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How public-private partnership projects impact infrastructure industry for economic growth

Author

Listed:
  • Abouzar Zangoueinezhad
  • Adel Azar

Abstract

Purpose - – Public-private partnership (PPP) is mutually beneficial relationships that are formed between the public and private sectors. The private-sector partner typically makes a substantial equity investment, and in return the public sector gains access to new or improved services. When properly vetted and structured, PPP allocate risk to the party best suited to handle it. The purpose of this paper is to examine the relationship between the scale and nature of the PPP's contribution as a driver of the economic growth and gross domestic product (GDP). Design/methodology/approach - – Using statistics causality modeling and relevant statistical techniques, the dynamic interactions and interdependencies over PPP and economic growth were addressed and quantified. Findings - – Although PPP can free up government resources for other public priorities, three key factors enable PPP to stimulate a country's economic growth: the number of PPP projects under way, the value of PPP projects, and the ideal type of PPP contracts in use. Originality/value - – The number, value, and type of PPP, combined with supportive policies, power economic growth. Governments with well-established and enforced policies against corruption, combined with low business transaction costs, a transparent legislative system, and exchange rate and monetary stability are far more attractive to the private sector.

Suggested Citation

  • Abouzar Zangoueinezhad & Adel Azar, 2014. "How public-private partnership projects impact infrastructure industry for economic growth," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 41(10), pages 994-1010, October.
    • Handle: RePEc:eme:ijsepp:v:41:y:2014:i:10:p:994-1010
    DOI: 10.1108/IJSE-04-2013-0083
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    Citations

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    Cited by:

    1. Konxheli Radoniqi DRITA, 2018. "The Relationship between Infrastructure and Economic Development – Case of Kosovo," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 38-46.
    2. Liu, Jiaqi & Liu, Jicai & Bu, Zehui & Zhou, Yining & He, Peifen, 2022. "Path analysis of influencing government's excessive behavior in PPP project: Based on field dynamic theory," Transportation Research Part A: Policy and Practice, Elsevier, vol. 166(C), pages 522-540.
    3. Yawovi Mawussé Isaac Amedanou, 2022. "Financing the economy in debt times: the crucial role of public-private partnerships," Working Papers hal-03545244, HAL.
    4. Adeeb A. Kutty & Galal M. Abdella & Murat Kucukvar & Nuri C. Onat & Melih Bulu, 2020. "A system thinking approach for harmonizing smart and sustainable city initiatives with United Nations sustainable development goals," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1347-1365, September.
    5. Xuemeng Guo & Bingyao Chen & Yuting Feng, 2022. "Public-Private Partnership Transportation Investment and Low-Carbon Economic Development: An Empirical Study Based on Spatial Spillover and Project Characteristics in China," Sustainability, MDPI, vol. 14(15), pages 1-22, August.
    6. Andrew K. Kamenju & Dr. T. Olweny, 2021. "The Nexus Between Internal Investment and Economic Growth in Kenya," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(2), pages 1-2.

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