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    Deriving Macroeconomic Benefits from Public–Private Partnerships in Developing Asia

    Lee, Minsoo; Han, Xuehui; Gaspar, Raymond; Alano, Emmanuel | August 2018
    Abstract
    The provision of infrastructure and related services in developing Asia via public–private partnership (PPP) increased rapidly during the late 1990s. Theoretical arguments support the potential economic benefits of PPPs, but empirical evidence is thin. This paper develops a framework identifying channels through which economic gains can be derived from PPP arrangement. The framework helps derive an empirically tractable specification that examines how PPPs affect the aggregate economy. Empirical results suggest that increasing the ratio of PPP investment to GDP improves access to and quality of infrastructure services, and economic growth will potentially be higher. But this optimism is conditional, especially on the region’s efforts to further upgrade its technical and institutional capacity to handle complex PPP contracts.
    Citation
    Lee, Minsoo; Han, Xuehui; Gaspar, Raymond; Alano, Emmanuel. 2018. Deriving Macroeconomic Benefits from Public–Private Partnerships in Developing Asia. © Asian Development Bank. http://hdl.handle.net/11540/8648. License: CC BY 3.0 IGO.
    ISSN
    2313-6537 (print)
    2313-6545 (electronic)
    Keywords
    Financial & Private Sector Development
    Private Sector Investments
    Private Sector Participation
    Private Sector Projects
    Public Sector Infrastructure
    Public Sector Management
    Public Sector Projects
    Private enterprises
    Private ownership
    Government
    Public enterprises
    Public finance
    Infrastructure projects
    Development projects
    Financial loss
    Central local government relations
    Administration
    Decentralization in government
    Subnational governments
    Government monopolies
    Intergovernmental fiscal relations
    Investment of public funds
    Local finance
    Government services
    State governments
    Municipal government
    Bank failures
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8648
    Metadata
    Show full item record
    Thumbnail
    ewp-551-macroeconomic-benefits-ppps-asia.pdf (520.7Kb)
    Author
    Lee, Minsoo
    Han, Xuehui
    Gaspar, Raymond
    Alano, Emmanuel
    Theme
    Private Sector
    Public Sector
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise