Recent trends in the provision of infrastructure development indicate that the private sector is playing an increasingly important role in the procurement process. This trend has partly arisen out of a necessity for the development of infrastructure to be undertaken at a rate that maintains and...

Business improvement districts (BIDs) are usually established by the legislature as an innovative approach to deliver public services, and funds to support their operations come from taxation on business premises or special property assessment fees levied on property owners for various...

Business improvement districts (BIDs) are usually established by the legislature as an innovative approach to deliver public services, and funds to support their operations come from taxation on business premises or special property assessment fees levied on property owners for various...

Solid waste management is no longer a (local) government monopoly but a domain open to various modes of public-private co-operation. This paper investigates the performances of public-private partnerships in solid waste collection (SWC) in Accra. Through a process of trial and error, the (local)...

Budget cuts, budgets deficits, budget overruns, and limited budgets constitute the reality of today’s public sector. This is not only a problem of scarce resources for new investments but the public sector is also struggling with maintaining assets and services at current levels. Therefore,...

Following the growth, employment and redistribution(GEAR) programme in June 1996, South Africa saw anacceleration in the privatisation of service delivery. Thispaper reports on a study of two longer-termpublic–private partnerships (PPPs) in the water andsanitation sector undertaken in...

Research and innovation partnerships involving firms or firms and public research organizations (PROs) have been increasing over the last twenty years in OECD countries. In this paper we present empirical evidence about the impact of government sponsored R&D programs on firms' partnership...

Through several conduits, sound institutional quality is pivotal for economic development, as there is evidence that stable democratic institutions, rule of law and sound governance structures in the administration are highly conducive to promote growth. Therefore, a high institutional quality...

High-quality infrastructure will boost regional economic development and reduce poverty and income inequality. The spill-over effects created by this high-quality infrastructure will be seen in the form of an increase in gross domestic product and tax revenue in the region. These positive...

We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be financially loss-making. In a continuous-time setting with hidden information about operating profits, we show that an exit option, acting as a risk-sharing...