Public Private Partnership management effects on road safety outcomes

Daniel Albalate and Paula Bel-Piñana ()
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Paula Bel-Piñana: GiM-IREA, Universitat de Barcelona

No XREAP2017-08, Working Papers from Xarxa de Referència en Economia Aplicada (XREAP)

Abstract: Public Private Partnerships (PPP) have become common in providing high-quality infrastructure in many countries worldwide. One of the main reasons for PPP agreements is to improve efficiency and quality in the delivery of public services, as well as to boost investments for expensive projects. Despite PPPs having been particularly widespread in the case of the construction and rehabilitation of high-capacity road infrastructure, their impact in terms of road safety outcomes is still unexplored. This paper studies the effects of PPPs on road safety outcomes by taking advantage of the variety of management models provided in the Spanish highway network. Results based on a panel-data fixed-effects method show that the most relevant aspect influencing road safety outcomes is the quality of design of the road. However, we find strong evidence suggesting that privately operated highways perform better in terms of road safety outcomes than publicly operated highways, for roads with a similar quality of design.

Keywords: Public Private Partnership; highway; road safety; management (search for similar items in EconPapers)
JEL-codes: H23 I18 L33 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2017-11, Revised 2017-11
New Economics Papers: this item is included in nep-eur, nep-ppm, nep-pub, nep-tre and nep-ure
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http://www.xreap.cat/RePEc/xrp/pdf/XREAP2017-08.pdf First version, 2017 (application/pdf)
http://www.xreap.cat/RePEc/xrp/pdf/XREAP2017-08.pdf Revised version, 2017 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:xrp:wpaper:xreap2017-08

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