G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26766
来源IDWorking Paper 26766
When and How to Use Public-Private Partnerships in Infrastructure: Lessons From the International Experience
Eduardo Engel; Ronald D. Fischer; Alexander Galetovic
发表日期2020-02-17
出版年2020
语种英语
摘要Public-private partnerships (PPPs) have emerged as a new organizational form to provide public infrastructure over the last 30 years. Governments find them attractive because PPPs can be used to avoid fiscal check-and-balances and increase spending. At the same time, PPPs can lead to important efficiency gains, especially for transportation infrastructure. These gains include better maintenance, reduced bureaucratic costs, and filtering white elephants. For these gains to materialize, it is necessary to deal with the governance of PPPs, which is more demanding than for the public provision of infrastructure. The governance can be improved by the use of contracts with appropriate risk allocation and by avoiding opportunistic renegotiations, which have been pervasive. The good news is that, based on the experience with PPPs over the last three decades, we have learnt how to address these challenges.
主题Public Economics ; Public Goods
URLhttps://www.nber.org/papers/w26766
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584439
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Eduardo Engel,Ronald D. Fischer,Alexander Galetovic. When and How to Use Public-Private Partnerships in Infrastructure: Lessons From the International Experience. 2020.
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