Enforcing Public-Private Partnership Contract : How do Fiscal Institutions Matter? /

Enforcing Public-Private Partnership Contract : How do Fiscal Institutions Matter? /

Public-private partnerships (PPPs) have increased rapidly in emerging and developing countries, creating both opportunities and fiscal challenges. One of the main challenges is that while governments have increased commitments in guarantees and direct subsidies to promote PPPs, contractual disputes...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Nose, Manabu
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2017.
Sraith:IMF Working Papers; Working Paper ; No. 2017/243
Rochtain ar líne:Full text available on IMF
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245 1 0 |a Enforcing Public-Private Partnership Contract :   |b How do Fiscal Institutions Matter? /  |c Manabu Nose. 
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300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Public-private partnerships (PPPs) have increased rapidly in emerging and developing countries, creating both opportunities and fiscal challenges. One of the main challenges is that while governments have increased commitments in guarantees and direct subsidies to promote PPPs, contractual disputes remain high with significant costs. This paper examines how fiscal institutions affect the selection of PPP contracts and the probability of contract disputes using about 6,000 PPP contract-level data. The analysis shows that larger government financing needs, lower budget transparency and bureaucratic efficiency are associated with higher probability for governments to offer guarantees. Propensity score matching results show that disputes are more common for guaranteed contracts due to adverse selection and contingent liability effects. PPP management quality and budget transparency are found to be key determinants for a longer survival of PPPs. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/243 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2017/243/001.2017.issue-243-en.xml  |z IMF e-Library 

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