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.


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    Title :

    Quality of institutions and private participation in transport infrastructure investment: Evidence from developing countries


    Contributors:


    Publication date :

    2014-10-13


    Size :

    9 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English





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