Determinants of Public-Private Partnerships in Infrastructure

摘要: This paper presents an empirical analysis of the cross-country and cross-industry determinants public-private partnership (PPP) arrangements. We find that PPPs tend to be more common in countries where governments suffer from heavy debt burdens aggregate demand market size are large. Our findings also suggest macroeconomic stability is essential for PPPs. provide evidence on importance institutional quality, less corruption effective rule law associated with PPP projects. prevalent previous experiences. At industry level, we vary across industries depending nature public infrastructure, capital intensity, technology required. private participation projects depends expected marketability, required, degree 'impurity' goods or services.