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Macroeconomic Dimensions of Public-Private Partnerships

2016-03-24 Business & Economics
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Release : 2016-03-24
Genre : Business & Economics
Kind : eBook
Book Rating : 254/5 ( reviews)

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Book Synopsis Macroeconomic Dimensions of Public-Private Partnerships by : Mr.Edward F. Buffie

Download or read book Macroeconomic Dimensions of Public-Private Partnerships written by Mr.Edward F. Buffie. This book was released on 2016-03-24. Available in PDF, EPUB and Kindle. Book excerpt: The voluminous literature comparing public-private partnerships (P3s) and own-investment (OI) by the public sector is dominated by contributions from microeconomic theory. This paper gives macroeconomics a voice in the debate by investigating the repercussions of P3 vs. OI in a dynamic general equilibrium model featuring private capital accumulation and involuntary unemployment with efficiency wages. Typically P3s cost more but produce higher-quality infrastructure and boast a better on-time completion record than OI; consequently, they are comparatively more effective in reducing underinvestment in private capital, underinvestment in infrastructure, unemployment and poverty. The asymmetric impact on macro externalities raises the social return in the P3 2 - 9 percentage points relative to the social return to OI, depending on whether the externalities operate singly or in combination and on whether P3 enjoys an advantage in speed of construction.

The Economics of Public-Private Partnerships

2014-09-15 Business & Economics
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Release : 2014-09-15
Genre : Business & Economics
Kind : eBook
Book Rating : 910/5 ( reviews)

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Book Synopsis The Economics of Public-Private Partnerships by : Eduardo Engel

Download or read book The Economics of Public-Private Partnerships written by Eduardo Engel. This book was released on 2014-09-15. Available in PDF, EPUB and Kindle. Book excerpt: The authors provide a summary of the main lessons learned from the past twenty-five years regarding public-private partnerships.

Mastering the Risky Business of Public-Private Partnerships in Infrastructure

2021-05-10 Business & Economics
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Release : 2021-05-10
Genre : Business & Economics
Kind : eBook
Book Rating : 569/5 ( reviews)

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Book Synopsis Mastering the Risky Business of Public-Private Partnerships in Infrastructure by : Manal Fouad

Download or read book Mastering the Risky Business of Public-Private Partnerships in Infrastructure written by Manal Fouad. This book was released on 2021-05-10. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

The Emerald Handbook of Public-Private Partnerships in Developing and Emerging Economies

2017-12-07 Business & Economics
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Release : 2017-12-07
Genre : Business & Economics
Kind : eBook
Book Rating : 941/5 ( reviews)

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Book Synopsis The Emerald Handbook of Public-Private Partnerships in Developing and Emerging Economies by : João Leitão

Download or read book The Emerald Handbook of Public-Private Partnerships in Developing and Emerging Economies written by João Leitão. This book was released on 2017-12-07. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook aims to support policy-makers, national governments, national and regional public administrations, PPP officers, practitioners and academia in the design, implementation and assessment of appropriate responses to foster PPPs' uptake in the context of developing and emerging economies.

The Logic of Public–Private Partnerships

2019 BUSINESS & ECONOMICS
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Release : 2019
Genre : BUSINESS & ECONOMICS
Kind : eBook
Book Rating : 693/5 ( reviews)

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Book Synopsis The Logic of Public–Private Partnerships by : Graeme A. Hodge

Download or read book The Logic of Public–Private Partnerships written by Graeme A. Hodge. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: This book examines Public–Private Partnerships (PPP), and tracks the movement from early technical optimism to the reality of PPP as a phenomenon in the political economy. Today's economic turbulence sees many PPP assumptions changed: what contracts can achieve, who bears the real risks, where governments get advice and who invests. As the gap between infrastructure needs and available financing widens, governments and businesses both must seek new ways to make contemporary PPP approaches work.

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