IDEAS home Printed from https://ideas.repec.org/a/jda/journl/vol.52year2018issue1pp183-209.html
   My bibliography  Save this article

Meta Review Of Critical Risk Factors In Ppp Projects Of Emerging Nations In South Asia

Author

Listed:
  • Bilal Anwar
  • Zhongdong Xiao
  • Hafiz Waqar Abbas
  • Zulfiqar Ali

    (Xi’an Jiaotong University, China
    NUML University, Pakistan)

Abstract

In recent years, Public Private Partnerships (PPPs) has been developed as one of the best approaches in many nations (like Australia, UK etc.) for delivering social infrastructure projects. PPPs are those risk sharing investment plans stipulated for public goods and services seen by governments as a mean to launch investment plans which would not have been imaginable within the existing public sector budget inside rational time. The multi objectives of PPP’s including to support infrastructure development, increasing construction and operational efficiencies, developed local economy, reducing costs, improving the service quality in embedding the private sector skills, knowledge expertise and funds have drawn growing interest from policy makers, industry practitioners and scholars. Whereas role of efficaciously implemented PPP projects seems to be very confined in emerging markets from South Asia. This paper offers pragmatic implications for investors in various types of infrastructure projects of emerging markets of south Asian countries like transportation, energy, communication, water supply, water sewage, education, health etc. This study uses SPSS for analysis of data through Run test, Kolmogorov Smirnov test & Mann Whitney-U test. This article identifies the critical risks and meta-analysis of risk factors criticality through questionnaire which was based on 20 years Meta review of literature on PPP projects, case studies, interviews from public/private sector, academicians and established ten most critical common risk factors in two countries (Bangladesh, Pakistan). The first most critical factor is the unsoundness of political government. The second important factor is the engagement level and consistent policies of governments regardless of change in political regime. The third critical factor is the financial attraction in project for investors. The fourth important critical factor is the obtainability of finance.

Suggested Citation

  • Bilal Anwar & Zhongdong Xiao & Hafiz Waqar Abbas & Zulfiqar Ali, 2018. "Meta Review Of Critical Risk Factors In Ppp Projects Of Emerging Nations In South Asia," Journal of Developing Areas, Tennessee State University, College of Business, vol. 52(1), pages 183-209, January-M.
  • Handle: RePEc:jda:journl:vol.52:year:2018:issue1:pp:183-209
    as

    Download full text from publisher

    File URL: https://muse.jhu.edu/article/676873
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Emerging Markets; PPP; infrastructure development; risk factors;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jda:journl:vol.52:year:2018:issue1:pp:183-209. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Abu N.M. Wahid (email available below). General contact details of provider: https://edirc.repec.org/data/cbtnsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.