Government Support Index and Public Support for Public-Private Partnerships in Asian Countries

Saulegul Reidolda; Aigul  Berzhanova; Stepannikova  Oksana Alekseevna; Bayan Zhabytai; Ainur Alpysbayeva

doi:10.48161/qaj.v6n4a2265

Authors

Saulegul Reidolda Department of Economics and Entrepreneurship, L.N. Gumilyov Eurasian National University, Astana 010000, Kazakhstan; https://orcid.org/0000-0002-6623-8703
Aigul Berzhanova Department of Economics and Entrepreneurship, L.N. Gumilyov Eurasian National University, Astana 010000, Kazakhstan; https://orcid.org/0000-0002-8677-1767
Stepannikova Oksana Alekseevna Department of Finance, Accounting and Audit, P. Lumumba RUDN University, Moscow 119361, Russia;
Bayan Zhabytay Department of Finance and Accounting, K. Kulazhanov Kazakh University of Technology and Business, Astana 010000, Kazakhstan; https://orcid.org/0000-0002-9437-2619
Ainur Alpysbayeva School of Economics, Astana International University, Astana 010000, Kazakhstan. https://orcid.org/0000-0001-6444-2148

DOI:

https://doi.org/10.48161/qaj.v6n4a2265

Keywords:

Public Private Partnership (PPP), Government support index, Institutional development, PPP readiness, Infrastructure financing, Investment climate, Asia.

Abstract

The purpose of the study is to assess the level of government support for Public – Private Partnership (PPP) in Asian countries, identify the main factors affecting it and assess their impact on the implementation of PPP projects. The study covers 15 Asian countries. As a methodological basis, the PPP Government Support Index (GSI) was developed and calculates according to five criteria: regulation, institutions, maturity, investment and business climate and financing. Different initial data were normalized to a single 0-2 scale, and measurements were combined with the corresponding weight. The stability of the index was tested using alternative weighting scenarios. The results showed that there are significant differences in the level of government support for PPP among Asian countries. The stability analysis showed that the relative positions of countries are largely maintained. The results of the study show the importance of improving the institutional and regulatory environment, the investment climate and financing mechanisms in improving the effectiveness of PPP. The updated GSI framework offers a functional and analytically sound instrument for assessing government support programs, pinpointing policy discrepancies, and overseeing focused approaches to enhance PPP management and infrastructure growth in Asia.

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Author Biography

Stepannikova Oksana Alekseevna , Department of Finance, Accounting and Audit, P. Lumumba RUDN University, Moscow 119361, Russia;

Department of Finance, Accounting, and Auditing, RUDN University, Moscow, Russia

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