Do Infrastructure Projects Pay Off?: Evidence From Russia

Student: Akzhigitova Galiia

Supervisor: Vitalijs Jascisens

Educational Programme: Applied Economics (Master)

Year of Graduation: 2020

In this paper, we estimate the effect of the implementation of a large-scale investment project on the economic development of the region using the example of preparations for the Winter Olympics in Sochi. Short-term and long-term effects were estimated at the municipal and regional levels and it was concluded that during the preparation for the Olympics, real wages at the municipal level increased, but there was no positive effect on the share of people employed in the economy. In addition, no positive long-term effects were found from the implementation of the megaproject.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses