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Deriving Macroeconomic Benefits from Public–Private Partnerships in Developing Asia

dc.contributor.authorMinsoo Lee
dc.contributor.authorXuehui Han
dc.contributor.authorRaymond Gaspar
dc.contributor.authorEmmanuel Alano
dc.date.accessioned2018-09-10T17:21:02Z
dc.date.available2018-09-10T17:21:02Z
dc.date.issued2018-08-15
dc.identifier.issn2313-6537 (print)
dc.identifier.issn2313-6545 (electronic)
dc.identifier.urihttp://hdl.handle.net/11540/8648
dc.description.abstractThe 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.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleDeriving Macroeconomic Benefits from Public–Private Partnerships in Developing Asia
dc.typeWorking Papers
dc.subject.expertFinancial & Private Sector Development
dc.subject.expertPrivate Sector Investments
dc.subject.expertPrivate Sector Participation
dc.subject.expertPrivate Sector Projects
dc.subject.expertPublic Sector Infrastructure
dc.subject.expertPublic Sector Management
dc.subject.expertPublic Sector Projects
dc.subject.adbPrivate enterprises
dc.subject.adbPrivate ownership
dc.subject.adbGovernment
dc.subject.adbPublic enterprises
dc.subject.adbPublic finance
dc.subject.adbInfrastructure projects
dc.subject.adbDevelopment projects
dc.subject.adbFinancial loss
dc.subject.naturalCentral local government relations
dc.subject.naturalAdministration
dc.subject.naturalDecentralization in government
dc.subject.naturalSubnational governments
dc.subject.naturalGovernment monopolies
dc.subject.naturalIntergovernmental fiscal relations
dc.subject.naturalInvestment of public funds
dc.subject.naturalLocal finance
dc.subject.naturalGovernment services
dc.subject.naturalState governments
dc.subject.naturalMunicipal government
dc.subject.naturalBank failures
dc.title.seriesADB Economics Working Paper Series
dc.title.volumeNo. 551
dc.contributor.imprintAsian Development Bank
oar.themePrivate Sector
oar.themePublic Sector
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-008226
oar.authorLee, Minsoo
oar.authorHan, Xuehui
oar.authorGaspar, Raymond
oar.authorAlano, Emmanuel
oar.importTRUE
oar.googlescholar.linkpresenttrue


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