PPPs and Fiscal Risks: Should Governments Worry?

Corbacho, Ana; Schwartz, Gerd

doi:10.1057/9780230593992_6

Cited by 16 publications

(18 citation statements)

References 2 publications

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“…123 Blanchard (1998), 417 (468). 124 Wiwen-Nilsson (1996), 91 (97-99); Becher (2007), 55 (58); Corner (2006), 37 (46); OECD (2008), 48 and 235-237;Ahadzi and Bowles (2004), 967 (968); Davies and Eustice (2011), 20;Corbacho and Schwartz (2008), 85 (89); Christiansen (2008), 143 (149); cf. Hemming (2008), 235 (237); Hathorn (2008), 245 (248); Bremer (2005), 87-88; Palmer (2009), 15;Nicklisch (2007), 3 (7); H€ ofler (2007), 35 (47); Metje (2008), 48.…”

Section: Resultsmentioning

confidence: 99%

“…Hemming (2008), 235 (237); Hathorn (2008), 245 (248); Bremer (2005), 87-88; Palmer (2009), 15;Nicklisch (2007), 3 (7); H€ ofler (2007), 35 (47); Metje (2008), 48. 125 Corbacho and Schwartz (2008), 85 (88-89); cf. Christiansen (2008), 143 (149); cf.…”

Section: Resultsmentioning

confidence: 99%

“…H€ ofler (2007), 35 (43); Subcontractor should be chosen wisely, and facts like the subcontractor's average size projects must be examined, in: Yescombe (2007), 89 and 256; Risks related to the planning and constructions of the project are normally borne by the private sector, in: , 13 (28); And permission granting, in: H€ ofler (2007), 35 (43) and (46). 114 Corbacho and Schwartz (2008), 85 (88); Construction risk, in: Hesse (1994), 31 (35)(36); Market risk (similar to demand risk), in: Pahl (1994), 23 (29). 115 cf.…”

Section: Project Risksmentioning

confidence: 99%

“…144 Pfaffhausen (2008), 95 (97 and 101); Importance to maintain the level of service, in: Davies and Eustice (2011), 25. 145 , 13 (21); Roquette/Butcher in Roquette and Otto (2005), F. Public-Private Partnership III para 21; Corbacho and Schwartz (2008), 85 (88); Yescombe (2007), 18. 146 Irwin (2008), 105 (107).…”

Section: Disadvantages Of Pppsmentioning

confidence: 99%

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Gömmel

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Project Risksmentioning

confidence: 99%

Section: Disadvantages Of Pppsmentioning

confidence: 99%

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Gömmel

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“…According to this rule, the assets that result from the PPP are classified as government assets if the public sector retains most of the risk. 22 This will lead to most of the assets being classified as private as the contractor typically bears construction and availability risk (Corbacho and Schwartz, 2008). The government can bear other risks, including demand risk while the PPP is treated as a private investment.…”

mentioning

confidence: 99%

Public-Private Partnerships and Investment in Infrastructure

Araujo

Sutherland

2010

OECD Economics Department Working Papers

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JT03288716How can governments reap the potential benefits of public-private partnerships (PPPs) in the provision of infrastructure? Private sector involvement in the provision of public goods is long-standing, often relying on franchises or concessions. More recently, PPPs have risen in prominence, promising innovative solutions and a better allocation of inputs than traditional procurement with separate concessions. However PPPs are not without risks with the outcome depending on the identification of the most efficient bidder, the risk sharing between the public and private sector and the design of the contractual relationship. Furthermore, PPPs, particularly when they are used to circumvent budgetary constraints, present risks to government budgets by creating large contingent liabilities. Drawing on a discussion of the economics of PPPs in relation to infrastructure and questionnaire responses, synthetic indicators are used to assess how well-suited policy frameworks in the OECD are to benefit from PPPs. The results show marked heterogeneity across countries, suggesting there is scope to improve performance and gain expertise by considering other countries" experiences.JEL Codes: D23; H41; L33 Keywords: public-private partnerships; public goods; incomplete contracts; investment incentives ********************************************* Partenariats public-privé et investissement en infrastructuresComment le secteur public peut-il tirer parti des avantages éventuels des partenariats public-privé (PPP), s"agissant de la mise à disposition d"infrastructures ? Le secteur privé intervient de longue date dans l"offre de biens publics, souvent dans le cadre de concessions. Plus récemment, les PPP ont gagné en importance, présageant de solutions novatrices et d"une affectation des ressources plus efficace que celle de la passation de marchés classique basée sur des concessions distinctes. Mais les PPP ne sont pas dénués de risques, leur résultat étant tributaire de la sélection du soumissionnaire le plus efficient, du partage des risques entre secteurs public et privé, ainsi que du montage contractuel retenu. De plus, surtout si l"on y fait appel pour échapper à des contraintes budgétaires, ils entraînent des risques pour les budgets publics parce qu"ils génèrent d"importants passifs éventuels. Des indicateurs synthétiques, établis à partir d"une analyse des aspects économiques des PPP dans le domaine des infrastructures et des réponses à un questionnaire, sont utilisés pour évaluer dans quelle mesure les cadres d"action des pays de l"OCDE sont adaptés pour exploiter les avantages des PPP. Il en ressort une forte hétérogénéité internationale, qui laisse entrevoir des possibilités d"améliorer les résultats et d"acquérir des connaissances en étudiant les expériences des autres pays.

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