When bigger is better: investment volume drivers in infrastructure public-private partnership projects

Fleta-Asín, Jorge (Universidad de Zaragoza) ; Muñoz, Fernando (Universidad de Zaragoza)

Resumen: This research studies the factors that favour the establishment of high-investment infrastructure public-private partnership (PPP) projects. We analyse 9121 PPPs, hosted in 107 developing countries, in the period 1997–2017. We find that PPP projects adopting contractual forms in which the private party takes more risks, awarded through competitive methods and benefitting from indirect government support programmes, are characterized by a larger investment volume. A more business-friendly economy and robust institutions configure the most conducive environment to establish larger investment PPPs. Furthermore, multilateral development banks’ support of the projects relates positively to their investment volume.

Idioma: Inglés

DOI: 10.1016/j.seps.2022.101473

Año: 2023

Publicado en: SOCIO-ECONOMIC PLANNING SCIENCES 86 (2023), 101473 [14 pp.]
ISSN: 0038-0121

Financiación: info:eu-repo/grantAgreement/ES/DGA/LMP175_21
Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-20R
Financiación: info:eu-repo/grantAgreement/ES/DGA/S42-20R-CREVALOR
Financiación: info:eu-repo/grantAgreement/ES/MCIN/RTI2018-093483-B-I00
Financiación: info:eu-repo/grantAgreement/ES/MCINN/PID2020-113338RB-I00
Financiación: info:eu-repo/grantAgreement/ES/UZ-CUD/UZCUD2020-SOC-05

Tipo y forma: Article (Published version)

Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)