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Is A Social Empowerment Of Ppp For Infrastructure Delivery Possible? Lessons From Social Impact Bonds

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  • Veronica VECCHI
  • Francesca CASALINI

Abstract

Social Impact Bonds (SIBs) have emerged in recent years as outcome‐based public‐private partnerships (PPP) for the delivery of welfare services, where the payment to the private operator is linked to the achievement of superior social impact. Since the traditional infrastructure‐based PPP approach seems to have failed to achieve higher level of efficiency and, above all, effectiveness, this paper discusses the extent to which the SIB model can represent a reference point to innovate the PPP model by introducing more focus on outcome achievement and social value generation.

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  • Veronica VECCHI & Francesca CASALINI, 2019. "Is A Social Empowerment Of Ppp For Infrastructure Delivery Possible? Lessons From Social Impact Bonds," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 353-369, June.
    • Handle: RePEc:bla:annpce:v:90:y:2019:i:2:p:353-369
    DOI: 10.1111/apce.12230
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    Cited by:

    1. Inderst, Georg, 2020. "Social Infrastructure Finance and Institutional Investors. A Global Perspective," MPRA Paper 99239, University Library of Munich, Germany.
    2. Julie RIJPENS & Marie J. BOUCHARD & Emilien GRUET & Gabriel SALATHÉ-BEAULIEU, 2020. "Social Impact Bonds: Promises versus facts. What does the recent scientific literature tell us?," CIRIEC Working Papers 2015, CIRIEC - Université de Liège.

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