Factors affecting public-private participation in selected countries (With emphasis on institutional factors)

Document Type : Original Article

Authors

1 M.Sc., Economics, University of Tehran, Tehran, Iran

2 Applied Economics Department, Faculty of Economics, University of Tehran

3 Ph.D student of econoics, Faculty of Economics, Allameh Tabatabai University

Abstract

New urban needs and urban development have left governments with a shortage of financial resources to provide urban services, creating a gap between supply and demand for infrastructure. This issue has become important in the field of financing urban projects from the perspective of the public sector and especially municipalities. Public Private Partnership (PPP) is one of the infrastructure supply models that governments have focused on in recent decades. Given that these types of models have significant complexities in different stages of the project and the relationships that govern it are long-term, it is important to know the factors affecting it and related institutions. In this study, by examining the channels affecting PPP as well as econometric analysis by panel method, the factors affecting public-private participation in selected countries have been investigated. The results of the research econometric model show the positive impact of government debt, market size, macroeconomic stability, and a strong legal system on the rate of public-private partnership projects.

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References

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Economic Strategy
Volume 9, Issue 35 - Serial Number 35
November 2020
Pages 237-261

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