How does risk transference to private partner impact on public-private partnerships’ success? Empirical evidence from developing economies
Jorge Fleta-Asín and
Socio-Economic Planning Sciences, 2020, vol. 72, issue C
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:72:y:2020:i:c:s003801211930607x
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