Towards the Determinants of Successful Public-Private Partnership Projects in Jamaica: A Proposed Methodology

Kenisha Iton and Delroy Chevers ()
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Kenisha Iton: SALISES, University of the West Indies
Delroy Chevers: University of the West Indies

A chapter in Advances in Service Science, 2019, pp 251-259 from Springer

Abstract: Abstract The Caribbean countries have a relatively large infrastructure deficit that has affected their economic growth. Infrastructure is essential for growth by providing critical services and facilities. Infrastructure is a major determinant that drives competitiveness, and as such is vital if these economies are to become competitive, grow and developed. Undoubtedly, investing in infrastructure is beneficial for developing countries, but such initiative is usually accompanied by high costs. Mobilizing financial resources needed for infrastructure investment can be challenging for governments in developing countries, with Jamaica being no exception. Public-private partnerships (PPPs) have become alternative ways of raising needed funds for capital intensive public projects, thereby providing a unique solution to speed up infrastructure development. However, the success of these initiatives is inconclusive. Hence, this study seeks to propose a research methodology to assess the major determinants of successful implementation of PPPs in Jamaica. It is hoped that the study will provide useful insights which can assist decision makers in their desire to implement successful PPPs and by extension promote economic and social development in Jamaica.

Keywords: Economic development; Infrastructure; Jamaica; Public-private partnerships; Nominal group technique (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-04726-9_25

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DOI: 10.1007/978-3-030-04726-9_25

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