Item Details

The Economics of Public-Private Partnerships: A Basic Guide

Eduardo Engel (University of Chile), Ronald D. Fischer (University of Chile), Alexander Galetovic (Universidad de Los Andes, Santiago, Chile)
Format
Book
Published
New York, NY : Cambridge University Press, 2014.
Language
English
ISBN
9781107035911, 1107035910, 9781107632783, 1107632781, 9781316056325 (PDF ebook)
Summary
"Governments typically build and maintain public infrastructure, which they fund through taxes. But in the past twenty-five years, many developing and advanced economies have introduced public-private partnerships (PPPs), which bundle finance, construction, and operation into a long-term contract with a private firm. In this book, the authors provide a summary of what, they believe, are the main lessons learned from the interplay of experience and the academic literature on PPPs, addressing such key issues as, when governments should choose a PPP instead of a conventional provision, how PPPs should be implemented, and the appropriate governance structures for PPPs. The authors argue that the fiscal impact of PPPs is similar to that of conventional provisions and that they do not liberate public funds. The case for PPPs rests on efficiency gains and service improvements, which often prove elusive. Indeed, pervasive renegotiations, faulty fiscal accounting, and poor governance threaten the PPP model"--
Contents
  • 1. Introduction
  • 2. Country studies
  • 3. Highways
  • 4. Incentives
  • 5. Private finance
  • 6. Public finance
  • 7. Renegotiations
  • 8. Governance
  • 9. When and how to implement PPPs.
Description
xvi, 176 pages : illustrations ; 24 cm
Notes
Includes bibliographical references (pages 163-171) and index.
Technical Details
  • Access in Virgo Classic

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