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Effects of multilateral support on infrastructure PPP contract cancellation

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  • Marcelo Gordillo,Darwin
  • House,Ruth Schuyler

Abstract

This paper examines the relationship between multilateral support and contract cancellation in long-term infrastructure public-private partnerships. The analysis draws on a large data set and employs a multi-level econometric model to define propensity scores and matching estimators to compare rates of cancellation between projects with multilateral support and a comparison group of public-private partnership projects without multilateral support. The results suggest that multilateral support has a positive effect on the survival of long-term public-private partnership infrastructure contracts. Whereas observed the data suggest that multilateral support has no effect on cancellation rates, a quasi-experimental approach shows that the cancellation rate for projects with multilateral (6 percent) would have been about 48 percent higher without support from multilateral development organizations.

Suggested Citation

  • Marcelo Gordillo,Darwin & House,Ruth Schuyler, 2016. "Effects of multilateral support on infrastructure PPP contract cancellation," Policy Research Working Paper Series 7751, The World Bank.
    • Handle: RePEc:wbk:wbrwps:7751
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    File URL: http://documents.worldbank.org/curated/en/434361468942595220/pdf/WPS7751.pdf
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    Cited by:

    1. Fleta-Asín, Jorge & Muñoz, Fernando, 2023. "When bigger is better: Investment volume drivers in infrastructure public-private partnership projects," Socio-Economic Planning Sciences, Elsevier, vol. 86(C).
    2. Jorge Fleta‐Asín & Fernando Muñoz, 2021. "Renewable energy public–private partnerships in developing countries: Determinants of private investment," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 653-670, July.

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    Keywords

    Private Participation in Infrastructure;

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