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Public-Private Partnerships in Europe - Before and During the Recent Financial Crisis

Andreas Kappeler and Mathieu Nemoz ()
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Mathieu Nemoz: European Investment Bank

No 2010/4, Economic and Financial Reports from European Investment Bank, Economics Department

Abstract: This paper offers an updated description of the macroeconomic and sectoral significance of PPPs in Europe - without assessing PPPs from a normative perspective. Builidng on Blanc-Brude et al. (2007), it looks at the evolution of PPPs in the EU, with a particular focus on the recent financial crisis. In 2009, PPP transactions stood at EUR 15.8 billion; a decrease of almost 50% compared to 2007. The total value of closed deals has declined more than the number of deals. At the same time, the PPP market in Europe continues to diversify across countries and sectors. In 2008, the UK share in the total number of EU-PPPs fell below 50%. In many respects, however, the reduction in the European PPP market observed during the financial crisis can be seen as a reversal of an extraordinary spike in the years preceding the crisis.

Keywords: Public-Private Partnerships; Europe; PPP (search for similar items in EconPapers)
JEL-codes: H54 L33 R42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-eur and nep-pub
Date: 2010-07-01
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