Public-private partnerships, fiscal risks and efficiency

Gerd Schwartz, …zlem Aydin, Rui Monteiro and Isabel Rial

Chapter 9 in Handbook on Public Sector Efficiency, 2023, pp 197-218 from Edward Elgar Publishing

Abstract: Public-private partnerships (PPPs), or public infrastructure built and managed with private-sector resources, have been popular for a long time. Compared to traditional public investment, PPPs potentially promise greater efficiency for public infrastructure investment projects. However, capturing these efficiency gains requires strong frameworks for contracting and governing public infrastructure, including for assessing and managing fiscal risk. Otherwise, PPPs may easily generate greater fiscal costs compared to traditionally procured public infrastructure projects, reversing the efficiency gains. This chapter explores the relationship between PPPs, fiscal risk, and efficiency, and provides some guidelines for practitioners.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
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