Econstor (Econstor) · 2010 · 17 citations · 3 references
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Public AffairsPublic AdministrationPublic PolicyInfrastructure GovernanceInfrastructure PolicyPublic EconomicsInfrastructure EfficiencyInfrastructure FinancingInfrastructure InvestmentOpen ContractingPublic-private Partnership EconomicsPublic-private PartnershipsCross-country ComparabilityIncentive ConditionalityIncentive ControlsMacroeconomic ConditionsMacroeconomic ImpactsPublic-private Partnership ContractsPublic-private Partnership DevelopmentPublic-private Partnership Fiscal Risk
This study analyzes cross-country data extracted from a large global database to identify the major risks affecting Asian PPP into six major factors: (1) macroeconomic environment; openness of economy; (2) incentive issues during planning, design and contracting phases; (3) political risk; (4) fiscal capacity of government; (5) firm-embodied traits: level of technical efficiency and capacity of proponents in construction and operations; and (6) other reasons - regulation, credit risk of buyers of output, etc. Policy recommendations are made.
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