Determinants of Outcomes of Public-Private Partnerships (PPP) in Infrastructure in Asia
This study analyzes cross-country data extracted from a large global database to identify the major risks affecting Asian PPP into six major factors : (1) macroeconomic environment; openness of economy; (2) incentive issues during planning, design and contracting phases; (3) political risk; (4) fiscal capacity of government; (5) firm-embodied traits : level of technical efficiency and capacity of proponents in construction and operations; and (6) other reasons-- regulation, credit risk of buyers of output, etc. Policy recommendations are made.
|Date of creation:||Mar 2010|
|Date of revision:|
|Publication status:||Published as UPSE Discussion Paper No. 2010-03, March 2010|
|Contact details of provider:|| Postal: Diliman, Quezon City 1101|
Web page: http://www.econ.upd.edu.ph/
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- Mackie, Peter & Preston, John, 1998. "Twenty-one sources of error and bias in transport project appraisal," Transport Policy, Elsevier, vol. 5(1), pages 1-7, January.
- Witold Jerzy Henisz, 2004. "Political Institutions and Policy Volatility," Economics and Politics, Wiley Blackwell, vol. 16(1), pages 1-27, 03.
- Renato E. Reside, Jr., 2008. "Global Determinants of Stress and Risk in Public-Private Partnerships (PPP) in Infrastructure," DEGIT Conference Papers c013_032, DEGIT, Dynamics, Economic Growth, and International Trade.
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