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Books > Business & Economics > Economics > Microeconomics
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The Economics of Public-Private Partnerships - A Basic Guide (Paperback)
Loot Price: R1,059
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The Economics of Public-Private Partnerships - A Basic Guide (Paperback)
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Governments typically build and maintain public infrastructure,
which they fund through taxes. But in the past twenty-five years,
many developing and advanced economies have introduced
public-private partnerships (PPPs), which bundle finance,
construction, and operation into a long-term contract with a
private firm. In this book, the authors provide a summary of what,
they believe, are the main lessons learned from the interplay of
experience and the academic literature on PPPs, addressing such key
issues as, when governments should choose a PPP instead of a
conventional provision, how PPPs should be implemented, and the
appropriate governance structures for PPPs. The authors argue that
the fiscal impact of PPPs is similar to that of conventional
provisions and that they do not liberate public funds. The case for
PPPs rests on efficiency gains and service improvements, which
often prove elusive. Indeed, pervasive renegotiations, faulty
fiscal accounting, and poor governance threaten the PPP model.
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