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The Role of Institutions in Private Participation in Infrastructure in Low- and Middle-income Countries: Greenfield versus Brownfield Projects

Author

Listed:
  • Hiroyuki Taguchi

    (Saitama University)

  • Yasushi Sunouchi

    (Saitama University)

Abstract

This paper aims to examine institutional effects on the private participation in infrastructure (PPI) projects by the type of greenfield and brownfield projects during the recent period for 2002-2017 with 117 low- and middle-income economies, by using the PPI and the Worldwide Governance Indicators database of the World Bank. The study contributes to enriching the evidence by updating the sample time-horizon and widening the coverage of sample economies, and by decomposing the PPI projects into greenfield and brownfield ones. The main findings of this study are summarized as follow: the institutional role in promoting the PPI projects are clearly identified in terms of government governance indicators such as government effectiveness, regulatory quality, rule of law and control of corruption; the institutional effects are confirmed to be greater on the greenfield projects than on the brownfield ones; and the macroeconomic conditions such as the market size of an economy are also significant promoters of the PPI projects.

Suggested Citation

  • Hiroyuki Taguchi & Yasushi Sunouchi, 2019. "The Role of Institutions in Private Participation in Infrastructure in Low- and Middle-income Countries: Greenfield versus Brownfield Projects," Economics Bulletin, AccessEcon, vol. 39(3), pages 2027-2039.
    • Handle: RePEc:ebl:ecbull:eb-19-00398
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    File URL: http://www.accessecon.com/Pubs/EB/2019/Volume39/EB-19-V39-I3-P190.pdf
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    References listed on IDEAS

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    1. Mr. Etienne B Yehoue & Miss Mona Hammami & Jean-François Ruhashyankiko, 2006. "Determinants of Public-Private Partnerships in Infrastructure," IMF Working Papers 2006/099, International Monetary Fund.
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    Cited by:

    1. 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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    More about this item

    Keywords

    Private Participation in Infrastructure; Institution; Worldwide Governance Indicator; Greenfield and Brownfield; Multicollinearity;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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