PUBLIC-PRIVATE PARTNERSHIP'S ASCENT AND FALL IN EUROPE

Cristina - Iuliana PETROVAN (maranda) ()
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Cristina - Iuliana PETROVAN (maranda): PhD Student, Economics, Faculty of Economics, Administration and Business, „Ștefan cel Mare†University of Suceava, Suceava, Romania

Annals of Faculty of Economics, 2023, vol. 32, issue 2, 48-58

Abstract: Collaborations between public and private have appeared in Europe since ancient times, presenting in different ways from one nation to another, and being the source of the current "public-private partnership" arrangement. This study aims to emphasize the significance of "public-private partnership" for a certain area. In this research, I used the qualitative technique to examine and understand the global experience in developing public-private partnerships. The method was effective in showing how "public-private partnerships" have changed throughout Europe. There is no standard definition of "public-private partnership" that can be found in all studies because there isn't one that everybody in Europe acknowledges. Presenting the development of "public-private partnerships" throughout Europe and emphasizing their ascent and fall, is the primary output of this study. Additionally, this study aimed to demonstrate the current status of this kind of cooperation throughout Europe and the interest that European nations have shown in “public-private partnerships†. The market for “public-private partnerships†in Europe has been expanding gradually since 1990. Since then, Great Britain has dominated the market for public-private partnerships for a considerable amount of time. This is a country where interest in this kind of cooperation has grown. In this study, we attempted to draw interest in the time when Great Britain was the front-runner and the point at which other states overtook it. The recent development of public-private partnerships in Europe was given also special attention by presenting the states who are paving the way in implementing PPP projects together with the governments that have only recently concentrated on doing so.

Keywords: Public-private partnership; Europe; Cooperation; Projects (search for similar items in EconPapers)
JEL-codes: O16 P45 R11 (search for similar items in EconPapers)
Date: 2023
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