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Does the past matter? Unravelling the temporal interdependencies of institutions in the success of public–private partnerships

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  • Jorge Fleta-Asín
  • Fernando Muñoz-Sánchez
  • José María Gimeno-Feliú

Abstract

This paper examines the impact of institutional forces – legal origin, current institutions, and institutional stability – and their relationship with the success of 6,805 public – private partnerships (PPPs) deployed in 57 developing economies in the period 1997–2017. The results indicate that better current institutions and higher stability influence the success of PPPs. Furthermore, when legal origin, current institutions, and stability are positively aligned, their interaction has a significant impact on PPPs’ performance. The findings are consistent with complementary and substitution institutional effects, which could help policymakers and practitioners to identify success factors for these agreements.

Suggested Citation

  • Jorge Fleta-Asín & Fernando Muñoz-Sánchez & José María Gimeno-Feliú, 2025. "Does the past matter? Unravelling the temporal interdependencies of institutions in the success of public–private partnerships," Public Management Review, Taylor & Francis Journals, vol. 27(7), pages 1830-1856, July.
    • Handle: RePEc:taf:rpxmxx:v:27:y:2025:i:7:p:1830-1856
    DOI: 10.1080/14719037.2022.2125558
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