Public–Private Partnerships: Left or Right Government Economic Policy?

Vicente Alcaraz Carrillo de Albornoz (), Antonio Lara Galera (), Juan Molina Millán () and Belén Muñoz Medina ()
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Vicente Alcaraz Carrillo de Albornoz: Universidad Politécnica de Madrid
Antonio Lara Galera: Universidad Politécnica de Madrid
Juan Molina Millán: Universidad Politécnica de Madrid
Belén Muñoz Medina: Universidad Politécnica de Madrid

Public Organization Review, 2023, vol. 23, issue 4, No 13, 1523-1544

Abstract: Abstract Public–Private Partnerships (PPPs) are long-term arrangements in which the private sector usually finances a substantial portion of the project’s capital expenditure. In this sense, many consider PPPs as a market-oriented (and thus a conservative or right government) policy. Nevertheless, a review of what has been happening over the past four decades around the world suggests that PPPs are not an ideological policy, since governments of all political orientations (centre, left and right) have adopted them, existing an important relationship between the number of projects they have implemented and the time they have stayed in office. PPPs have reached financial close under governments of all ideologies, and with a similar annual average in number. The average size of PPP projects that reached financial close under left governments is however smaller.

Keywords: Public-Private Partnership; PPP; Center government; Right government; Left government (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s11115-022-00689-8

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