IDEAS home Printed from https://ideas.repec.org/a/taf/rpxmxx/v26y2024i6p1583-1609.html
   My bibliography  Save this article

What triggers public-private partnership (PPP) renegotiations in the United States?

Author

Listed:
  • Jonathan L. Gifford
  • Lisardo A. Bolaños
  • Nobuhiko Daito
  • Carter B. Casady

Abstract

Public-private partnership (PPP) renegotiations and their outcomes have been studied extensively in Latin America and Europe but not in the United States. Therefore, this study evaluates factors triggering U.S. PPP renegotiations by examining six highway PPPs located in California (2), Indiana (1), and Virginia (3). The findings suggest exogenous macroeconomic shocks, project and political complexity, and institutional inexperience are the most compelling triggers behind U.S. PPP renegotiations. These findings also highlight America’s distinct political and institutional environment – i.e. favourable to buy-outs as well as debt restructuring via bankruptcy – as a possible explanation for the absence of opportunism among U.S. PPP renegotiations.

Suggested Citation

  • Jonathan L. Gifford & Lisardo A. Bolaños & Nobuhiko Daito & Carter B. Casady, 2024. "What triggers public-private partnership (PPP) renegotiations in the United States?," Public Management Review, Taylor & Francis Journals, vol. 26(6), pages 1583-1609, June.
    • Handle: RePEc:taf:rpxmxx:v:26:y:2024:i:6:p:1583-1609
    DOI: 10.1080/14719037.2023.2200404
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14719037.2023.2200404
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14719037.2023.2200404?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rpxmxx:v:26:y:2024:i:6:p:1583-1609. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rpxm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.