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Navigating The Risks Of Public- Private Partnerships: Challenges And Mitigation Strategies

Author

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  • Elena BIZIM (SURDU)

Abstract

This study explores the obstacles and risks that Public-Private Partnerships (PPPs) encounter in carrying out economic development initiatives, across Romanian nations. The study addresses financial, regulatory, risk management and social-environmental factors that influence the success of PPPs in the current economic environment . The research has as main objective to identify and analyze the major risks associated with PPPs in Romanian national governance systems.Drawing from a comprehensive review of existing literature, the study highlights a litterature review regarding the most common issues, as limited sources of financing, high upfront costs, technological and cash-flow risks, uncertain returns and weak regulatory frameworks. By integrating theoretical frameworks, the research explores the corelation between these challenges and the factors that slow down the effectiveness of PPPs in the nowaday economic trends. The findings emphasize the need for enhanced government capacity, tighter regulatory enforcement, and improved risk management strategies. Policy suggestions are offered to bridge the gaps and enhance the overall efficiency of PPPs in fostering sustainable economic and social development. Finally, the study outlines directions for future research to further explore the evolving dynamics of PPPs in sustainable economic growth and their potential role in achieving sustainable development goals.

Suggested Citation

  • Elena BIZIM (SURDU), 2025. "Navigating The Risks Of Public- Private Partnerships: Challenges And Mitigation Strategies," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 11(2), pages 155-170, December.
    • Handle: RePEc:aem:journl:v:11:y:2025:i:2:p:155-170
    DOI: https://doi.org/10.53486/2537-6179.11-2.09
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    References listed on IDEAS

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    1. Abhinav Mittal & Puneet Agrawal & Shuchi Agrawal, 2023. "Hybrid Annuity Model (HAM) of Hybrid Public-Private Partnership Projects," Management for Professionals, Springer, number 978-981-19-2019-6, December.
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      Keywords

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      JEL classification:

      • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
      • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
      • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
      • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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