Analysis Of Determinants Of Public-Private Partnerships In Asia And Comparison Before And After The Asian Financial Crisis

This paper presents an empirical analysis of public-private partnerships (PPP) in Asian developing countries. The paper considers the determinants of total number of PPPs and the total investment amount of PPPs. The determinants taken into consideration are political stability, regulatory quality, and rule of law, population, GDP per capita, real GDP growth rate, and annual inflation rate. The analysis focuses on four main sectors including energy, telecommunication, transport, water and sewerage sector. Through regression, I find that PPPs tend to be more common in countries with higher demand, higher political stability, and also higher regulatory quality. Besides, in each individual sector, some independent variables have different extent of effect on the total number and total investment amount of PPPs. What's more, I find that before and after the Asian financial crisis, the independent variables have different impact on the dependent variable.