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THE IMPACT OF PUBLIC-PRIVATE PARTNERSHIP IN THE ENERGY FIELD ON ECONOMIC GROWTH

Monica-Lavinia Dan
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Monica-Lavinia Dan: PhD student,School of Advanced Studies of the Romanian Academy(SCOSAAR)

Romanian Journal of Economics, 2022, vol. 54, issue 1(63), 24-33

Abstract: Under pressure to solve a multitude of problems, the public authority is looking for new and additional sources of funding capable of participating in meeting social needs, involving different private sectors by participating in the provision of public services that best meet the needs of the community. Public-private partnership (PPP) expresses a way of cooperation between the public authority and the private sector, in order to provide public services with high quality. Fundamentally, the public-private partnership provides the public service entirely or in part, depending on the private funds attracted and draws on the know how of the private sector. The main goal of this study is to analyze the short-run impact of increasing the value of public-private partnership in energy on economic growth, based on a panel of emerging economies. The outcomes suggest that an increase in the value of public private partnership leads to an increase in GDP growth but only across extreme quantiles. This suggests that public-private partnership in energy is beneficial to economic development, but only during periods of economic booms.

Keywords: public-private partnership; economic growth; energy (search for similar items in EconPapers)
JEL-codes: H57 O47 P18 (search for similar items in EconPapers)
Date: 2022
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