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Title: The determinants of contractual choice for private involvement in infrastructure projects in the United States
Author: Albalate, Daniel, 1980-
Bel i Queralt, Germà, 1963-
Geddes, R. Richard
Keywords: Privatització
Contractes administratius
Infraestructura (Economia)
Risc (Economia)
Public contracts
Infrastructure (Economics)
Issue Date: 2012
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Series/Report no: [WP E-IR12/20]
Abstract: Reliance on private partners to help provide infrastructure investment and service delivery is increasing in the United States. Numerous studies have examined the determinants of the degree of private participation in infrastructure projects as governed by contract type. We depart from this simple public/private dichotomy by examining a rich set of contractual arrangements. We utilize both municipal and state-level data on 472 projects of various types completed between 1985 and 2008. Our estimates indicate that infrastructure characteristics, particularly those that reflect stand alone versus network characteristics, are key factors influencing the extent of private participation. Fiscal variables, such as a jurisdiction’s relative debt level, and basic controls, such as population and locality of government, increase the degree of private participation, while a greater tax burden reduces private participation.
Note: Reproducció del document publicat a:
It is part of: IREA – Working Papers, 2012, IR12/20
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

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