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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Main Authors: Hakan Yurdakul, Rıfat Kamaşak, Tülay Yazar Öztürk
Format: Article
Language:English
Published: Elsevier 2022-01-01
Series:Borsa Istanbul Review
Subjects:
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.
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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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AT rıfatkamasak macroeconomicdriversofpublicprivatepartnershippppprojectsinlowincomeanddevelopingcountriesapaneldataanalysis
AT tulayyazarozturk macroeconomicdriversofpublicprivatepartnershippppprojectsinlowincomeanddevelopingcountriesapaneldataanalysis