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Examining Public Private Partnerships in ASEAN countries: the role of investment climate

Author

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  • Chandra EMIRULLAH

    (School of Government, College of Government, Law & International Studies, University Utara)

  • Muhammad AZAM

    (School of Economic, Finance & Banking, College of Business, University Utara)

Abstract

Evidently, the ASEAN countries are among those which have achieved remarkable economic growth rates in the world. But they are facing significant infrastructure bottlenecks which can threaten the sustainability of their development, if not solved effectively and efficiently well in time. Apparently, Public Private Partnership (PPP) arrangement promises to be an ideal solution for developing countries that have limited fiscal capacity such as ASEAN. However, PPP performance in this region is not very encouraging compared with other countries. This study attempts to look at the role of investment climate especially the economic and political factors that may affect the economic growth performance of PPP projects. For empirical investigation panel data approach is utilized, where mostly the estimated coefficients exhibit expected signs but are not statistically significant. Besides, each country has unobserved special characteristics that can affect the conduciveness of PPPs which should also be considered by policymakers.

Suggested Citation

  • Chandra EMIRULLAH & Muhammad AZAM, 2014. "Examining Public Private Partnerships in ASEAN countries: the role of investment climate," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(591)), pages 67-76, February.
    • Handle: RePEc:agr:journl:v:xxi:y:2014:i:2(591):p:67-76
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    Citations

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    Cited by:

    1. Fleta-Asín, Jorge & Muñoz, Fernando, 2020. "How does risk transference to private partner impact on public-private partnerships’ success? Empirical evidence from developing economies," Socio-Economic Planning Sciences, Elsevier, vol. 72(C).
    2. Jeffrey Kouton & Wilfried Sanogo & Nandi Djomgoue, 2023. "Risk allocation in energy infrastructure PPPs projects in selected African countries: does institutional quality, PPPs experience and income level make a difference?," Economic Change and Restructuring, Springer, vol. 56(1), pages 537-580, February.

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