Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: a panel data analysis

Yurdakul, H., Kamaşak, R. ORCID: https://orcid.org/0000-0001-8768-3569 and Yazar Öztürk, T. (2022) Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: a panel data analysis. Borsa Istanbul Review, 22 (1). pp. 37-46. ISSN 2214-8450 doi: 10.1016/j.bir.2021.01.002

Abstract/Summary

Drawing on a comprehensive panel data of 137 low income and developing countries, this study queries the macro-economic drivers of Public Private Partnership (PPP) in these countries. PPP is mainly used as a method to address infrastructure needs of nation states which cannot allocate their financial resources towards infrastructure investments and/or cannot secure finance through other instruments. Previous studies in the field remain partial as they included a limited number of macro-economic factors and a smaller number of countries. Our findings suggest that general government balance, population size, money supply and the share of investments in GDP are significant determinants of PPP activity.