Improving transport infrastructure is not a silver bullet for boosting growth

Transport infrastructure investment is a cornerstone of growth-promoting strategies in the European Union. Yet, investment in new infrastructure is not always conducive to stronger economic performance. Drawing on a recent study, Riccardo Crescenzi, Marco Di Cataldo and Andrés Rodríguez-Pose write that in contexts marked by weak and inefficient governments and widespread corruption, different types of road investments often yield low or no economic returns.