Examining Public Private Partnerships in ASEAN countries: the role of investment climate
Evidently, the ASEAN countries are among those which have achieved remarkable economic growth rates in the world. But they are facing significant infrastructure bottlenecks which can threaten the sustainability of their development, if not solved effectively and efficiently well in time. Apparently,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2014-02-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/953.pdf
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| Summary: | Evidently, the ASEAN countries are among those which have achieved
remarkable economic growth rates in the world. But they are facing significant
infrastructure bottlenecks which can threaten the sustainability of their development, if
not solved effectively and efficiently well in time. Apparently, Public Private Partnership
(PPP) arrangement promises to be an ideal solution for developing countries that have
limited fiscal capacity such as ASEAN. However, PPP performance in this region is not
very encouraging compared with other countries. This study attempts to look at the role
of investment climate especially the economic and political factors that may affect the
economic growth performance of PPP projects. For empirical investigation panel data
approach is utilized, where mostly the estimated coefficients exhibit expected signs but
are not statistically significant. Besides, each country has unobserved special
characteristics that can affect the conduciveness of PPPs which should also be
considered by policymakers. |
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| ISSN: | 1841-8678 1844-0029 |