scholarly journals Infrastructure Investment with Public-Private Partnership (PPP) and Economic Growth in Developing Countries in Asia

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
P.J. Atapattu
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Public Private Partnership ◽  
Infrastructure Investment ◽  
Literacy Rate ◽  
Private Partnership ◽  
Positive Effects ◽  
Perpetual Inventory Method ◽  
Infrastructure Investments

Infrastructure is an important factor of economic growth in developing countries, and economic growth is constrained by the inadequacy of infrastructure, as financing is expensive. The advantage of Public-Private Partnership (PPP) in infrastructure is well recognized, allowing financing for expensive infrastructure investments. This study examines the importance of PPP for infrastructure to economic growth in nine developing countries in Asia. The estimated period is from 1990 to 2015 using panel data with fixed effect. The dependent variable is GDP, and independent variables are PPP infrastructure stock, non-PPP infrastructure stock, labor force and literacy rate as a proxy variable of quality of labor. This study estimates PPP infrastructure stock using the Perpetual Inventory Method and controls for the external effect of the Asian Economic Crisis in 1998.This study finds positive effects of PPP infrastructure stock on economic growth. PPP infrastructure stock is an addition to the existing infrastructure stock. The result of this study encourages more PPP investment in developing countries in Asia for economic growth.KeywordsEconomic Growth, Developing Countries, Infrastructure Stock and Public-Private Partnership in Infrastructure

Public Private Partnership (PPP) as a Mechanism to Improve the Infrastructure Needs of Countries

2021 ◽  
pp. 222-241
Author(s):  
Hakan Yurdakul ◽  
Rifat Kamasak
Keyword(s):  
Private Sector ◽  
Public Service ◽  
Financial Burden ◽  
Public Private Partnership ◽  
High Quality ◽  
Investment Activity ◽  
Private Partnership ◽  
The Public ◽  
Infrastructure Investments

The public-private partnership (PPP) model has been increasingly popular in recent decades as a mechanism to support infrastructure related investment activity. PPPs creates many advantages for countries such as releasing from financial burden of high cost infrastructure investments, bringing high quality of public service and increasing efficiency of operations through transfer of private sector expertise. However, these benefits are not guaranteed for every PPP project since successful implementations are subject to several factors. This chapter aims to review the different aspects of PPPs in detail and examine the factors which play crucial roles for successful PPP implementation.

scholarly journals The Linkage between Public, Private Investment and Economic Growth—Evidence for the Developing ASEAN and Asian Countries

2017 ◽  
Vol 3 (4) ◽  
pp. 580 ◽  
Author(s):  
Nguyen Thi Canh, PhD. Prof. ◽  
Nguyen Anh Phong, PhD.
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Positive Impact ◽  
Public Investment ◽  
Private Investment ◽  
Public Private Partnership ◽  
Long Term Effects ◽  
Private Partnership ◽  
The Impact

<p><em>This study used a quantitative method to assess the impact of public investment on private investment and economic growth based on data from 18 developing countries over a 21-year period (1995-2015) by applying PVAR model combined with GMM. The findings show that all public investment and public-private partnership investments affect private investment as well as affect economic growth but the effects vary cyclically, by time period, and by group of countries.</em></p><p><em>For the ASEAN developing countries, public investment crowds out private investment in short term and crowds in private investment in the medium and long term, but it crowds out public-private partnership investment. For the developing countries in Asia, public investment has a positive impact on economic growth with the inverted U-shaped pattern which stimulates growth in the short and medium term, but in the long-term effects of stimulation growth tend to decrease.</em></p>

scholarly journals Public–Private Partnership Monitor: Philippines

2021 ◽  
Keyword(s):  
The Philippines ◽  
Public Private Partnership ◽  
Infrastructure Investment ◽  
Development Bank ◽  
Private Partnership ◽  
The Public ◽  
Current State ◽  
Infrastructure Investments ◽  
The Government ◽  
Mature Market

