The Economics of Public-Private Partnerships (Paperback) (ISBN-13: 9781107632783)

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.

Author: Eduardo Engel, Ronald D. Fischer, Alexander Galetovic
ISBN-10: 1107632781
ISBN-13: 9781107632783
Publisher: Cambridge University Press
Language: English
Published: 09/15/2014
Pages: 194
Format: Paperback
Weight: 0.65lbs
Size: 8.90h x 5.90w x 0.80d