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Do Infrastructure Projects Pay Off?: Evidence From Russia

ФИО студента: Akzhigitova Galiia

Руководитель: Vitalijs Jascisens

Кампус/факультет: Faculty of Economic Sciences

Программа: Applied Economics (Master)

Год защиты: 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.

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