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world. It may be quite plausible that such arrangements were initially an attempt to evade expenditure controls and hide …
Persistent link: https://www.econbiz.de/10012780170
Like many other countries, Public-Private Partnership (PPP) has been appreciated as an important way out for infrastructure development in Bangladesh. Though there have been recent successes in institutional and regulatory framework, other critical issues like transaction expertise, PPP...
Persistent link: https://www.econbiz.de/10012854461
We assembled a large panel of project-level technical and financial data, as well as country-level economic, institutional, and political variables to assess how political competition and policy insulation feasibility determine private participation in financing infrastructure in emerging...
Persistent link: https://www.econbiz.de/10012994813
Public Private Partnerships in Mexico have become an alternative financing strategy for infrastructure development; thus, for the economic development of the country, mainly in the road sector. However, the operation of these Partnerships has caused controversy due to failed experiences that...
Persistent link: https://www.econbiz.de/10012930522
The government wants an infrastructure-based public service to be provided. First, the infrastructure has to be built; subsequently, it has to be operated. Should the government bundle the building and operating tasks in a public-private partnership? Or should it choose traditional procurement,...
Persistent link: https://www.econbiz.de/10013249035
Government of India (GOI) is promoting participation of private entrepreneurs in development of infrastructure with a focus to overcome the limitations of public Finance. In EPC model, the tax payer's money were used to finance the projects and public were allowed to use project services free of...
Persistent link: https://www.econbiz.de/10013077758
Indonesia.s infrastructure is in poor shape, having suffered from protracted under-investment since the Asian financial crisis of the late 1990s, and constraints growth potential. This paper focuses on the current state of the regulatory framework and discusses different options for improvement...
Persistent link: https://www.econbiz.de/10012444913
Infrastructure construction is one of the basic driving forces of social and economic development. Since 1978, the construction of infrastructure in the People's Republic of China (PRC) has experienced rapid development, which has given a strong impetus to the PRC's modernization. But behind the...
Persistent link: https://www.econbiz.de/10012239709
This research study aimed to assesses the impact of infrastructure based on the evaluation of infrastructure provision's effect on public finance, presenting the case of Kutaisi International Airport in Georgia. In the case, we assessed the impact of the airport on the public finances of the...
Persistent link: https://www.econbiz.de/10012253863
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 loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...
Persistent link: https://www.econbiz.de/10011925624