Infrastructure Investments in Developing Economies

Dang, Giang T.; Pheng, Low Sui

doi:10.1007/978-981-287-248-7

Cited by 59 publications

(43 citation statements)

References 111 publications

(187 reference statements)

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“…As can be seen, there were 31 respondents from the public sector (27.68%), which was the fewest among the three parties. This is because there were a limited number of state agencies involved in the PPP projects of Vietnam [48]. As a result, the government officers who were qualified to participate in our data survey were also limited.…”

Section: Methodsmentioning

confidence: 99%

Success Factors for Public-Private Partnership Infrastructure Projects in Vietnam

Nguyen¹,

Likhitruangsilp²,

Onishi³

2020

Int. J. Adv. Sci. Eng. Inf. Technol.

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Infrastructure projects require a great amount of capital investment resulting from their tremendous size, complexity, and risk. Due to the limitation of public finances, the private sector is invited to participate in infrastructure project development. The private sector can entirely or partially invest in an infrastructure project in the form of a public-private partnership (PPP) scheme, which has been an attractive option for several developing countries, including Vietnam. Unfortunately, despite the PPP scheme will improve project efficiencies and attract capital investments of private investors, the success of PPP implementation is not guaranteed. This paper investigates the critical success factors (CSFs) of PPP infrastructure projects in Vietnam. Relevant data were collected through in-depth interviews with six PPP experts and questionnaire surveys with 150 interviewees and then analyzed by the word cloud technique and the one-way analysis of variance (ANOVA) test. The CSFs were ranked based on the viewpoints of the public sector, the private sector, and the PPP consultants. The outcomes show that there was no significant difference in the perceptions of all three parties concerning the success factors for PPP infrastructure projects in Vietnam. The top five critical success factors are (1) timely land acquisition and appropriate compensation, (2) financial capacity of the private sector, (3) effective project management, (4) favorable and complete legal framework and regulations, and (5) financial feasibility and attraction. Recognizing the CSFs is indispensable to ensure the success of PPP infrastructure project implementation.

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Section: Methodsmentioning

confidence: 99%

Success Factors for Public-Private Partnership Infrastructure Projects in Vietnam

Nguyen¹,

Likhitruangsilp²,

Onishi³

2020

Int. J. Adv. Sci. Eng. Inf. Technol.

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“…Research on the economic development stage dates back to the 1950s with some of the most prominent theories of economic development, which can be summarized as four models—the linear stages of growth models, structural change models, international dependence models, and neoclassical counterrevolution models (Dang & Pheng, ). However, given the extreme complexity and massive scale of economic development, a set of measurement indices is required that are as few and as simple as possible but that simultaneously contain as much information as possible for the stage division.…”

Section: Methodsmentioning

confidence: 99%

Spatial–temporal evolution of the port–hinterland relationship: A case study of the Midstream Yangtze River, China

et al. 2019

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Most scientific attention on port studies centers on deep sea ports, especially container ports. In this paper, in contrast, attention is focused on the spatial–temporal development of inland waterway ports on the Midstream Yangtze River from 2001 to 2013. The aim of this study is to assess two relevant and complementary questions of the hinterland evolution: its geographical extent and the coordination relationship with the inland port. To conduct the study, it was necessary to first identify the boundaries of the ports' hinterlands within the given timeframe. Then, the coupling coordination degree model was introduced to explore the underlying relationship between the port service and hinterland economy. Furthermore, to better depict the intricate economic characteristics of the hinterland, the development stage theory was applied in the models. The results highlight the emergence of a discontinuous hinterland at Wuhan Port and its reinforcement of primacy with respect to fierce hinterland rivalry. It also demonstrates that an interplay between major ports and their corresponding hinterlands evolves from the transitional stage, characterized by lagging port service, to the multi‐stage, wherein the supply of ports partly outstrips hinterland demand.

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“…Some are of the view that investment in advanced infrastructure facilities can be costly for developing countries with scarce resources as it drains the financing that could have been allocated to other emerging developmental plans. Low planning and implementation capacities (Dang & Sui Pheng, 2015), and inadequate human capital (Hanushek, 2013) among other contributing factors can lead to developing economies abandoning investment in other projects with higher socio-economic outcomes if they merely prioritize investment in infrastructure projects. However, existing empirical findings on the impact of infrastructure on development in developing countries find positive nexus between infrastructure and economic development (Straub & Terada-Hagiwara, 2010) just as it enhances total productivity factor (Escribano, Guasch, & Pena, 2010).…”

Section: Infrastructure Developmentmentioning

confidence: 99%

Integrating the Belt and Road Initiative and Technical and Vocational Education and Training for Inclusive Growth and Development in Africa

2019

DCS

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Africa is plagued with persistent low competitiveness ranking at the lower rungs of the Global value Chain ladder in spite of the abundant resources the continent is endowed with. The demographic composition coupled with enormous resources of the continent are expected to be core drivers of comparative advantage in the quest for development, but these have not been properly harnessed. Technical and Vocational Education and Training (TVET) is believed to be pivotal to achieving targeted national or regional development goals, however, this critical aspect of education is being grossly neglected on the continent. TVET thrives through a coordinated synergy with economic environment in which it operates. A conducive environment for employment generating investments will strengthen the TVET systems and promote the development of key economic sectors to attract the requisite foreign development inputs. The Belt and Road Initiative (BRI) provides an avenue for flow of development inputs into Africa and fulfilling the BRI objectives in achieving inclusive growth and development in Africa requires effective capacity building beyond skills training of manpower. This paper examined the nexus between TVET and development, the opportunities available for BRI and TVET in key sectors of the economies in Africa. It emphasized that beyond the acquisition of skills, the continent should utilize the opportunities of BRI platform to promote inclusive growth and development by providing conducive environment for job creation through regional integration driven by infrastructure development, industrialization coupled with urbanization, and investment in research and development. It recommended that African countries should build and maintain strong and development driven TVET systems by taking cue from Chinese successful experience. The paper posited that the design of TVET system should dovetail with the national, regional and continental development goals to guaranty inclusive growth and development across the continent.

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Infrastructure Investments in Developing Economies

Cited by 59 publications

References 111 publications

Success Factors for Public-Private Partnership Infrastructure Projects in Vietnam

Success Factors for Public-Private Partnership Infrastructure Projects in Vietnam

Spatial–temporal evolution of the port–hinterland relationship: A case study of the Midstream Yangtze River, China

Integrating the Belt and Road Initiative and Technical and Vocational Education and Training for Inclusive Growth and Development in Africa

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