1.

Record Nr.

UNINA9910822788803321

Autore

Hammami Mona

Titolo

Determinants of public-private partnerships in infrastructure / / prepared by Mona Hammami, Jean-Francois Ruhashyankiko, and Etienne B. Yehoue

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, IMF Institute, 2006

ISBN

1-4623-1550-X

1-4527-2795-3

1-283-51136-3

1-4519-0893-8

9786613823816

Edizione

[1st ed.]

Descrizione fisica

1 online resource (39 p.)

Collana

IMF working paper ; ; WP/06/99

Altri autori (Persone)

RuhashyankikoJean-Francois

YehoueEtienne B

Soggetti

Public-private sector cooperation

Infrastructure (Economics)

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.