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This paper studies the optimal structure of procurement contracts between public and private sectors by mainly comparing two typical procurement types: traditional procurement and public-private partnership (PPP). We first set up a principal-agent model focusing on bundling effects of...
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The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined … infrastructure investment, which then drives economic growth via various channels including reducing transaction costs and raising … productivity. Another mechanism emphasized in this paper is that infrastructure investment can promote urbanization through …
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Given the current state of infrastructure needs in the U.S., does it not make sense for the public sector to draw on … can provide the best services to meet the growing needs of U.S. infrastructure -- with the private sector often tapped for … infrastructure services …
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Poor infrastructure has long been identified as one of the major barriers to Philippine economic growth. From 2008 …-2012, the share of infrastructure spending by the government in the country's Gross Domestic Product (GDP) was approximately … sector participation in constructing, operating, and managing infrastructure projects though Public-Private Partnership (PPP …
Persistent link: https://www.econbiz.de/10012981306
Projects that do not generate explicit income cannot be possibly financed on a profit-sharing basis. A suitable interest-free alternative method of financing is presented here, based on istisna‘ sale contract (commissioned or pre-ordered productio). Various aspects of using istisna‘ as a...
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-stage project abandonment, and the timing of capital commitments to the infrastructure investment. We use these results to identify …) to reduce the total costs of funding infrastructure projects in emerging economies. Our objective is to elaborate on … protecting infrastructure projects in emerging economies, under third-party sponsorship, from low-probability, high …
Persistent link: https://www.econbiz.de/10013098679