1.

Record Nr.

UNINA9910788414403321

Autore

Yehoue Etienne

Titolo

Determinants of Public-Private Partnerships in Infrastructure / / Etienne Yehoue, Mona Hammami, Jean-François Ruhashyankiko

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-1550-X

1-4527-2795-3

1-283-51136-3

1-4519-0893-8

9786613823816

Descrizione fisica

1 online resource (39 p.)

Collana

IMF Working Papers

Altri autori (Persone)

HammamiMona

RuhashyankikoJean-François

Soggetti

Public-private sector cooperation

Infrastructure (Economics)

Exports and Imports

Foreign Exchange

Infrastructure

Macroeconomics

Public Finance

National Government Expenditures and Related Policies: Infrastructures

Other Public Investment and Capital Stock

Investment

Capital

Intangible Capital

Capacity

Trade: General

Aggregate Factor Income Distribution

Public finance & taxation

Currency

Foreign exchange

International economics

Public investment and public-private partnerships (PPP)

Purchasing power parity

Exports

Purchasing power

Saving and investment

Income



United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"April 2006."

Nota di bibliografia

Includes bibliographical references (p. 36-37).

Nota di contenuto

""Content""; ""I. INTRODUCTION""; ""II. THEORETICAL BACKGROUND""; ""III. SPECIFICATIONS AND EMPIRICAL METHODOLOGY""; ""IV. DATA DESCRIPTION""; ""V. ESTIMATION RESULTS AND DISCUSSIONS""; ""VI. CONCLUDING REMARKS""; ""References""

Sommario/riassunto

This paper presents an empirical analysis of the cross-country and cross-industry determinants of public-private partnership (PPP) arrangements. We find that PPPs tend to be more common in countries where governments suffer from heavy debt burdens and where aggregate demand and market size are large. Our findings also suggest that macroeconomic stability is essential for PPPs. We provide evidence on the importance of institutional quality, where less corruption and effective rule of law are associated with more PPP projects. PPPs are also more prevalent in countries with previous PPP experiences. At the industry level, we find that PPP determinants vary across industries depending on the nature of public infrastructure, capital intensity, and technology required. We also find that private participation in PPP projects depends on the expected marketability, the technology required, and the degree of "impurity" of the goods or services.