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The Portuguese Experience with Public-Private Partnerships
Renneboog, Luc; Miranda Sarmento, J. - Tilburg University, Center for Economic Research - 2014
Abstract: This paper documents the Portuguese experience in Public-Private Partnerships (PPPs). Since 1993, Portugal has been using PPPs intensively, mainly for highway construction and in the health sector. This has enabled the country to close the infrastructure gap and avoid the budget...
Persistent link: https://www.econbiz.de/10011092109
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Public-Private Partnerships : Risk Allocation and Value for Money
Renneboog, Luc; Miranda Sarmento, J. - Tilburg University, Center for Economic Research - 2014
This paper reviews the literature on the allocation and valuation of public-private partnerships (PPPs). First, the paper discusses why governments pursue PPPs and how value for money (VfM) is achieved. Second, the paper reviews the principles of risk allocation and valuation from an academic...
Persistent link: https://www.econbiz.de/10011092336
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The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries
Veganzones, Marie-Ange; Aysan, Ahmet Faruk; Baykal, … - HAL - 2011
This paper aims to ascertain the effects of convergence in governance on investment decisions among a sample of 43 … governance are considered to be areas of higher investment, as a result of further integration and collaborative action among … process and, to a large extent, this is about institutional transformation. Good governance institutions are an assurance to …
Persistent link: https://www.econbiz.de/10008804713
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Governance and Private Investment in the Middle East and North Africa
Aysan, Ahmet Faruk; Nabli, M.-K.; Veganzones, Marie-Ange - HAL - 2011
, with special emphasis on the role of governance. Based on the existing literature, we have categorized what types of … governance institutions are more detrimental to entrepreneurial investments. We have then estimated a simultaneous model of … private investment and governance quality where economic policies concurrently explain both variables. Our empirical results …
Persistent link: https://www.econbiz.de/10008805118