Economic Research Publications

An Empirical Analysis of the Factors that Influence Infrastructure Project Financing by Banks in Select Asian Economies

This paper analyzes a critical aspect of expanding private finance to infrastructure by examining the role of bank lending to public–private partnership (PPP) projects through the project finance modality.

Determinants of Public–Private Partnerships in Infrastructure in Asia: Implications for Capital Market Development

A well-functioning corporate bond market in developing countries can offer long-term financing to public–private partnership investments in infrastructure development.

Deriving Macroeconomic Benefits from Public–Private Partnerships in Developing Asia

Public–private partnerships (PPPs) can be vehicles to involve the private sector in attaining national development goals. Either as an infrastructure project or a public finance tool, PPPs can potentially bring macroeconomic benefits.

Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 1)

The single most important factor that explains East Asia’s development success was its fast structural transformation toward industrialization, manufacturing in particular.

Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 2)

Growth rates approaching 10% per annum in East Asia required active governments that directed and consciously accelerated industrial development through the use of industrial policies.

Hazard Analysis on Public–Private Partnership Projects in Developing Asia

Governments in developing Asia can provide capital and revenue subsidies to help public–private partnership projects become more viable and mitigate risks.