THE ROLE OF PUBLIC/PRIVATE PARTNERSHIP IN DEVELOPMENT OF TRANSPORT INFRASTRUCTURE: EVIDENCE FROM VIETNAM

Abstract

Transport infrastructural development is considered a significant driver of economic growth and has therefore, gained the attention of scholars and practitioners alike. With this hindsight, the current article examines the impact of public/private partnerships on the development of transport infrastructure in Vietnam. The current research uses population growth, economic growth, and foreign direct investment (FDI) as the control variables to predict transport infrastructure development in Vietnam. This study has used a secondary source of data collection i.e.  the World Bank Indicators (WDI) database. Data thus extrapolated covers the period from 1981 to 2020. This study has used the Augmented Dickey-Fuller (ADF) test to test the stationarity of the constructs and the error correction model (ECM) to test the nexus among the variables. The results reveal that public/private partnership, population growth, economic growth and FDI have a positive association with the development of transport infrastructure in Vietnam. These outcomes can guide the regulators while developing policies related to transport infrastructural development.