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Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China

Author

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  • Ling Wang
  • Lihong Zhou
  • Yan Xiong
  • Dongyi Yan

Abstract

By identifying the political motives of officials and local governments, this study aims to provide a new political economic analysis framework for understanding China's incentives for investing in public–private partnership (PPP) infrastructure projects. Chinese urban panel data for the period 2013–17 were used to examine the mechanisms of promotion pressure and financial burden in relation to investments in PPP infrastructure projects. Based on our findings, the following policy recommendations are proposed: standardise the behaviour of local government officials in promoting PPP projects, establish a lifelong accountability mechanism for PPP project performance, establish a mechanism for local government debt risk assessment and prevention, and avoid the risk of local debt arising from over‐investment in PPP infrastructure projects. Moreover, a match should be formed between local economic infrastructure planning and investment plans to avoid over‐ or under‐investment.

Suggested Citation

  • Ling Wang & Lihong Zhou & Yan Xiong & Dongyi Yan, 2019. "Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(2), pages 128-142, November.
    • Handle: RePEc:bla:apacel:v:33:y:2019:i:2:p:128-142
    DOI: 10.1111/apel.12271
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    Cited by:

    1. Liu, Jiaqi & Liu, Jicai & Bu, Zehui & Zhou, Yining & He, Peifen, 2022. "Path analysis of influencing government's excessive behavior in PPP project: Based on field dynamic theory," Transportation Research Part A: Policy and Practice, Elsevier, vol. 166(C), pages 522-540.
    2. Juanfeng Zhang & Lele Li & Danxia Zhang & Jie Gu, 2021. "Seven super urban agglomerations, governments’ debt risk, and land leasing, China," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2662-2679, December.
    3. Huanming Wang & Xiaoyun Sun & Yu Shi, 2024. "Commercial investment in public–private partnerships: the impact of government characteristics," Local Government Studies, Taylor & Francis Journals, vol. 50(1), pages 230-260, January.
    4. Dan Pan & Huan Chen & Guzhen Zhou & Fanbin Kong, 2020. "Determinants of Public-Private Partnership Adoption in Solid Waste Management in Rural China," IJERPH, MDPI, vol. 17(15), pages 1-14, July.

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