“…This constant interfacing between public and private actors is said to create “friction.” In addition, Transparency International suggests that construction and infrastructure projects are peculiarly prone to corruption due to their large size, high value, and fragmented nature (Ferguson, 2015; Kühn & Sherman, 2014). Because public infrastructure projects are usually “special purpose, one-of-a-kind deals” that are massive in scale, produce high levels of economic rents, present difficulties in establishing benchmarks for cost and quality, and can be challenging to monitor, corruption risks abound (Rose-Ackerman & Truex, 2012, p. 24). The sheer complexity of infrastructure projects can also serve as a smoke screen for fraud and corruption, as it is difficult to track and monitor payments effectively (Ferguson, 2015).…”
Section: The Effect Of P3 Arrangements On Corruption Riskmentioning
Public–private partnerships (P3s) have emerged as a leading means of structuring large, complex infrastructure projects in both developed and developing economies alike. However, P3s, due to their unique characteristics, can present opportunities for corruption. The purpose of this article is to promote the development of a nuanced and thorough understanding of P3 corruption risks such that those involved in developing, designing, and implementing P3s can more effectively harness the benefits of P3s while mitigating the corruption risks they introduce. This article also seeks to encourage further research into how infrastructure P3s can be better shaped to decrease the probability of corruption risks materializing. This article unpacks how and why P3s, as a distinct form of public procurement, are at once more and less susceptible to corruption as compared with traditional procurement methods and as such deserve special attention from an anticorruption perspective.
“…This constant interfacing between public and private actors is said to create “friction.” In addition, Transparency International suggests that construction and infrastructure projects are peculiarly prone to corruption due to their large size, high value, and fragmented nature (Ferguson, 2015; Kühn & Sherman, 2014). Because public infrastructure projects are usually “special purpose, one-of-a-kind deals” that are massive in scale, produce high levels of economic rents, present difficulties in establishing benchmarks for cost and quality, and can be challenging to monitor, corruption risks abound (Rose-Ackerman & Truex, 2012, p. 24). The sheer complexity of infrastructure projects can also serve as a smoke screen for fraud and corruption, as it is difficult to track and monitor payments effectively (Ferguson, 2015).…”
Section: The Effect Of P3 Arrangements On Corruption Riskmentioning
Public–private partnerships (P3s) have emerged as a leading means of structuring large, complex infrastructure projects in both developed and developing economies alike. However, P3s, due to their unique characteristics, can present opportunities for corruption. The purpose of this article is to promote the development of a nuanced and thorough understanding of P3 corruption risks such that those involved in developing, designing, and implementing P3s can more effectively harness the benefits of P3s while mitigating the corruption risks they introduce. This article also seeks to encourage further research into how infrastructure P3s can be better shaped to decrease the probability of corruption risks materializing. This article unpacks how and why P3s, as a distinct form of public procurement, are at once more and less susceptible to corruption as compared with traditional procurement methods and as such deserve special attention from an anticorruption perspective.
“…See, among others, Svensson (2005), Kaufmann (2003), and Aidt (2011). Lambsdorff (2006), Treisman (2007), and Rose-Ackerman and Truex (2013) provide useful literature reviews.…”
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“…The most influential of these is TI's Corruption Perceptions Index (CPI). First released in 1995, the CPI has reified the otherwise amorphous nature of corruption and, in so doing, has helped erode the boundaries between grand and petty corruption (Harrison, ; Rose‐Ackerman and Truex, ). According to TI (), the 2009 CPI measures the perceived levels of public sector corruption in 180 countries and territories.…”
Section: Consequences Of Corruption and The Anti‐corruption Industrymentioning
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