Efficiency of PPP Implementation in Bosnia and Herzegovina

Amović, Goran

doi:10.7251/zrefis1715049a

Cited by 3 publications

(2 citation statements)

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“…In the poorest developing countries, the use of PPPs has been even more negligible [53]. This can be significantly contributed to the underdeveloped capacity of the public sector to prioritize, initiate, evaluate, structure, and ultimately implement the PPP projects [54]. Bosnia and Herzegovina is a transitional country where PPP initiatives were launched in the Republic of Srpska in the health sector back in 2000.…”

Section: Subject Of Research and Hypothesesmentioning

confidence: 99%

Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

2020

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In the initial stages of the adoption and institutionalization of Public-Private Partnerships (PPPs), national governments of transitional economies have accepted, developed, and organized Public-Private Partnerships with varying degrees of success. This study aims to investigate the critical success factors (CSFs) influencing the establishment of a sustainable Public-Private Partnership in transition conditions. In the first part of the paper, based on an extensive review of the literature, previous studies and relevant results in this field are presented as a background for this research. In the second part of this article, the survey used a factor analysis, which, with the application of the Principal Component Analysis and Varimax method with Kaiser normalization, has extracted four CSFs: (1) the establishment of a central PPP unit—knowledge center; (2) the establishment of a compatible legal/regulatory framework; (3) development of national PPP policies and strategies; and (4) standardization and transparency of the process. In the concluding remarks, the authors address the perspectives and methodological research constraints, examining possibilities to develop new knowledge and more efficient Public-Private Partnership implementation in the developing PPP markets of transitional economies.

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Section: Subject Of Research and Hypothesesmentioning

confidence: 99%

Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

2020

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“…Public-private partnership (PPP) projects aim to use not only creativity and efficiency, but also expertise, capital, and fair risk allocation of the private sector to build and operate infrastructures [1] that were previously handled solely by the government, such as transportation infrastructure, social infrastructure including schools [2], hospitals, water and heating supply networks [3], and energy facilities [4], land development [5], and even the city re-qualification program [6]. PPP serves as an economic arrangement for financially constrained governments by providing infrastructure and enhancing the quality of service through performance-oriented management.…”

Section: Introductionmentioning

confidence: 99%

Analysis of Features Affecting Contracted Rate of Return of Korean PPP Projects

Kim

Yook

2021

Sustainability

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Various risk factors influence the success of public–private partnership (PPP) projects. This study analyzes the risk attributes of PPP projects and develops a regression model based on a 20-year PPP project database to quantitatively analyze the factors affecting the contracted internal rate of return (CIRR) of PPP projects. Although the risk factors of PPP projects have been widely studied, the factors affecting CIRR have not been explored. Information from the intra-info DB system managed by Korea Development Institute was used to calculate the impact of the variables on CIRR. It was observed that the CIRR of Korea’s PPP projects did not reflect the risks associated with the facility types, service area, amount of private investment, and operation period accurately. Financing costs did not demonstrate a statistically significant relationship with the CIRR either. Furthermore, the CIRR of projects with a minimum revenue guarantee option was found to be higher than that of projects without. The CIRR of the current project was found to be closely related to the number of bidding competitors and the CIRR values of previous projects that are similar to the current one. This is attributed to a failure in the bureaucratic negotiation behavior of the parties due to their avoidance of responsibilities.

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Development of the institutional framework of Public-Private Partnership in the Republic of Serbia

Amović¹

2019

J Process Man, New Technol

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In present-day conditions of global economy, the processes of development of national economies require the need for capital investments in the development and improvement of public infrastructure, and the provision of public services in the field of general social activities (education, health care, culture, sports) and social issues. The demand for a better infrastructure and more efficient public service, with public sector constraints, requires a new role of public sector, a new approach and new strategies. In the context of the above mentioned, Public-Private Partnership (PPP) establishes an innovative framework for more efficient implementation of public investmentsfaster construction, lower costs, optimal risk allocation, more efficient management, better public services, etc. In this paper we will present the most important characteristics of the Public-Private Partnership model, with a view to the chronological development of PPP institutional framework in the Republic of Serbia.

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Efficiency of PPP Implementation in Bosnia and Herzegovina

Cited by 3 publications

References 0 publications

Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

Analysis of Features Affecting Contracted Rate of Return of Korean PPP Projects

Development of the institutional framework of Public-Private Partnership in the Republic of Serbia

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