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IR12-020_Albalate-Bel.pdf (702.17 KB)

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Working paper

Publication date

2012

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cc-by-nc-nd, (c) Albalate et al., 2012
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/58437

The determinants of contractual choice for private involvement in infrastructure projects in the United States

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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.

Subject

Privatització, Contractes administratius, Infraestructura (Economia), Risc (Economia)

Subject (English)

Privatization, Public contracts, Infrastructure (Economics), Risk

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Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citation

ALBALATE, Daniel, BEL I QUERALT, Germà and GEDDES, R. Richard. The determinants of contractual choice for private involvement in infrastructure projects in the United States. IREA – Working Papers. 2012. Vol.  IR12/20. ISSN 2014-1254. [consulted: 13 of August of 2026]. Available at: https://hdl.handle.net/2445/58437

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