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Hazard Analysis on Public–Private Partnership Projects in Developing Asia

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Listed:
  • Minsoo Lee
  • Xuehui Han
  • Pilipinas F. Quising
  • Mai Lin Villaruel

Abstract

. This paper applies survival time hazard analysis to estimate how project-related, macroeconomic, and institutional factors affect the hazard rate of the projects. Empirical results show that government’s provision of guarantees, involvement of multilateral development banks, and existence of a dedicated PPP unit are important for a project’s success. Privately initiated proposals should be regulated and undergo a competitive bidding to reduce the hazard rate of the project and the corresponding burden to government. Economic growth leads to successful project outcomes. Improved legal and institutional environment can ensure PPP success.

Suggested Citation

  • Minsoo Lee & Xuehui Han & Pilipinas F. Quising & Mai Lin Villaruel, 2018. "Hazard Analysis on Public–Private Partnership Projects in Developing Asia," Working Papers id:12878, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12878
    Note: Institutional Papers
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    References listed on IDEAS

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    1. World Bank, 2013. "Urbanization beyond Municipal Boundaries : Nurturing Metropolitan Economies and Connecting Peri-Urban Areas in India," World Bank Publications - Books, The World Bank Group, number 13105.
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    Cited by:

    1. Robert Osei-Kyei & Vivian W. Y. Tam & Ursa Komac & Godslove Ampratwum, 2023. "Review of the Relationship Management Strategies for Building Flood Disaster Resilience through Public–Private Partnership," Sustainability, MDPI, vol. 15(13), pages 1-16, June.
    2. Chan Young Park & Wooyong Jung & Seung H. Han, 2020. "Risk Perception Gaps Between Construction Investors and Financial Investors of International Public–Private Partnership (PPP) Projects," Sustainability, MDPI, vol. 12(21), pages 1-20, October.
    3. Wang, Nan & Akimoto, Keigo & Nemet, Gregory F., 2021. "What went wrong? Learning from three decades of carbon capture, utilization and sequestration (CCUS) pilot and demonstration projects," Energy Policy, Elsevier, vol. 158(C).

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