Highlights Public–Private Partnerships (PPPs) schemes have been increasingly adopted. We explore the determinants of private participation in infrastructure projects in developing countries. Larger participation of private parties in PPPs in case of lower corruption, civil freedom and better regulation.
Abstract In recent decades, owing to a series of public debt crises and constraints on government expenditure, infrastructure investment has dropped significantly in both developed and developing countries. To counterbalance this trend, Public–Private Partnerships (PPPs) schemes have been increasingly adopted. In this paper, we explore the determinants of the degree of private participation in transport infrastructure projects in a large sample of developing countries. By using a large sample of transport projects included in the World Bank Private Participation in Infrastructure Projects database, we document that greater participation by private parties in PPP contracts is associated with better institutions in terms of lower corruption, civil freedom, and a better regulatory framework.
Quality of institutions and private participation in transport infrastructure investment: Evidence from developing countries
Transportation Research Part A: Policy and Practice ; 70 ; 50-58
2014-10-13
9 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Investment in transport infrastructure in ECMT countries
SLUB | 1988
|Private Sector Investment in Transport Infrastructure in Europe
British Library Conference Proceedings | 1995
|Extracting Money from the System Private Funding of Transport infrastructure Investment
British Library Conference Proceedings | 1993
|