This publication presents a detailed overview of the current state of the public–private partnership (PPP) environment in the Philippines. In over three decades, the country developed a robust public–private partnership (PPP) enabling framework through the Build-Operate-Transfer Law of 2012 and the PPP Center. Among developing member countries of the Asian Development Bank, the Philippines has a relatively mature market that has witnessed 116 financially closed PPPs. Under the government’s 2017–2022 Development Plan that has an infrastructure investment target of $180 billion, PPPs are expected to play a pivotal role in financing national and subnational infrastructure investments. With a pipeline of 37 PPPs, the government is taking various steps to further improve the environment for PPPs.

THEORETICAL AND METHODOLOGICAL FUNDAMENTALS OF PUBLIC-PRIVATE PARTNERSHIP

2021 ◽  
Vol 4 (8) ◽  
pp. 11-18
Author(s):  
Dinara Atadjanova ◽  
Keyword(s):  
Public Sector ◽  
Scientific Basis ◽  
Public Private Partnership ◽  
Infrastructure Investment ◽  
Private Partnership ◽  
Definition Of ◽  
Theoretical Foundations ◽  
Practical Nature

This article examines the theoretical foundations and content of public-private partnership. It also presents the research of scientists who have analyzed the content, scientific basis and practical nature of public-private partnership. As a result of the research, the author gave an author definition of the concept of public-private partnership.Keywords: public, business entity, public-private partnership, public sector, infrastructure, investment, innovation, private partner.

scholarly journals Scaling Up Infrastructure Investment in the Philippines: Role of Public–Private Partnership and Issues

2017 ◽  
Author(s):  
Stephen Schuster ◽  
◽  
Joven Balbosa ◽  
Christine Tang ◽  
Takuji Komatzuzaki ◽  
...  
Keyword(s):  
Scaling Up ◽  
The Philippines ◽  
Public Private Partnership ◽  
Infrastructure Investment ◽  
Private Partnership

Explaining Public-Private Partnership Projects through Political Factors: An Assessment of Developing Countries

2021 ◽  
pp. 003232172110403
Author(s):  
Noemí Peña-Miguel ◽  
Beatriz Cuadrado-Ballesteros
Keyword(s):  
Developing Countries ◽  
Political Ideology ◽  
Political Competition ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Left Wing ◽  
Political Factors ◽  
Middle Income ◽  
Private Partnership ◽  
The Government

This article analyses the effect of political factors on the use of Public Private Partnerships in developing countries. According to a sample of 80 low- and middle-income countries over the period 1995–2017, our findings suggest that Public Private Partnership projects are affected by political ideology, the strength of the government and electoral cycles. Concretely, they tend to be used by left-wing governments to a greater extent than governments with other ideologies. Public Private Partnerships also tend to be more frequently used by fragmented governments and when there is greater political competition. There is also some evidence (although slight) on the relevance of the proximity of elections in explaining Public Private Partnerships in developing countries.

Determinants of the public-private partnership’ use: An empirical analysis

2021 ◽  
pp. 107-122
Author(s):  
S. G. Belev ◽  
K. V. Vekerle ◽  
I. A. Sokolov
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Institutional Environment ◽  
Investment Bank ◽  
Private Partnership ◽  
Investment Projects ◽  
The Public ◽  
Stable Relationship ◽  
European Investment

Using the Heckman procedure with the data of the European Investment Bank on investment projects implemented on the principles of PPP, the paper identifies factors that are significant for the development of PPP. In particular, the use of PPP turned out to be most sensitive to the maturity of economic development, as well as to the state’s budgetary constraints, which do not allow building all the necessary infrastructure for providing public goods at the expense of the budget. At the same time, there has been found no statistically stable relationship between the institutional environment and the implementation of PPP projects, which may be so due to the quality of the sample — for developing countries, the importance of institutional environment factors, as well as macroeconomic stability, would most likely be more obvious.

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