Deriving Macroeconomic Benefits from Publicâ€“Private Partnerships in Developing Asia
Minsoo Lee (),
Xuehui Han (),
Raymond Gaspar and
Emmanuel Alano ()
Working Papers from eSocialSciences
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 regionâ€™s efforts to further upgrade its technical and institutional capacity to handle complex PPP contracts.
Keywords: eSS; developing Asia; economic growth; infrastructure; poverty reduction; publicâ€“private partnership (PPP); economic gains; economy; investment; GDP; infrastructure services; economic growth; technical capacity; institutional capacity; PPP contracts. (search for similar items in EconPapers)
Note: Institutional Papers
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