Is Market Potential Sufficient to Justify Private Investment?

2014 ◽  
pp. 91-97
Author(s):  
Jemima Sy ◽  
Robert Warner ◽  
Jane Jamieson
Keyword(s):  
Private Investment ◽  
Market Potential

Factors affecting the performance of private party in concession-based PPP projects in Nigeria

2017 ◽  
Vol 15 (1) ◽  
pp. 44-57 ◽  
Author(s):  
Akintayo Opawole ◽  
Godwin Onajite Jagboro
Keyword(s):  
Factor Analysis ◽  
Success Factors ◽  
Developing Economies ◽  
Private Investment ◽  
Market Potential ◽  
Southwestern Nigeria ◽  
Relative Significance ◽  
Content Type ◽  
Factors Affecting ◽  
Private Party

Purpose Notwithstanding the remarkable market potential of the Nigerian economy for private investment, the current sociopolitical characteristics had necessitated a careful assessment to inform decisions in long-term investments. The purpose of this paper is therefore to evaluate the success factors that have a specific influence on private party’s performance in concession contracts in Nigeria. Design/methodology/approach Respondents involved in the study were participants in concession-based contracts in Southwestern Nigeria that included architects, estate surveyors, quantity surveyors, engineers and builders, accountants/bankers/economists and lawyers. These were selected using random and respondent-driven sampling (RDS) approaches. The research instrument adopted was a questionnaire that enlisted questions which were structured to ensure that the respondents have appropriate experience in concession-based projects and hold appropriate positions as decision-makers so as to give credence to collected data. The highest significant factors were identified through the relative significance index (RSI). By exploring factor analysis, the factors were condensed for discussion under appropriate component headings. The value of Kaiser–Meyer–Olkin (KMO, 0.755) measure of sampling adequacy tests carried out showed that the data collected were adequate for the factor analysis, and the Bartlett’s test of sphericity (χ2 = 1,799.339; df = 630; p < 0.001) was highly significant. Findings Factors influencing private party performance clustered under eight components, namely, technical, market maturity, political, legal, finance, procurement, incentive and regulation. However, component items including level of understanding of public–private alliance transactions, stability of exchange rate and provisions for reversion of policies were found to be highly significant. On the other hand, status of domestication and implementation of international laws/codes, predictability in legal regime and enforcement and extent of jurisdictional definition of land usage were least significant. Originality/value Findings would guide private investors in the preparation of robust investment packages that reduce risks and seemingly unavoidable opportunistic tendencies associated with public–private partnership projects in developing economies.

Evaluating the Market Potential of Concentrated Solar Thermal Technology for Different Applications in the MENA Region

2021 ◽  
pp. 1-49
Author(s):  
Louay Elmorsy ◽  
Sarah Hamdy ◽  
Tatiana Morosuk ◽  
George Tsatsaronis
Keyword(s):  
Financial Incentives ◽  
Private Investment ◽  
Industrial Sector ◽  
Regulatory Framework ◽  
Market Potential ◽  
Solar Thermal ◽  
Local Context ◽  
Mena Region ◽  
Solar Heat

Abstract Missing financial and regulatory frameworks lead to low development and stagnating costs of concentrated solar thermal technology. Nevertheless, in locations with high direct normal irradiance such as the MENA region, the technology could become competitive, being promised a learning rate of 10-20 %, and boost local economies. This study aims to identify potential business cases and evaluate the increased technology's investment likelihood in the region, focusing on Egypt. A thorough market assessment on the structure, regulatory framework, demand, and potential revenues was conducted for the power and process heating sector. A SWOT analysis was performed considering the local context and competing technologies. Egypt was shown to offer local manufacturing potential, regulatory framework and renewable energy strategies, facilitating the technology's deployment. Moreover, the market is already open for private investment and selected international funds are directed towards CSP development. High initial technology cost, subsidized fuel and electricity prices for industry, alongside lack of long-term financial incentives and awareness of potential long-term benefits for the economy were identified as the most significant threats. High solar heat demand for industrial processes and large potential for concentrated solar heat application were identified. Yet, the market is decentralized and the processes are very diverse, moreover retrofitting may pose risks alongside the high upfront investment and additional land costs, which makes concentrated solar heat applications less attractive for the Egyptian industrial sector. Hence, for concentrated solar technology deployment, financial incentives and a regulatory framework specifically directed towards the technology would be necessary.

