How does risk transference to private partner impact on public-private partnerships’ success? Empirical evidence from developing economies

Jorge Fleta-Asín and Fernando Muñoz

Socio-Economic Planning Sciences, 2020, vol. 72, issue C

Abstract: This work analyses how risk transference to the private partner affects the success of public-private partnerships (PPP). For this purpose, a broad sample from the World Bank database of 6,022 PPP infrastructure projects in 59 developing countries in the period 1997 to 2016 is analysed. Using multilevel logistic models our results show that PPPs' success is more likely when the private partner takes more risk and the economic and institutional environments are better. Another interesting finding is that an excessive transference of risks to the private party when certain institutional features show good records could prejudice PPPs’ performance.

Keywords: Public-private partnerships; Risk transference; Success; Economic conditions; Institutional environment; Developing economies (search for similar items in EconPapers)
JEL-codes: G32 L32 L33 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S003801211930607X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:72:y:2020:i:c:s003801211930607x

DOI: 10.1016/j.seps.2020.100869

Access Statistics for this article

Socio-Economic Planning Sciences is currently edited by Barnett R. Parker

More articles in Socio-Economic Planning Sciences from Elsevier
Bibliographic data for series maintained by Catherine Liu ().