Overview

The design of infrastructure policies is a controversial issue in the transition economies of Eastern Europe, where the dismal state of infrastructure was widely regarded to be one of the major obstacles to economic recovery and sustained growth. With the imminent enlargement of the EU, Christian von Hirschhausen provides a detailed, reflective analysis of the state of infrastructure development in Eastern Europe. The author illustrates the different approaches to modernizing infrastructure and the successes that have been achieved in terms of fiscal relief, private investment and increased efficiency. Based upon a comparative institutional analysis and extensive field research and case studies, he provides empirical evidence from different sectors (power, gas, railways, roads, R&D), with particular emphasis on countries such as Poland, Hungary, the Czech Republic, the Baltics and Russia. Given the substantial institutional instability of the early years of transition, the author promotes a gradual but time-consistent approach to liberalization as a more promising path towards a market economy and increased efficiency. The author offers sound policy recommendations on how best to achieve the successful modernization of East European infrastructure in the course of EU-enlargement.

Full Product Details

Author:   Christian von Hirschhausen
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Edition:   illustrated edition
Dimensions:   Width: 15.60cm , Height: 2.60cm , Length: 23.40cm
Weight:   0.558kg
ISBN:  

9781843761136

ISBN 10:   1843761130
Pages:   288
Publication Date:   27 August 2002
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: 1. Introduction Part I: Conceptual Issues 2. Infrastructure Policy in Socialism and in the Market Economy 3. The Process of Systematic Transformation 4. Specific Infrastructure Policies for Eastern Europe? Part II: Empirical Analysis 5. Survey and Methodology 6. Lessons from Public Investment Programs 7. Innovation Policies Towards a Market Economy? 8. Private Project Financing of Highway Development 9. Power Utility Re-regulation 10. Gas Sector Restructuring - A Political Economy Approach 11. The Russian Gas Reserves - A New Perspective Part III: Summary and Conclusions 12. Lessons and Perspectives on the Way to European Enlargement Bibliography Index

Reviews

'This book should be thought-provoking reading for academics and practitioners with a professional interest in infrastructure services, policy design, and the agenda for infrastructure reform in transition economies. Christian von Hirschhausen's rigorous, multi-sector analysis provides a first-time attempt at a balanced assessment of conceptual and practical issues regarding a critical area of the transition to markets. The book also questions some of the generally accepted findings regarding what works and what doesn't in the restructuring of infrastructure in the former centrally-planned economies, with special attention to the political economy of reform.' -- Jose Carbajo, European Bank for Reconstruction and Development (EBRD), London, UK 'The theoretical basis is impressive and the empirical evidence authentic: the book breathes the dust of Hungarian highways and the rust of Estonian power plants. In over five years of field research, the author has acquired an unmatched understanding of the topic and provides clear-cut, highly relevant policy conclusions for EU-enlargement.' -- Axel Siedenberg, Deutsche Bank Research / Economics, Germany 'This book is an insightful study of the neglected issue of the infrastructure of transition economies in Eastern Europe and the former Soviet Union. It chronicles the socialist infrastructure's incompatibility with a market economy and its collapse using aggregate data and valuable case studies, particularly of the energy and transport sectors. Although there have been clear transition successes, the search for an optimal infrastructure policy has been elusive. Although market-based solutions have delivered less than promised due to political-economy and technological factors, their results have not proven inferior to more conservative regulatory approaches. Modernizing Infrastructure in Transformation Economies rounds out our knowledge of a key aspect of the transition process and is to be recommended to all serious scholars of transition and European integration.' -- Paul Gregory, University of Houston, US 'This is the first comprehensive treatment of a highly topical issue. The message of this book is that transition economies need a substantial overhaul of their infrastructure, but that they should ponder gradual rather than radical ways for deregulation and privatization. Institutional, technical and financial constraints should not be ignored and one-fits-all type policies are inappropriate.' -- Irina Akimova, Institute for Economic Research, Ukraine

`This book should be thought-provoking reading for academics and practitioners with a professional interest in infrastructure services, policy design, and the agenda for infrastructure reform in transition economies. Christian von Hirschhausen's rigorous, multi-sector analysis provides a first-time attempt at a balanced assessment of conceptual and practical issues regarding a critical area of the transition to markets. The book also questions some of the generally accepted findings regarding what works and what doesn't in the restructuring of infrastructure in the former centrally-planned economies, with special attention to the political economy of reform.' -- Jose Carbajo, European Bank for Reconstruction and Development (EBRD), London, UK `The theoretical basis is impressive and the empirical evidence authentic: the book breathes the dust of Hungarian highways and the rust of Estonian power plants. In over five years of field research, the author has acquired an unmatched understanding of the topic and provides clear-cut, highly relevant policy conclusions for EU-enlargement.' -- Axel Siedenberg, Deutsche Bank Research / Economics, Germany `This book is an insightful study of the neglected issue of the infrastructure of transition economies in Eastern Europe and the former Soviet Union. It chronicles the socialist infrastructure's incompatibility with a market economy and its collapse using aggregate data and valuable case studies, particularly of the energy and transport sectors. Although there have been clear transition successes, the search for an optimal infrastructure policy has been elusive. Although market-based solutions have delivered less than promised due to political-economy and technological factors, their results have not proven inferior to more conservative regulatory approaches. Modernizing Infrastructure in Transformation Economies rounds out our knowledge of a key aspect of the transition process and is to be recommended to all serious scholars of transition and European integration.' -- Paul Gregory, University of Houston, US `This is the first comprehensive treatment of a highly topical issue. The message of this book is that transition economies need a substantial overhaul of their infrastructure, but that they should ponder gradual rather than radical ways for deregulation and privatization. Institutional, technical and financial constraints should not be ignored and one-fits-all type policies are inappropriate.' -- Irina Akimova, Institute for Economic Research, Ukraine

Author Information

Christian von Hirschhausen, Professor of Energy Economics and Public Sector Management, Dresden University of Technology (TU Dresden), and Research Director, DIW Berlin (German Institute for Economic Research), Germany

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