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Record Nr. |
UNINA9910822788803321 |
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Autore |
Hammami Mona |
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Titolo |
Determinants of public-private partnerships in infrastructure / / prepared by Mona Hammami, Jean-Francois Ruhashyankiko, and Etienne B. Yehoue |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, IMF Institute, 2006 |
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ISBN |
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1-4623-1550-X |
1-4527-2795-3 |
1-283-51136-3 |
1-4519-0893-8 |
9786613823816 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (39 p.) |
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Collana |
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IMF working paper ; ; WP/06/99 |
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Altri autori (Persone) |
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RuhashyankikoJean-Francois |
YehoueEtienne B |
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Soggetti |
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Public-private sector cooperation |
Infrastructure (Economics) |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references (p. 36-37). |
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Nota di contenuto |
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""Content""; ""I. INTRODUCTION""; ""II. THEORETICAL BACKGROUND""; ""III. SPECIFICATIONS AND EMPIRICAL METHODOLOGY""; ""IV. DATA DESCRIPTION""; ""V. ESTIMATION RESULTS AND DISCUSSIONS""; ""VI. CONCLUDING REMARKS""; ""References"" |
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Sommario/riassunto |
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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 |
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