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Policy commitment, legal and regulatory framework, and institutional support for PPP in international comparison: Indexing countries’ readiness for taking up PPP

Author

Listed:
  • Verhoest, Koen

    (University of Antwerp)

  • Petersen, Ole Helby

    (University of Roskilde)

  • Scherrer, Walter

    (University of Salzburg)

  • Murwantara Soecipto, Raden

    (University of Antwerp)

Abstract

In this paper we develop an index of the governmental support for PPP – a ‘PPP Governmental Support Index’ - which aims to measure the extent to which national governments provide an institutional framework that is either conducive or preventive for the introduction and diffusion of PPPs within infrastructure. First, based on a substantive review of the literature we define the elements of the PPP Governmental Support Index, including the policy and political commitment regarding PPPs, the legal and regulatory framework regarding PPPs, as well as the presence/absence of PPP-supporting structures and instruments (PPP-units, procedures for project appraisal and green lightning, and standardization of instruments and contracts). Second, we calculate the ‘PPP Governmental Support’-index for 15 European countries, cluster them and compare similarities and differences in national institutional support of PPPs. Third, we present a first and preliminary exploration of a potential link between national institutional index scores and the number and capital value of implemented PPP projects. Lastly, we discuss the potential and usefulness as well as methodological limitations of the presented PPP Governmental Support Index and elaborate on how this index might be utilized to strengthen future comparative PPP research.

Suggested Citation

  • Verhoest, Koen & Petersen, Ole Helby & Scherrer, Walter & Murwantara Soecipto, Raden, 2014. "Policy commitment, legal and regulatory framework, and institutional support for PPP in international comparison: Indexing countries’ readiness for taking up PPP," Working Papers in Economics 2014-3, University of Salzburg.
  • Handle: RePEc:ris:sbgwpe:2014_003
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    References listed on IDEAS

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    3. Ronald W. McQuaid & Walter Scherrer, 2010. "Changing reasons for public--private partnerships (PPPs)," Public Money & Management, Taylor & Francis Journals, vol. 30(1), pages 27-34, January.
    4. Harald Oberhofer, 2013. "Employment Effects of Acquisitions: Evidence from Acquired European Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 42(3), pages 345-363, May.
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    Cited by:

    1. Veronica Vecchi & Mark Hellowell & Raffaele della Croce & Stefano Gatti, 2017. "Government policies to enhance access to credit for infrastructure-based PPPs: an approach to classification and appraisal," Public Money & Management, Taylor & Francis Journals, vol. 37(2), pages 133-140, February.
    2. Binchao Deng & Dongjie Zhou & Jiachen Zhao & Yilin Yin & Xiaoyu Li, 2021. "Fuzzy Synthetic Evaluation of the Critical Success Factors for the Sustainability of Public Private Partnership Projects in China," Sustainability, MDPI, vol. 13(5), pages 1-23, February.
    3. Goran Amović & Rado Maksimović & Sonja Bunčić, 2020. "Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina," Sustainability, MDPI, vol. 12(17), pages 1-29, September.

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    More about this item

    Keywords

    Public-private partnerships; -comparative index; country rankings; institutional framework; COST Action TU1001.;
    All these keywords.

    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

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