Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis
Drawing on a comprehensive panel data of 137 low income and developing countries, this study queries the macro-economic drivers of Public Private Partnership (PPP) in these countries. PPP is mainly used as a method to address infrastructure needs of nation states which cannot allocate their financia...
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Format: | Article |
Language: | English |
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Elsevier
2022-01-01
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Series: | Borsa Istanbul Review |
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Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845021000028 |
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author | Hakan Yurdakul Rıfat Kamaşak Tülay Yazar Öztürk |
author_facet | Hakan Yurdakul Rıfat Kamaşak Tülay Yazar Öztürk |
author_sort | Hakan Yurdakul |
collection | DOAJ |
description | Drawing on a comprehensive panel data of 137 low income and developing countries, this study queries the macro-economic drivers of Public Private Partnership (PPP) in these countries. PPP is mainly used as a method to address infrastructure needs of nation states which cannot allocate their financial resources towards infrastructure investments and/or cannot secure finance through other instruments. Previous studies in the field remain partial as they included a limited number of macro-economic factors and a smaller number of countries. Our findings suggest that general government balance, population size, money supply and the share of investments in GDP are significant determinants of PPP activity. |
first_indexed | 2024-04-11T08:59:33Z |
format | Article |
id | doaj.art-8060f27a99b14964931565e01b52032f |
institution | Directory Open Access Journal |
issn | 2214-8450 |
language | English |
last_indexed | 2024-04-11T08:59:33Z |
publishDate | 2022-01-01 |
publisher | Elsevier |
record_format | Article |
series | Borsa Istanbul Review |
spelling | doaj.art-8060f27a99b14964931565e01b52032f2022-12-22T04:32:50ZengElsevierBorsa Istanbul Review2214-84502022-01-012213746Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysisHakan Yurdakul0Rıfat Kamaşak1Tülay Yazar Öztürk2Presidency of the Republic of Turkey, TurkeyYeditepe University, Istanbul, Turkey; Corresponding author.Yeditepe University, Istanbul, TurkeyDrawing on a comprehensive panel data of 137 low income and developing countries, this study queries the macro-economic drivers of Public Private Partnership (PPP) in these countries. PPP is mainly used as a method to address infrastructure needs of nation states which cannot allocate their financial resources towards infrastructure investments and/or cannot secure finance through other instruments. Previous studies in the field remain partial as they included a limited number of macro-economic factors and a smaller number of countries. Our findings suggest that general government balance, population size, money supply and the share of investments in GDP are significant determinants of PPP activity.http://www.sciencedirect.com/science/article/pii/S2214845021000028Public private partnershipInfrastructure investmentsLow-income countriesDeveloping countriesMacroeconomic variablesPanel data analysis |
spellingShingle | Hakan Yurdakul Rıfat Kamaşak Tülay Yazar Öztürk Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis Borsa Istanbul Review Public private partnership Infrastructure investments Low-income countries Developing countries Macroeconomic variables Panel data analysis |
title | Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis |
title_full | Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis |
title_fullStr | Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis |
title_full_unstemmed | Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis |
title_short | Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis |
title_sort | macroeconomic drivers of public private partnership ppp projects in low income and developing countries a panel data analysis |
topic | Public private partnership Infrastructure investments Low-income countries Developing countries Macroeconomic variables Panel data analysis |
url | http://www.sciencedirect.com/science/article/pii/S2214845021000028 |
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