Investment in transport infrastructure can improve a country’s growth prospects by facilitating trade. This column reports the findings of research on the impact of a major programme of road upgrades in Turkey from the early 2000s, which converted many two-lane undivided roads into dual carriageways. Trade both within the country and with other countries has benefited significantly from these improvements.
Nathaniel Young is a Principal Economist in the Office of the Chief Economist at the European Bank for Reconstruction and Development. He received his PhD in Economics from Boston University.