Determinants of Public-Private Partnerships in Infrastructure

Hammami, Mona; Ruhashyankiko, Jean-François; Yehoue, Étienne B.

doi:10.2139/ssrn.902765

Cited by 104 publications

(122 citation statements)

References 11 publications

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“…Further, low macroeconomic stability (indicated by high inflation) deters private investments. The finding is in line with Hammami et al (2006), who highlight that a low inflation rate reduces the risk associated with a spike in project-specific costs. Hence the results, in general, are in line with literature.…”

Section: Discussion Conclusion and Policy Implicationssupporting

confidence: 91%

“…Value for money and economic viability of PPP projects (Ismail, 2013; Visconti, 2014; Agarchand and Laishram, 2017); critical success factors of PPPs (Liu et al , 2015; Osei-Kyei and Chan, 2017; Malik and Kaur, 2020a, 2020b); determinants of PPPs (Hammami et al , 2006; Pessoa, 2006; Sharma, 2012; Hyun et al , 2019; Kaur and Malik, 2020); and risk management (Ameyaw and Chan, 2015; Voordijk et al , 2016). The current study is in line with the scant literature that focuses on understanding the macroeconomic determinants of PPPs.…”

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

“…Over the years, few studies have attempted to investigate the factors that act as determinants of PPPs. The first such attempt was made by Hammami et al (2006) and Pessoa (2006). Hammami et al (2006) analysed the cross-country determinants of PPP for the period 1990-2003 using panel data estimation methods.…”

Section: Literature Reviewmentioning

confidence: 99%

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Determinants of public–private partnerships: an empirical analysis of Asia

Malik

Kaur

2022

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Purpose Despite being a global public–private partnerships (PPPs) leader, the Asian region is characterised by a wide PPP-divide, wherein select countries attract majority of PPP projects, while other countries fail to attract the requisite PPP investments. Against this background, the purpose of this study is to investigate the determinants of PPP projects in Asia. Design/methodology/approach Using quantitative methods on secondary data, this study analyses the macroeconomic determinants of value and number of PPPs in Asia for the period 2010–2019. The methodology relies on panel fixed effects, random effects, two-step system generalised method of moments and negative binomial regression. Findings Results underline the importance of the country’s experience with PPPs, physical infrastructure, financial sector development, market conditions, institutional quality and political stability in attracting PPP projects. Practical implications Identification of the determinants of PPPs will assist private investors in making informed decisions related to the selection of countries for PPP investments, thereby increasing the likelihood of a project’s success. Social implications The results are expected to enable countries to formulate policies aimed at attracting higher PPP investments, thereby propelling economic development and improvement in the quality of life. Originality/value To the best of the authors’ knowledge, this is the first such study that comprehensively analyses the determinants of both value of PPP investments and number of PPP projects for Asian countries.

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Section: Discussion Conclusion and Policy Implicationssupporting

confidence: 91%

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

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Determinants of public–private partnerships: an empirical analysis of Asia

Malik

Kaur

2022

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“…Ao abordar esse tema empiricamente Hammami et al (2006) investigam quais fatores são considerados determinantes das parcerias público-privadas. Dentre os resultados encontrados pelos autores, destaca-se que as nações que possuem escassez de recursos financeiros possuem uma maior chance de realizar projetos na modalidade de PPP.…”

Section: Revisão De Literaturaunclassified

“…2017) e a Lei 11.079 escolheu os indicadores fiscais municipais como proxy para as contas públicas municipais. Além disso, segue-se Hammami et al (2006), Sharma (2012), Buso et al (2017) e Lima e Barbosa (2017) e pretende-se utilizar um conjunto de variáveis políticas que permitam identificar as características dos prefeitos e como esses fatores podem influenciar a opção por contratos na modalidade de PPPs.…”

Section: Conjuntos De Dados Financeiros E Políticosunclassified

Restrição Orçamentária e Parcerias Público Privadas: uma análise empírica para os municípios brasileiros

Fernandez

2021

Econ. An. L. Rev.

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No contexto brasileiro, em 2004 foi promulgado o marco regulatório das Parcerias Público-Privadas (PPPs). Em linhas gerais, esse arranjo contratual pode ser utilizado para a construção, operação e manutenção de infraestruturas públicas, mas seu uso está frequentemente relacionado as dificuldades orçamentárias enfrentadas pela administração pública. Com uma base de dados municipais do período de 2004 a 2018, este trabalho investiga se as autoridades públicas utilizam contratos nessa modalidade com o propósito de superar as dificuldades fiscais. Como metodologia empírica, utilizou-se dos modelos de sobrevivência (Cox e Weibull) com a amostra pareada pelo propensity score matching. Os resultados indicam que fatores como a receita, despesa e as transferências municipais são preponderantes para os prefeitos municipais investirem em contratos de PPP. Contudo, não se pode afirmar que esses contratos são celebrados exclusivamente porque são mais eficientes, mas que pode haver o comportamento político oportunista.

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Risk Management in Project Finance

Gatti

Caselli

2011

Capital Budgeting Valuation

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Determinants of Public-Private Partnerships in Infrastructure

Cited by 104 publications

References 11 publications

Determinants of public–private partnerships: an empirical analysis of Asia

Determinants of public–private partnerships: an empirical analysis of Asia

Restrição Orçamentária e Parcerias Público Privadas: uma análise empírica para os municípios brasileiros

Risk Management in Project Finance

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