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Determinants of Outcomes of Public-Private Partnerships (PPP) in Infrastructure in Asia

Author

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  • Renato E. Reside, Jr.

    (School of Economics, University of the Philippines Diliman)

  • Amado M. Mendoza, Jr.

Abstract

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.

Suggested Citation

  • Renato E. Reside, Jr. & Amado M. Mendoza, Jr., 2010. "Determinants of Outcomes of Public-Private Partnerships (PPP) in Infrastructure in Asia," UP School of Economics Discussion Papers 201003, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:201003
    as

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    File URL: http://www.econ.upd.edu.ph/dp/index.php/dp/article/viewFile/5/5
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    References listed on IDEAS

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    1. 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.
    2. Flyvbjerg,Bent & Bruzelius,Nils & Rothengatter,Werner, 2003. "Megaprojects and Risk," Cambridge Books, Cambridge University Press, number 9780521009461.
    3. Tsebelis, George, 1999. "Veto Players and Law Production in Parliamentary Democracies: An Empirical Analysis," American Political Science Review, Cambridge University Press, vol. 93(3), pages 591-608, September.
    4. Tsebelis, George, 1995. "Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism," British Journal of Political Science, Cambridge University Press, vol. 25(3), pages 289-325, July.
    5. J. Luis Guasch, 2004. "Granting and Renegotiating Infrastructure Concessions : Doing it Right," World Bank Publications - Books, The World Bank Group, number 15024, December.
    6. Witold Jerzy Henisz, 2004. "Political Institutions and Policy Volatility," Economics and Politics, Wiley Blackwell, vol. 16(1), pages 1-27, March.
    7. 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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    Cited by:

    1. Asadullah Khan & Muhammad Waris & Ishak Ismail & Mirza Rizwan Sajid & Mehfooz Ullah & Faisal Usman, 2019. "Deficiencies in Project Governance: An Analysis of Infrastructure Development Program," Administrative Sciences, MDPI, vol. 9(1), pages 1-15, January.

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