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

Authors
Disciplines
  • Design
  • Economics
  • Political Science

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.

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