Abstract
The present Chapter is based on the thesis that infrastructure represents the public part of an overall capital stock that is indispensable for economic growth and sustainable development, particularly at the regional level1.Roads, rails, waterways, harbours, airports, telecommunication systems, energy production and distribution systems, piped water supply, sanitation and sewerage, but also education, training and research facilities from the pre-school through the university level, libraries, museums, theatres, hospitals and sports facilities are examples. That these types of facilities - though the term ‘infrastructure’ has been coined only after the second World War - play an important role for development and growth has often been affirmed in the literature by generations of economists from mercantilist times through the classical period up to Keynesian ones.2
Article Footnote
1 See Bieehl(1975) and (1991).
2 See literature cited later on.
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Biehl, D. (2001). Infrastructure as an Instrument of National and Regional Development Policy in the European Union and Ukraine. In: Hoffmann, L., Möllers, F. (eds) Ukraine on the Road to Europe. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57598-3_9
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DOI: https://doi.org/10.1007/978-3-642-57598-3_9
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