Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203391
Authors: 
Lee, Minsoo
Han, Xuehui
Gaspar, Raymond
Alano, Emmanuel
Year of Publication: 
2018
Series/Report no.: 
ADB Economics Working Paper Series No. 551
Abstract: 
The provision of infrastructure and related services in developing Asia via publi-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.
Subjects: 
developing Asia
economic growth
infrastructure
poverty reduction
public-private partnership
JEL: 
H54
O11
O18
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

Files in This Item:
File
Size
520.71 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.