The Economics of Public-Private Partnerships - A Basic Guide (Paperback)

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 2014
Authors:	Eduardo Engel • Ronald D. Fischer • Alexander Galetovic
Dimensions:	226 x 150 x 20mm (L x W x T)
Format:	Paperback - Trade
Pages:	194
ISBN-13:	978-1-107-63278-3
Categories:	Books > Social sciences > Politics & government > Public administration Books > Business & Economics > Economics > Microeconomics > General
LSN:	1-107-63278-1
Barcode:	9781107632783

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