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DC Field | Value | Language |
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dc.contributor.author | Albalate, Daniel, 1980- | - |
dc.contributor.author | Bel i Queralt, Germà, 1963- | - |
dc.contributor.author | Geddes, R. Richard | - |
dc.date.accessioned | 2018-10-04T16:58:23Z | - |
dc.date.available | 2018-10-04T16:58:23Z | - |
dc.date.issued | 2018 | - |
dc.identifier.uri | http://hdl.handle.net/2445/125080 | - |
dc.description.abstract | Rising use of public-private partnerships, or PPPs, is an important development in U.S. infrastructure delivery. PPPs are detailed contracts between a public-sector infrastructure project sponsor and a private-sector provider that bundle delivery services. PPPs represent a middle ground between pure-public project delivery and complete privatization. As of 2016, thirty-five U.S. states had enacted PPP enabling laws. That legislation defines the broad institutional framework surrounding a PPP agreement. It addresses such questions as the mixing of public- and private-sector funds, the treatment of unsolicited PPP proposals, and need for prior legislative approval of PPP contracts, among other key issues. We provide the first thorough empirical assessment of the impact of PPP enabling laws on a state’s utilization of private investment. We analyze the overall effect of having a PPP enabling law while controlling for a variety of factors, including the state’s indebtedness, its broad political disposition, union membership, per-capita income, and other variables. We then assess the impact of thirteen individual PPP enabling-law provisions. We develop an expert-informed weighted index reflecting the degree to which a state’s law is encouraging or discouraging of private investment. We find that more favorable PPP enabling laws increase private investment: when our favorability index increases by one-tenth, the proportion of infrastructure investment delivered via PPP in a state increases by 0.5-0.6. We find that PPP enabling-law provisions allowing unsolicited proposals and the comingling of public and private funds are particularly important in attracting private investment. | ca |
dc.format.extent | 29 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | ca |
dc.publisher | Universitat de Barcelona. Facultat d'Economia i Empresa | ca |
dc.relation.isformatof | Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2018/201815.pdf | - |
dc.relation.ispartof | IREA – Working Papers, 2018, IR18/15 | - |
dc.relation.ispartofseries | [WP E-IR18/15] | ca |
dc.rights | cc-by-nc-nd, (c) Albalate et al., 2018 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | * |
dc.source | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) | - |
dc.subject.classification | Inversions | - |
dc.subject.classification | Infraestructures (Transport) | - |
dc.subject.classification | Política fiscal | - |
dc.subject.other | Investments | - |
dc.subject.other | Transportation buildings | - |
dc.subject.other | Fiscal policy | - |
dc.title | Do public-private partnership enabling laws increase private investment in infrastructure [WP] | ca |
dc.type | info:eu-repo/semantics/workingPaper | ca |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca |
Appears in Collections: | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) |
Files in This Item:
File | Description | Size | Format | |
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IR18-015_Albalate+Bel+Geddes.pdf | 1.47 MB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License