Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Job Creation through Infrastructure Investment in the Middle East and North Africa
AU - Ianchovichina, E.
AU - Estache, A.
AU - Foucart, R.
AU - Garsous, G.
AU - Yepes, T.
PY - 2013/5/1
Y1 - 2013/5/1
N2 - To meet its infrastructure needs, the Middle East needs to invest, on average, around 6% of its GDP annually, although with differences across countries. This could lead to direct job creation of about 2.5 million direct, indirect and induced infrastructure-related jobs. Because of significant differences in financing opportunities, fiscal constraints could be binding for the poorest countries. The effectiveness of job creation from infrastructure will depend on the quality of targeting and on cost subsidies as well as on the effectiveness of (re)training programs. Managing unrealistic expectations will also matter as infrastructure jobs will help but will not solve the region's employment challenge. © 2012 Elsevier Ltd.
AB - To meet its infrastructure needs, the Middle East needs to invest, on average, around 6% of its GDP annually, although with differences across countries. This could lead to direct job creation of about 2.5 million direct, indirect and induced infrastructure-related jobs. Because of significant differences in financing opportunities, fiscal constraints could be binding for the poorest countries. The effectiveness of job creation from infrastructure will depend on the quality of targeting and on cost subsidies as well as on the effectiveness of (re)training programs. Managing unrealistic expectations will also matter as infrastructure jobs will help but will not solve the region's employment challenge. © 2012 Elsevier Ltd.
KW - Employment
KW - Infrastructure
KW - Investment
KW - Job creation
KW - employment generation
KW - infrastructural development
KW - investment
KW - subsidy system
KW - targeting
KW - Middle East
KW - North Africa
U2 - 10.1016/j.worlddev.2012.11.014
DO - 10.1016/j.worlddev.2012.11.014
M3 - Journal article
VL - 45
SP - 209
EP - 222
JO - World Development
JF - World Development
SN - 0305-750X
ER -