Badu, E; Owusu-Manu, D G; Edwards, D J and Holt, G D (2013) Analysis of strategic issues underpinning the innovative financing of infrastructure within developing countries. Journal of Construction Engineering and Management, 139(6), pp. 726-737. ISSN 0733-9364
Abstract
Infrastructure deficit is inextricably linked to funding availability, especially in developing countries. Innovative financing (IF) can be beneficial in helping combat such deficit. Strategic issues underpinning IF of Ghanaian infrastructure projects are identified and analyzed. The study's empirical aspect employs structured interviews and a questionnaire survey to accrue data from project implementation agencies relating to infrastructure IF. Factor analysis establishes those variables from among the large number studied that measure similar underlying dimensions. Three strategic IF issues are identified and explained: (1) appropriateness of the financing method, (2) pricing and management of the financing method, and (3) sustainability of the financing method. Infrastructure development stakeholders in developing countries may benefit from the findings through greater appreciation of IF sources and techniques. Suggested future research includes detailed exploration of IF barriers and comparative critical appraisal of similar research studies at the international level.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | developing countries; Ghana; infrastructure; innovative financing; project delivery; strategic issues |
| Index terms: | questionnaire, exploration, financing, agency, appraisal, developing country, interview, survey, infrastructure development, factor analysis, innovative financing, funding, project delivery, implementation, infrastructure project, dimension, pricing, Ghana |
| Subjects: | contractual arrangements, project delivery, health monitoring assessment and metrics, economic analysis, environmental resource management, data collection methods, infrastructure and transport systems, statistical analysis, sociology, Geography, development economics, infrastructure engineering, factor and component analysis |
| Topics: | Business Strategy, Health and Safety, Geographical Context, Research Practice, Engineering Principles, Procurement, Sustainability, International Construction |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here