Institutional environment creating for attracting investment into infrastructure: The cases of Russian regions

2019 ◽  
pp. 134-157 ◽  
Author(s):  
G. A. Borshchevskiy
Keyword(s):  
Institutional Environment ◽  
Private Investment ◽  
Infrastructure Development ◽  
Russian Regions ◽  
Development Indicators ◽  
The Russian Federation ◽  
The Behavior Of Government ◽  
The City ◽  
Nenets Autonomous ◽  
Practical Recommendations

The article examines the institutional process in a regional economy connected with the infrastructure development. We use the neoinstitutional approach to study factors that influence the behavior of government and business in their interaction in the economy. We also use statistical methods to analyze the dynamics of socio-economic development indicators of the subjects of the Russian Federation as well as the results of measures to attract private investment into infrastructure, including the PPP. We chose the city of Moscow and the Yamalo-Nenets Autonomous District as two empirical case studies which differ in economic and geographic conditions, but both demonstrate success in attracting private investment and implementing infrastructure projects. Our conclusions are consistent with a theory that asserts the primacy of institutional environment in relation to project implementation. We make also some practical recommendations for the development of the institutional environment which are acceptable for all regions solving similar problems of infrastructure development.

MARKET POTENTIAL OF POULTRY MEAT

2020 ◽  
pp. 69-79
Author(s):  
L.M. Roiter ◽  
N.A. Eremeeva ◽  
I.M. Pavlova
Keyword(s):  
Market Potential ◽  
Poultry Meat

Trade Creation or Trade Diversion in ASEAN and ASEAN+6 FTAs: Trade Indicators Approach

2015 ◽  
pp. 25-41
Author(s):  
Anh Tu Thuy ◽  
Ngoc Le Minh
Keyword(s):  
Comparative Advantage ◽  
Wheat Gluten ◽  
Free Trade Area ◽  
Private Investment ◽  
Trade Diversion ◽  
Trade Creation ◽  
Public And Private ◽  
Trade Area ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

This paper makes use of two trade indicators, Revealed Comparative Advantage (RCA) and Regional Orientation (RO), to evaluate the economic impacts of the ASEAN Free Trade Area (The) and the Regional Comprehensive Economic Partnership (RCEP) on Vietnamese commodities at the Harmonized System (HS) 2-digit level. Several sectors in which Vietnam has revealed a comparative advantage, has benefited from the AFTA, and would continue to enjoy trade creation from the RCEP, are: Cereals (10), Salt, sulphur, earth, stone, plaster, lime and cement (25), Rubber (40), Knitted or crocheted fabric (60), etc. More importantly, the result provides a list of commodities in which Vietnam has a comparative advantage and only experiences trade creation when participating in the RCEP. These are: Milling products, malt, starches, inulin, wheat gluten (11), Vegetable plaiting materials, vegetable products not elsewhere specified (14), Wood and articles of wood, wood charcoal (44), etc. Findings also show commodities in which Vietnam has a comparative advantage; but are not well positioned in the RCEP market yet, e.g. Cereal, flour, starch, milk preparations and products (19) and Manmade staple fibres (55). If sufficient investment decisions and marketing strategies are applied to these commodities, they will well penetrate the RCEP market and bring trade creation and welfare improvement to Vietnam. Public and private investment should consider the above-mentioned commodities as targets to leapfrog the benefits of RCEP.

Trends in private investment in developing countries

1995 ◽  
Author(s):  
Frederick Z. Jaspersen ◽  
Anthony H. Aylward ◽  
Mariusz A. Sumlinski
Keyword(s):  
Developing Countries ◽  
Private Investment
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