Hazard Analysis on Public�Private Partnership Projects in Developing Asia

Lee, Minsoo; Han, Xuehui; Quising, Pilipinas; Villaruel, Mai Lin

doi:10.22617/wps189453-2

Cited by 12 publications

(8 citation statements)

References 26 publications

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“…However, only 216 projects were completed during the period. The cancellation of PPP projects is of great concern, especially in developing countries facing fiscal constraints (Lee et al, 2018). Failure of PPP projects as an image that PPP cannot work well.…”

Section: Results and Discussion Public Financing Model In Long-term A...mentioning

confidence: 99%

“…Long-term contracts have also led to ongoing negotiations between the government and the business sector. Renegotiation is still a phenomenon in some less developed nations, such as Latin America and the Caribbean, where projects are abandoned due to the incapacity of the private (or public) sector to meet contractual obligations (Lee et al, 2018).…”

Section: Results and Discussion Public Financing Model In Long-term A...mentioning

confidence: 99%

“…The lengthy contractual agreements and the numerous stakeholders involved have rendered PPP challenging at best or caused their termination at worst, according to (Lee et al, 2018). An escalation in tensions among contracting parties has compelled the termination of agreements since the early 1980s.…”

Section: Introductionmentioning

confidence: 99%

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Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects

Wulandari,

Septian

2024

j. gov. soc. politicol.

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This research aims to analyze alternative models of public financing in the Public-Private Partnership (PPP) scheme involving the government and the corporate sector. This research utilizes a qualitative research method with a content analysis data collection methodology to examine the limitations and shortcomings of PPPs. The findings of this study indicate that Public-Private Partnerships (PPPs) have shown a persistent pattern of failure, leading to continuous renegotiation between the government and the private sector. The implementation of PPPs carries risks that can lead to a loss of public oversight of PPP initiatives. The government's lack of experience in making judgments that can carry political risk also plays a role. The PPP model sets a higher cost of capital, which causes the private sector to charge higher tariffs to customers, possibly resulting in a monopoly by private companies. PPPs have imposed a burden on the state and faced opposition to privatization due to a lack of understanding among parties involved in state-owned enterprises (SOEs). The government lacks transparency in decision-making regarding privatization and fails to provide adequate information to stakeholders involved in SOE privatization. Government decision-making on privatization lacks transparency and does not follow established processes and procedures.

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Section: Results and Discussion Public Financing Model In Long-term A...mentioning

confidence: 99%

Section: Results and Discussion Public Financing Model In Long-term A...mentioning

confidence: 99%

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Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects

Wulandari,

Septian

2024

j. gov. soc. politicol.

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“…Koala (2020) asserted that developed economies require that beneficiary countries establish acquisition capabilities and achieve the relevant requirements for efficiency and probity before disbursing foreign aid. The effectiveness of governments in emerging economies diminishes the negative association between private investment and risk allocation, as quality of bureaucracy has a substantial influence on PPP outcomes (Lee et al, 2018). The role of the government in PPP projects is crucial and varied.…”

Section: Government Effectivenessmentioning

confidence: 99%

The role of institutional and governance factors in public–private partnerships infrastructure investments in emerging economies

Gupta

Sharma

2023

Journal of Public Affairs

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The overall development and sustained growth of any economy depend heavily on its infrastructure provisioning. Emerging economies are usually characterised by constrained public investments in infrastructure. Budgetary constraints of the governments are one of the major hurdles to these investments. Due to these reasons that governments of emerging economies continuously seek collaborations with the private sector for additional sources of funding infrastructure. Economies with solid institutional and governance frameworks are known to provide a conducive environment for enhanced private sector attraction in the sector. However, emerging economies face greater institutional and governance issues than developed economies, and they sometimes fall short of luring private investments in the infrastructure sector. The objective of this study is to empirically evaluate the role of institutional and governance aspects in private sector attraction in emerging economies. This study provides empirical evidence with a sample of 114 emerging economies over a period of 20 years. Various econometric estimates were developed to explore the interplay between public‐private partnership investments and governance factors. The results of the study provide an evidence of a positive association between these factors and private investments in public‐private partnership arrangements.

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“…have become important means of efficiently promoting supply-side reform and avoiding systemic risks (Lou, 2013). However, despite local governments' efforts to promote the PPP model, the problem of low participation in developing countries has always existed (Lee et al, 2018). Therefore, this study establishes a different indicator from previous research to represent private capital participation and selects variables that can represent government credit risk.…”

Section: Introductionmentioning

confidence: 98%

Influence of public credit risk on private capital in public–private partnership models

Sun

2022

Manage Decis Econ

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Public credit risk is an important factor in private capital's decision to participate in public–private partnership (PPP) projects. We explore why private capital participates in such projects using dynamic game theory. We assess the framework of credit rating agencies assessment of local fiscal risk and construct a measure of fiscal commitment risk and public credit risk evaluation indicators. Using China's provincial panel data from 2013 to 2019, we found that government credit risk reduces private partner participation. Private capital participates in PPP projects for profit if the local government has established good credit awareness and contractual spirit.

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Hazard Analysis on Public�Private Partnership Projects in Developing Asia

Cited by 12 publications

References 26 publications

Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects

Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects

The role of institutional and governance factors in public–private partnerships infrastructure investments in emerging economies

Influence of public credit risk on private capital in public–private partnership models

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