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Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis

Authors :
Rifat Kamasak
Tulay Yazar Ozturk
Hakan Yurdakul
Source :
Borsa Istanbul Review, Vol 22, Iss 1, Pp 37-46 (2022)
Publication Year :
2022
Publisher :
Elsevier, 2022.

Abstract

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.

Details

Language :
English
ISSN :
22148450
Volume :
22
Issue :
1
Database :
OpenAIRE
Journal :
Borsa Istanbul Review
Accession number :
edsair.doi.dedup.....abefda1c9aec8d3cdcae6509af4ce3ed