Public-Private Partnership (Theoretical-Methodological Interpretation)
AbstractWith combining of neoclassical and institutional approach and the methodological principle of the external adding, a tendency towards increase of the interaction between public and private sector is outlined. The public-private partnership (PPP) is proved as a perspective form of this interaction. The paper defends the thesis that due to the opportunity to attract private capital, to share the risks, to start the private initiative and market competitive mechanisms, FDI is more effective model for creating public assets and offering qualitative public services, compared with the direct state investments and the public orders. The condition is to follow the concrete goals and to have political support.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2009)
Issue (Month): 3 ()
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- H40 - Public Economics - - Publicly Provided Goods - - - General
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
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