Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China

Ling, Wang; Zhou, Lihong; Xiong, Yan; Yan, Dongyi

doi:10.1111/apel.12271

Cited by 15 publications

(13 citation statements)

References 23 publications

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“…Following Wang et al [ 24 ], this study used the financial burden (Fburden) to represent the government capacity. A higher financial burden, which expresses higher financial pressure on the government, could encourage governments to adopt more PPP.…”

Section: Methodsmentioning

confidence: 99%

“…The reason for the use of lagged data is that government’s PPP adoption decisions are usually based on the previous year’s condition rather than the current year’s ones. This approach can also account for potential endogeneity problems resulting from two-way causality [ 24 ].…”

Section: Methodsmentioning

confidence: 99%

“…Government capacity, especially fiscal capacity, is essential for successful PPP adoption. The PPP is regarded as a useful tool to alleviate the financial burden and mitigate the debt risk of local governments [ 24 ]. As such, governments with a lower fiscal capacity or higher financial burden will be more likely to adopt a PPP to promote rural solid waste management infrastructure construction and operation.…”

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

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Determinants of Public-Private Partnership Adoption in Solid Waste Management in Rural China

Pan

Chen

Zhou

et al. 2020

IJERPH

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Rural solid waste management is a severe challenge in China. The Public-Private Partnership (PPP) is an effective method for rural solid waste management. However, policy efforts aimed at stimulating the adoption of PPP in rural solid waste management have been limited in their success. This study aims to empirically investigate the determinants of rural solid waste management PPP adoption in China. First, this study builds a theoretical model that consists of factors related to the institutional environment and market and proposes theoretical hypotheses. Then, using the balanced provincial panel data of 150 samples from 2015 to 2019, this study applies various count regression models and truncated regression models to empirically test the theoretical hypotheses. The results show that provinces with higher fiscal transparency, financial burdens, and market demand tend to adopt more PPP, while provinces with lower per capita GDP and market openness index ratings have a stronger motivation to initiate more PPP. In contrast, investment institutional environment factors have no impact on PPP adoption. To stimulate the development of PPP in rural solid waste management, this study proposed that a good-governed government and a strong market demand are critical foundations, and also a debt-risk prevention and evaluation system should be established to avoid local debt risks resulting from over-adoption of PPP.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

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Determinants of Public-Private Partnership Adoption in Solid Waste Management in Rural China

Pan

Chen

Zhou

et al. 2020

IJERPH

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“…As such, governments with a lower fiscal capacity or higher financial burden will be more likely to adopt a PPP to promote rural solid waste management infrastructure construction and operation. Based on a systematic literature review of 186 articles, Wang et al (2019) concluded that fiscal capacity is a leading factor that contributes to the adoption of PPP. In addition, a favorable investment institutional environment can also promote PPP adoption by encouraging private enterprises to invest in PPP.…”

Section: Institutional Environment and Bankability As An Intervening ...mentioning

confidence: 99%

Evaluating the Management of Public Private Partnerships for the Provision of Affordable Housing in Nigeria

Owotemu¹,

Daniel²,

Abubakar³

2022

JSSM

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The Impact of Public Private Partnership is beginning to be more pronounced in emerging markets like Kenya and Nigeria as a preferred means for the delivery of Infrastructure and Housing. In terms of its popularity, the adoption and growth of Public private partnerships has been traced to under performance of Government Budgeting and lack of sufficient funding available to government for financing the different strategically important and development focused projects (including Social Housing), this is also in addition to governments poor risk management capabilities. The challenges facing public funding and its impact on the country's development have increased the potential for public-private partnerships as an alternative to infrastructure and housing. The study examined the impact of public-private partnerships on affordable housing in Nigeria. It also includes other purposes; examining the impact of management contracts on the provision of affordable housing in Nigeria to identify the impact of the joint venture on the provision of affordable housing in Nigeria. The research adopted the survey research plan and used a structured questionnaire as a tool for data collection. Data analysis was performed in addition to mean and percentage descriptive statistics, as well as correlation and regression analysis. The results showed that Build Own Operate & Transfer Policy has a significant impact on the provision of affordable housing in Nigeria and Lease Contracts has a positive impact on the provision of affordable housing in Nigeria. The study concludes that for public-private partnerships to flourish and achieve affordable housing, each partnership must identify measures of success, be able to quantify and monitor their performance, and identify and address emerging issues. It was suggested that the government take responsibility for ensuring that an enabling institutional environment and infrastructure is provided to support PPP execution. It was also proposed that the government adopt and establish a Viability Gap fund-

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“…Such interregional competition leads to the continuous increase of debt scale (Pan et al, 2017). The promotion incentive of local officials will strengthen the financing motivation of local government debt, so that local governments issue more bonds to promote infrastructure construction to drive economic growth and maximize short-term political performance (Wang et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Seven super urban agglomerations, governments’ debt risk, and land leasing, China

Zhang

et al. 2021

Growth and Change

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Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China

Cited by 15 publications

References 23 publications

Determinants of Public-Private Partnership Adoption in Solid Waste Management in Rural China

Determinants of Public-Private Partnership Adoption in Solid Waste Management in Rural China

Evaluating the Management of Public Private Partnerships for the Provision of Affordable Housing in Nigeria

Seven super urban agglomerations, governments’ debt risk, and land leasing, China

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