Unlocking Growth through Public-Private Partnerships: The Role of Institutions

Unlocking Growth through Public-Private Partnerships: The Role of Institutions | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article Unlocking Growth through Public-Private Partnerships: The Role of Institutions Lutfah Ariana, Rimawan Pradiptyo, Evi Noor Afifah This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-6892134/v1 This work is licensed under a CC BY 4.0 License Status: Under Review Version 1 posted 4 You are reading this latest preprint version Abstract Public-Private Partnerships (PPPs) have emerged as a key strategy for addressing infrastructure gaps and fostering economic growth, particularly in emerging economies. However, the effectiveness of PPP investments in driving economic growth is heavily contingent on the quality of institutions that govern these partnerships. This study explores the role of institutions in influencing both PPP investment outcomes and their subsequent impact on economic growth. By examining the interplay between institutional factors and PPP performance, the research demonstrates that robust institutions are critical for maximizing economic returns. Using cross-country data and empirical analysis, the study reveals that countries with stronger institutional frameworks experience higher levels of PPP success and greater contributions to economic growth. This research contributes to the broader discourse on the institutional determinants of economic growth and provides policymakers with evidence-based recommendations for enhancing the effectiveness of PPPs as a tool for sustainable development. public investment infrastructure Public Private Partnership (PPP) economic growth institution Asia Full Text Cite Share Download PDF Status: Under Review Version 1 posted Reviewers agreed at journal 19 Jun, 2025 Reviewers invited by journal 19 Jun, 2025 Editor assigned by journal 16 Jun, 2025 First submitted to journal 15 Jun, 2025 You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. 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Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-6892134","acceptedTermsAndConditions":true,"allowDirectSubmit":false,"archivedVersions":[],"articleType":"Research Article","associatedPublications":[],"authors":[{"id":473670070,"identity":"9e4d186c-06db-4849-bc5e-cc75084a2d5f","order_by":0,"name":"Lutfah Ariana","email":"data:image/png;base64,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","orcid":"https://orcid.org/0009-0005-7192-3069","institution":"Universitas Gadjah Mada Fakultas Ekonomika dan Bisnis","correspondingAuthor":true,"prefix":"","firstName":"Lutfah","middleName":"","lastName":"Ariana","suffix":""},{"id":473670071,"identity":"40e76fa8-275c-459c-b194-adb9c9128234","order_by":1,"name":"Rimawan Pradiptyo","email":"","orcid":"","institution":"Universitas Gadjah Mada Fakultas Ekonomika dan Bisnis","correspondingAuthor":false,"prefix":"","firstName":"Rimawan","middleName":"","lastName":"Pradiptyo","suffix":""},{"id":473670072,"identity":"b0491ed4-282c-4017-bc91-10841c8886aa","order_by":2,"name":"Evi Noor Afifah","email":"","orcid":"","institution":"Universitas Gadjah Mada Fakultas Ekonomika dan Bisnis","correspondingAuthor":false,"prefix":"","firstName":"Evi","middleName":"Noor","lastName":"Afifah","suffix":""}],"badges":[],"createdAt":"2025-06-14 06:21:34","currentVersionCode":1,"declarations":"","doi":"10.21203/rs.3.rs-6892134/v1","doiUrl":"https://doi.org/10.21203/rs.3.rs-6892134/v1","draftVersion":[],"editorialEvents":[],"editorialNote":"","failedWorkflow":false,"files":[{"id":85213971,"identity":"3ca3b1fc-e360-4c85-8e3c-252cd7547f6b","added_by":"auto","created_at":"2025-06-23 12:58:57","extension":"pdf","order_by":1,"title":"","display":"","copyAsset":false,"role":"manuscript-pdf","size":498696,"visible":true,"origin":"","legend":"","description":"","filename":"ManuscriptJESPPP2025.pdf","url":"https://assets-eu.researchsquare.com/files/rs-6892134/v1_covered_5f83fca3-6207-45d1-8668-8848251e60e2.pdf"}],"financialInterests":"","formattedTitle":"Unlocking Growth through Public-Private Partnerships: The Role of Institutions","fulltext":[],"fulltextSource":"","fullText":"","funders":[],"hasAdminPriorityOnWorkflow":false,"hasManuscriptDocX":false,"hasOptedInToPreprint":true,"hasPassedJournalQc":"","hasAnyPriority":false,"hideJournal":false,"highlight":"","institution":"","isAcceptedByJournal":false,"isAuthorSuppliedPdf":true,"isDeskRejected":"","isHiddenFromSearch":false,"isInQc":false,"isInWorkflow":false,"isPdf":true,"isPdfUpToDate":true,"isWithdrawnOrRetracted":false,"journal":{"display":true,"email":"[email protected]","identity":"journal-of-economic-structures","isNatureJournal":false,"hasQc":true,"allowDirectSubmit":false,"externalIdentity":"jecs","sideBox":"Learn more about [Journal of Economic Structures](http://journalofeconomicstructures.springeropen.com)","snPcode":"","submissionUrl":"https://www.editorialmanager.com/jecs/default.aspx","title":"Journal of Economic Structures","twitterHandle":"@SpringerOpen","acdcEnabled":true,"dfaEnabled":true,"editorialSystem":"em","reportingPortfolio":"BMC/SO AJ","inReviewEnabled":true,"inReviewRevisionsEnabled":true},"keywords":"public investment, infrastructure, Public Private Partnership (PPP), economic growth, institution, Asia","lastPublishedDoi":"10.21203/rs.3.rs-6892134/v1","lastPublishedDoiUrl":"https://doi.org/10.21203/rs.3.rs-6892134/v1","license":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/"},"manuscriptAbstract":"\u003cp\u003ePublic-Private Partnerships (PPPs) have emerged as a key strategy for addressing infrastructure gaps and fostering economic growth, particularly in emerging economies. 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