Determinants of Public-Private Partnerships in Infrastructure /
This paper presents an empirical analysis of the cross-country and cross-industry determinants of public-private partnership (PPP) arrangements. We find that PPPs tend to be more common in countries where governments suffer from heavy debt burdens and where aggregate demand and market size are large...
|a Determinants of Public-Private Partnerships in Infrastructure /
|c Etienne Yehoue, Mona Hammami, Jean-Francois Ruhashyankiko.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (39 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper presents an empirical analysis of the cross-country and cross-industry determinants of public-private partnership (PPP) arrangements. We find that PPPs tend to be more common in countries where governments suffer from heavy debt burdens and where aggregate demand and market size are large. Our findings also suggest that macroeconomic stability is essential for PPPs. We provide evidence on the importance of institutional quality, where less corruption and effective rule of law are associated with more PPP projects. PPPs are also more prevalent in countries with previous PPP experiences. At the industry level, we find that PPP determinants vary across industries depending on the nature of public infrastructure, capital intensity, and technology required. We also find that private participation in PPP projects depends on the expected marketability, the technology required, and the degree of "impurity" of the goods or services.
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|a Mode of access: Internet
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|a Hammami, Mona.
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|a Ruhashyankiko, Jean-Francois.
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|a IMF Working Papers; Working Paper ;
|v No. 2006/099
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/099/001.2006.issue-099-en.xml
|z IMF e-Library