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The public-private partnership (PPP) model has been increasingly popular in recent decades as a mechanism to support infrastructure related investment activity. PPPs creates many advantages for countries such as releasing from financial burden of high cost infrastructure investments, bringing high quality of public service and increasing efficiency of operations through transfer of private sector expertise. However, these benefits are not guaranteed for every PPP project since successful implementations are subject to several factors. This chapter aims to review the different aspects of PPPs in detail and examine the factors which play crucial roles for successful PPP implementation.

Purpose-The purpose of this study is to investigate the relationship between Public Private Partnership (PPP) activities and their impact on Gross Domestic Product (GDP). Methodology-The study employs a time series dataset of Turkey that includes the number of PPP activities and GDP between 1990-2014. The dataset was analyzed by Vector Auto Regression (VAR) method. Findings-The analysis reveals that there is only a weak association between GDP and PPP. Conclusion-The reason of this result might be related with the other macroeconomic factors that affect the growth of GDP as a proxy of overall economic development.Moreover, policy makers should consider other benefits of PPP on the way of making positive contributions to the budget constraints, heavily indebtedness, and lack of sufficient funds of countries.

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