Determinants of Public-Private Partnerships in Infrastructure

This paper presents an empirical analysis of the cross-country and cross-industry determinants of public-private partnership (PPP) arrangements. We find that PPPs tend to be more common in countries where governments suffer from heavy debt burdens and where aggregate demand and market size are large...

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Bibliographic Details
Main Author: Yehoue, Etienne
Other Authors: Hammami, Mona, Ruhashyankiko, Jean-François
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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100 1 |a Yehoue, Etienne 
245 0 0 |a Determinants of Public-Private Partnerships in Infrastructure  |c Etienne Yehoue, Mona Hammami, Jean-François Ruhashyankiko 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2006 
300 |a 39 pages 
651 4 |a United States 
653 |a National Government Expenditures and Related Policies: Infrastructures 
653 |a Income 
653 |a Investment 
653 |a Public finance & taxation 
653 |a Infrastructure 
653 |a Purchasing power parity 
653 |a Currency 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a Other Public Investment and Capital Stock 
653 |a Aggregate Factor Income Distribution 
653 |a Intangible Capital 
653 |a International economics 
653 |a Foreign Exchange 
653 |a Purchasing power 
653 |a Saving and investment 
653 |a Exports 
653 |a Public-private sector cooperation 
653 |a Macroeconomics 
653 |a Capacity 
653 |a Public investment and public-private partnerships (PPP) 
653 |a Capital 
653 |a Public Finance 
653 |a Foreign exchange 
700 1 |a Hammami, Mona 
700 1 |a Ruhashyankiko, Jean-François 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
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082 0 |a 330 
520 |a This paper presents an empirical analysis of the cross-country and cross-industry determinants of public-private partnership (PPP) arrangements. We find that PPPs tend to be more common in countries where governments suffer from heavy debt burdens and where aggregate demand and market size are large. Our findings also suggest that macroeconomic stability is essential for PPPs. We provide evidence on the importance of institutional quality, where less corruption and effective rule of law are associated with more PPP projects. PPPs are also more prevalent in countries with previous PPP experiences. At the industry level, we find that PPP determinants vary across industries depending on the nature of public infrastructure, capital intensity, and technology required. We also find that private participation in PPP projects depends on the expected marketability, the technology required, and the degree of "impurity" of the goods or services