Theory of PPP

Susumu Ito ()
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Susumu Ito: University of Niigata Prefecture

Chapter Chapter 3 in Infrastructure Development and Public–Private Partnership, 2022, pp 21-33 from Springer

Abstract: Abstract This chapter develops a theoretical understanding of PPP including the history of PPP, theoretical framework of PPP from various perspectives of economics, and literature review on PPP. Literature review is undertaken in the key areas of PPP such as the advantage of PPP, success factors of PPP, and determinants of PPP. Based on the literature review, uncovered areas of past research are also discussed. With nearly thirty years of operation and experience, PPP has been able to gain popularity and trust. However, as discussed in Chap. 2 , PPP is shown to have both advantages and disadvantages in the space of infrastructure development in developing countries. Selection criteria for PPP or public finance for a particular infrastructure project is found as one of the uncovered areas of past studies. Therefore, this book thereby fills this research gap by the discussion of the Philippines’ change in infrastructure governance.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-1088-3_3

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DOI: 10.1007/978-981-19-1088-3_3

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