||
| 008 | 260315t2026 au ||||| |||| 00| ||eng d | ||
| 040 | _cOSt | ||
| 041 | _aeng | ||
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_aE22 _aH54 _2jelc |
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| 100 | 1 | _aGutzianas, Ioannis | |
| 245 | 1 | 0 | _aCrowding in or crowding out? Public and private investment in the Western Balkans |
| 260 |
_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2026. |
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_a20 S., _b4 Tables and 3 Figures, _c30cm. |
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| 490 | 1 |
_awiiw Policy Notes and Reports _v104 |
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| 520 | _aThis note examines whether public infrastructure investment crowds in private investment in the Western Balkans and how this relationship compares with the EU. Using Eurostat data for 2000-2024 and a sector-level analysis, it finds that higher public infrastructure investment is generally associated with higher private investment in the region, broadly in line with EU patterns. One sectoral difference stands out: public investment in health infrastructure generates much smaller crowding-in effects in the Western Balkans than in the EU, plausibly reflecting weaker domestic complementarity, given the limited health-related industrial base. Crowding-in effects in the region are strongest in education, followed by information and communication, while energy, water and waste, and transport show more moderate effects, and health exhibits the weakest effect. Overall, the results suggest that scaling up public infrastructure investment can mobilise private capital in the Western Balkans, with particularly high returns in education. Where fiscal space is constrained, prioritising investment towards sectors with stronger crowding-in effects can improve impact, while stronger support for domestic health-related capabilities could increase the payoff from health infrastructure spending. | ||
| 650 | _apublic investment | ||
| 650 | _aprivate investment | ||
| 650 | _acrowding in | ||
| 650 | _ainfrastructure | ||
| 650 | _aWestern Balkans | ||
| 651 | _aEU | ||
| 651 | _aWestern Balkans | ||
| 690 | _aMacroeconomic Analysis and Policy | ||
| 690 | _aSectoral studies | ||
| 700 | 1 | _aHolzner, Mario | |
| 700 | 1 | _aJovanović, Branimir | |
| 830 | 0 |
_v104 _wWIIW0000092 _twiiw Policy Notes and Reports |
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| 856 | 4 | 0 | _uhttps://wiiw.ac.at/p-7541.html |
| 942 | _cP | ||
| 999 |
_c9160 _d9160 |
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