Why do U.S. states adopt public–private partnership enabling legislation?
Public–private partnerships, or PPPs, have the potential to address a range of urban economic issues. As of late 2012, thirty-two U.S. states and Puerto Rico had enacted legislation enabling the use of PPPs. PPP enabling laws address such issues as the treatment of unsolicited PPP proposals, prior legislative approval of PPP contracts, and the mixing of public and private funds. We utilize 13 key elements of PPP enabling laws to develop an index reflecting the degree to which a state’s law is encouraging or discouraging of private infrastructure investment. We examine why states pass such laws, and why some states pass legislation that is relatively more favorable to private investment. We consider demand side, supply side, and political/institutional drivers of passage. Vehicle registration growth and greater traffic congestion both increase the likelihood of passage, as does political agreement between a state’s executive and legislative branches. Traffic congestion, growth in per-capita income, and the percent of Republicans in the state’s House of Representatives all increase a law’s favorability to private investment. There is little indication that traditional public finance variables, such as federal highway aid, affect the likelihood of passage or the favorability of a state’s PPP enabling law.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Germà Bel & Xavier Fageda, 2009.
"Factors explaining local privatization: a meta-regression analysis,"
Springer, vol. 139(1), pages 105-119, April.
- Germà Bel & Xavier Fageda, 2006. "Factors explaining local privatization: A meta-regression analysis," Working Papers CREAP2006-03, Xarxa de Referència en Economia Aplicada (XREAP), revised Oct 2006.
- William J. Collins, 2003.
"The labor market impact of state-level anti-discrimination laws, 1940-1960,"
Industrial and Labor Relations Review,
ILR Review, Cornell University, ILR School, vol. 56(2), pages 244-272, January.
- William J. Collins, 2001. "The Labor Market Impact of State-Level Anti-Discrimination Laws, 1940-1960," Vanderbilt University Department of Economics Working Papers 0108, Vanderbilt University Department of Economics.
- William J. Collins, 2001. "The Labor Market Impact of State-Level Anti-Discrimination Laws, 1940-1960," NBER Working Papers 8310, National Bureau of Economic Research, Inc.
- Gilles Duranton & Matthew A. Turner, 2009.
"The Fundamental Law of Road Congestion: Evidence from US cities,"
tecipa-370, University of Toronto, Department of Economics.
- Gilles Duranton & Matthew A. Turner, 2011. "The Fundamental Law of Road Congestion: Evidence from US Cities," American Economic Review, American Economic Association, vol. 101(6), pages 2616-52, October.
- Gilles Duranton & Matthew A. Turner, 2009. "The Fundamental Law of Road Congestion: Evidence from US cities," NBER Working Papers 15376, National Bureau of Economic Research, Inc.
- Gilles Duranton & Matthew A. Turner, 2009. "The Fundamental Law of Road Congestion: Evidence from US Cities," SERC Discussion Papers 0030, Spatial Economics Research Centre, LSE.
- Duranton, Gilles & Turner, Matthew A, 2009. "The Fundamental Law of Road Congestion: Evidence from US cities," CEPR Discussion Papers 7462, C.E.P.R. Discussion Papers.
- Richard S. Grossman & Stephen A. Lee, 2008. "May Issue Versus Shall Issue: Explaining The Pattern Of Concealed-Carry Handgun Laws, 1960-2001," Contemporary Economic Policy, Western Economic Association International, vol. 26(2), pages 198-206, 04.
- Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-79, June.
- Etienne B. Yehoue & Mona Hammami & Jean-FranÃ§ois Ruhashyankiko, 2006. "Determinants of Public-Private Partnerships in Infrastructure," IMF Working Papers 06/99, International Monetary Fund.
- Geddes, Rick & Vinod, Hrishikesh D, 2002. "CEO Tenure, Board Composition, and Regulation," Journal of Regulatory Economics, Springer, vol. 21(2), pages 217-35, March.
- Yarrow, George, 1999. "A theory of privatization, or why bureaucrats are still in business," World Development, Elsevier, vol. 27(1), pages 157-168, January.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2006.
"Privatizing Highways in the United States,"
Review of Industrial Organization,
Springer, vol. 29(1), pages 27-53, September.
- Robert McGuire & Robert Ohsfeldt & T. Cott, 1987. "The determinants of the choice between public and private production of a publicly funded service," Public Choice, Springer, vol. 54(3), pages 211-230, August.
- Germ� Bel & Xavier Fageda & Mildred E. Warner, 2010.
"Is private production of public services cheaper than public production? A meta-regression analysis of solid waste and water services,"
Journal of Policy Analysis and Management,
John Wiley & Sons, Ltd., vol. 29(3), pages 553-577.
- Bel Germà & Fageda Xavier & E. Mildred, 2014. "Is private production of public services cheaper than public production? A meta-regression analysis of solid waste and water services," Public administration issues, Higher School of Economics, issue 3, pages 103-140.
- Germà Bel & Xavier Fageda & Mildred E. Warner, 2009. "Is Private Production of Public Services Cheaper than Public Production? A meta-regression analysis of solid waste and water services," IREA Working Papers 200923, University of Barcelona, Research Institute of Applied Economics, revised Oct 2009.
- repec:oup:qjecon:v:114:y:1999:i:4:p:1437-1467 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:eee:juecon:v:78:y:2013:i:c:p:30-41. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.