The China-Pakistan Economic Corridor (CPEC) has been one of the most prominent components of the Belt and Road Initiative (BRI). Most of the discussion on CPEC has centered around the macroeconomic effects on the economy. However, research on the fine details of CPEC’s financing structure has not been conducted. This paper aims to fill the gap by providing a detailed description of the financing of CPEC and how the money maps on to different sectors of the Pakistani economy. We also discuss some macroeconomic concerns and ways to mitigate these risks.
{"title":"China-Pakistan Economic Corridor: Where is the money going?","authors":"Muhammad Khudadad Chattha, M. Sayed","doi":"10.24294/JIPD.V3I1.1117","DOIUrl":"https://doi.org/10.24294/JIPD.V3I1.1117","url":null,"abstract":"The China-Pakistan Economic Corridor (CPEC) has been one of the most prominent components of the Belt and Road Initiative (BRI). Most of the discussion on CPEC has centered around the macroeconomic effects on the economy. However, research on the fine details of CPEC’s financing structure has not been conducted. This paper aims to fill the gap by providing a detailed description of the financing of CPEC and how the money maps on to different sectors of the Pakistani economy. We also discuss some macroeconomic concerns and ways to mitigate these risks.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86849408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Marcelo, R. House, Cledan Mandri-Perrott, Jordan Schwartz
Learning from experience to improve future infrastructure public-private partnerships is a focal issue for policy makers, financiers, implementers, and private sector stakeholders. An extensive body of case studies and “lessons learned” aims to improve the likelihood of success and attempts to avoid future contract failures across sectors and geographies. This paper examines whether countries do, indeed, learn from experience to improve the probability of success of public-private partnerships at the national level. The purview of the paper is not to diagnose learning across all aspects of public-private partnerships globally, but rather to focus on whether experience has an effect on the most extreme cases of public-private partnership contract failure, premature contract cancellation. The analysis utilizes mixed-effects probit regression combined with spline models to test empirically whether general public-private partnership experience has an impact on reducing the chances of contract cancellation for future projects. The results confirm what the market intuitively knows, that is, that public-private partnership experience reduces the likelihood of contract cancellation. But the results also provide a perhaps less intuitive finding: the benefits of learning are typically concentrated in the first few public-private partnership deals. Moreover, the results show that the probability of cancellation varies across sectors and suggests the relative complexity of water public-private partnerships compared with energy and transport projects. An estimated $1.5 billion per year could have been saved with interventions and support to reduce cancellations in less experienced countries (those with fewer than 23 prior public-private partnerships).
{"title":"Do countries learn from experience in infrastructure public–private partnerships? Public–private partnerships practice and contract cancellation","authors":"D. Marcelo, R. House, Cledan Mandri-Perrott, Jordan Schwartz","doi":"10.24294/JIPD.V3I1.1084","DOIUrl":"https://doi.org/10.24294/JIPD.V3I1.1084","url":null,"abstract":"Learning from experience to improve future infrastructure public-private partnerships is a focal issue for policy makers, financiers, implementers, and private sector stakeholders. An extensive body of case studies and “lessons learned” aims to improve the likelihood of success and attempts to avoid future contract failures across sectors and geographies. This paper examines whether countries do, indeed, learn from experience to improve the probability of success of public-private partnerships at the national level. The purview of the paper is not to diagnose learning across all aspects of public-private partnerships globally, but rather to focus on whether experience has an effect on the most extreme cases of public-private partnership contract failure, premature contract cancellation. The analysis utilizes mixed-effects probit regression combined with spline models to test empirically whether general public-private partnership experience has an impact on reducing the chances of contract cancellation for future projects. The results confirm what the market intuitively knows, that is, that public-private partnership experience reduces the likelihood of contract cancellation. But the results also provide a perhaps less intuitive finding: the benefits of learning are typically concentrated in the first few public-private partnership deals. Moreover, the results show that the probability of cancellation varies across sectors and suggests the relative complexity of water public-private partnerships compared with energy and transport projects. An estimated $1.5 billion per year could have been saved with interventions and support to reduce cancellations in less experienced countries (those with fewer than 23 prior public-private partnerships).","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90582515","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/kapd.2018.18.2.007
유주희, Jong Won Park, Ouk Sun, Cho
{"title":"A Study on the Influence of Pre-retiree's Productive Activity on Life Satisfaction","authors":"유주희, Jong Won Park, Ouk Sun, Cho","doi":"10.35224/kapd.2018.18.2.007","DOIUrl":"https://doi.org/10.35224/kapd.2018.18.2.007","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73593799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/KAPD.2018.18.2.003
강병준, 홍채은
{"title":"Paradigm Shift of Disaster Management Policy -Focusing on Fine Dust, Heat Waves and Cold Waves-","authors":"강병준, 홍채은","doi":"10.35224/KAPD.2018.18.2.003","DOIUrl":"https://doi.org/10.35224/KAPD.2018.18.2.003","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89889790","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/kapd.2018.18.2.002
김종규
{"title":"A Study on the Effect of Social Capital Generated by Interactions among Researchers on the Organizational Commitment and Job Satisfaction - Focused on the Government-supported Research Institute -","authors":"김종규","doi":"10.35224/kapd.2018.18.2.002","DOIUrl":"https://doi.org/10.35224/kapd.2018.18.2.002","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87221930","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/kapd.2018.18.2.006
S. Kim, yunheejin
{"title":"The Effects of Psychological Capital on Job Satisfaction and Organizational Citizenship Behavior in Long-term Care Worker","authors":"S. Kim, yunheejin","doi":"10.35224/kapd.2018.18.2.006","DOIUrl":"https://doi.org/10.35224/kapd.2018.18.2.006","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87092821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/kapd.2018.18.2.005
Hanna Moon, 류도암
{"title":"A Study on Performance Improvement of Governance Body for Human Resource Development : From the Sectoral Approach","authors":"Hanna Moon, 류도암","doi":"10.35224/kapd.2018.18.2.005","DOIUrl":"https://doi.org/10.35224/kapd.2018.18.2.005","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75943447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/KAPD.2018.18.2.001
홍명숙
{"title":"An Analysis on Determinants of Youths’ School Life Adjustment - Mediated Effect of Self-esteem and Communication -","authors":"홍명숙","doi":"10.35224/KAPD.2018.18.2.001","DOIUrl":"https://doi.org/10.35224/KAPD.2018.18.2.001","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77838342","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/kapd.2018.18.2.004
Young Gyun Lee, Kwang Young You
{"title":"The Impact of Manager's Leadership Style at Middle level to Organizational Effectiveness in Local Government - Focusing on the Mediator Effect of self-efficacy -","authors":"Young Gyun Lee, Kwang Young You","doi":"10.35224/kapd.2018.18.2.004","DOIUrl":"https://doi.org/10.35224/kapd.2018.18.2.004","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75116289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-01DOI: 10.35224/kapd.2018.18.2.008
강현철, 최조순
{"title":"A Critical Study on the Urban Regeneration New Deal Project from the Public Values Perspectives","authors":"강현철, 최조순","doi":"10.35224/kapd.2018.18.2.008","DOIUrl":"https://doi.org/10.35224/kapd.2018.18.2.008","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84945345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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