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Public-private partnerships: some lessons from Portugal

Author

Listed:
  • Monteiro, Rui Sousa

    (Parpublica SA,)

Abstract

The Portuguese PPP experience demonstrates the effectiveness of PPPs in rapidly developing infrastructure and in improving the quality of public services. But the ultimate goal is economic efficiency, not just effectiveness. On this count, Portugal's PPPs may not have scored as high as they could have. To some extent, this has been inevitable, given that no well-tested blueprint to follow was available when Portugal embarked on the PPP route a decade ago. That said, recent changes to Portugal's institutional framework for PPPs - especially a more rigorous appraisal of PPPs, their long-term budgetary implications, and of the contractual arrangements supporting them - aim at ensuring efficiency in the provision of infrastructure services and, thus, value for money.

Suggested Citation

  • Monteiro, Rui Sousa, 2005. "Public-private partnerships: some lessons from Portugal," EIB Papers 9/2005, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibpap:2005_009
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    Citations

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    Cited by:

    1. Gerhard Hammerschmid & Tamyko Ysa, 2010. "Empirical PPP Experiences in Europe: National Variations of a Global Concept," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 15, Edward Elgar Publishing.
    2. Sarmento, Joaquim Miranda & Renneboog, Luc & Verga-Matos, Pedro, 2017. "Measuring highway efficiency : A DEA approach and the Malquist index," Other publications TiSEM 23264815-321e-45a3-83ee-9, Tilburg University, School of Economics and Management.
    3. Miranda Sarmento, J. & Renneboog, L.D.R., 2014. "The Portuguese Experience with Public-Private Partnerships," Other publications TiSEM f25ddc4d-e3e6-4812-b527-3, Tilburg University, School of Economics and Management.
    4. Mr. Edward F Buffie & Michele Andreolli & Ms. Grace B Li & Luis-Felipe Zanna, 2016. "Macroeconomic Dimensions of Public-Private Partnerships," IMF Working Papers 2016/078, International Monetary Fund.

    More about this item

    Keywords

    public-private partnerships; fiscal impact; Portugal;
    All these keywords.

    JEL classification:

    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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