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Kang, Seong, Dhanakorn Mulaphong, Eunjin Hwang, and Chih-Kai Chang. "Public-private partnerships in developing countries." International Journal of Public Sector Management 32, no. 4 (May 13, 2019): 334–51. http://dx.doi.org/10.1108/ijpsm-01-2018-0001.
Повний текст джерелаАнотація:
Purpose Mounting fiscal constraints and increasing complexity of public services have led governments to search for alternative service delivery mechanisms. The public–private partnership (PPP) is one type of service arrangement in which the public and private sectors enter into a long-term cooperative relationship for the purpose of delivering a public good or service. Despite increasing private sector participation in developing nations, there is a need for more systematic assessment of PPPs in such countries. The purpose of this paper is to explore the factors that affect the adoption and implementation of projects in the context of developing countries. Design/methodology/approach A multiple case holistic design is employed to analyze 19 select projects across several developing countries to identify and pool clusters of variables that facilitate or impede PPPs. Findings The results indicate five broad categories of political, economic, legislative, financial and management requisites. Research limitations/implications A limitation of this research is that the cases were not selected at random. However, the projects are spread across several areas such as public health, public utilities, public works, transportation and water/wastewater infrastructure in different countries. This allows the authors to examine how the common factors apply across different contextual settings. Originality/value This paper seeks to contribute to the literature by examining several developing countries to identify and pool clusters of variables that facilitate or impede the effective implementation of PPP projects in the context of such regions.
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HRYHORENKO, V. "The best foreign practices for developing mechanisms of public-private partnership in the field of cybersecurity." INFORMATION AND LAW, no. 2(37) (June 23, 2021): 155–61. http://dx.doi.org/10.37750/2616-6798.2021.2(37).238405.
Повний текст джерелаАнотація:
The role and place of public-private partnership in the field of cybersecurity in modern conditions are determined. Models of building public-private partnerships in the field of cybersecurity through the prism of the experience of some advanced countries (Israel, Germany, USA, GB) are detailed. The positive achievements of foreign experience of public-private partnership in the field of cybersecurity are summarized. Problematic issues of public-private partnership development as a component of the national cybersecurity system are formulated. The directions of improvement of public-private partnership in the field of cybersecurity are proposed.
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Babatunde, Solomon Olusola, Srinath Perera, Lei Zhou, and Chika Udeaja. "Barriers to public private partnership projects in developing countries." Engineering, Construction and Architectural Management 22, no. 6 (November 16, 2015): 669–91. http://dx.doi.org/10.1108/ecam-12-2014-0159.
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Melville, Duncan. "Public–Private Partnerships in Developing Countries." Review of Market Integration 8, no. 3 (December 2016): 152–69. http://dx.doi.org/10.1177/0974929217714673.
Повний текст джерелаАнотація:
First used in developed markets, public–private partnerships (or PPPs) are being increasingly used to deliver critical infrastructure projects within developing countries. The success in developed markets is, however, unlikely to be easily transferrable to developing markets, and the usefulness of the contractual framework unpinning PPPs in such countries is worth questioning. In particular, a number of important developmental questions need to be answered. Are developing countries’ economic objectives best achieved through PPPs? Can developing country’s institutions support successful PPP procurement? Does a pipeline of PPP projects in a developing country ensure the growth of high-skilled jobs in the country? By exploring the experiences of PPP procurement in Chile, this article draws the conclusion that it would be in the best interest of developing countries to require domestic or local involvement within PPP consortiums, either through domestic ownership or in domestic/foreign construction partnering. Such local involvement is most likely to ensure the development of domestic engineering and construction companies and mitigate the potentially negative effects of an infrastructure market dominated by foreign influence. PPPs have been lauded for providing the ‘best of both worlds’ of private and public involvement. But the complex contractual structuring, sophisticated financing and robust institutional support involved, make PPPs an inaccessible tool for many developing countries. Outside of Australasia, Europe and North America, Chile has enjoyed some of the greatest success in promoting infrastructure development through PPPs. Since 1991, Chile has completed more than 50 PPPs, totalling over US$12 billion in capital investment in its roads, hospitals, ports and electricity system, and has been held out as a model for other less developed nations to follow (Hill, 2011, p. 189). What institutional prerequisites do developing countries need before PPPs become a viable option for infrastructure procurement? What can developing countries learn from Chile’s experiences with PPPs? From a developmental perspective, what could Chile have improved in designing its PPP programme? Split into three parts, this article seeks to answer each of these questions. ‘PPP Overview’ outlines relevant definitions, the various PPP contractual structures, which prerequisites make PPPs most effective and how PPPs encourage competition. ‘The Chilean PPP Case Study’ explores in greater detail the history of PPPs in Chile, the country’s institutional framework and some of the key outcomes from its concessions programme. Finally, ‘The Case for Domestic Involvement’ focuses on a noteworthy omission from the Chilean PPP model, requirements for local involvement. It is the author’s view that other developing countries will enjoy longer term benefits from PPPs by establishing a stance supporting the meaningful involvement of domestic companies and should, therefore, encourage PPPs not only for the public–private collaboration but also for the domestic–foreign cooperation they can foster.
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Lobanova, Anastasia E. "PUBLIC-PRIVATE PARTNERSHIP: WORLD EXPERIENCE AND PROSPECTS OF DEVELOPMENT IN RUSSIA." Today and Tomorrow of Russian Economy, no. 98 (2019): 59–72. http://dx.doi.org/10.26653/1993-4947-2019-98-06.
Повний текст джерелаАнотація:
The article examines the nature and world experience of public-private partnership (PPP). The advantages of PPP for the state and for private business, types of contacts and the most popular spheres of application of public-private partnership are considered. The essence of concession is considered as one of the most widespread types of public-private partnership, as well as features of concession contracts. Prospects of application of concession relations in Russia are analyzed. The article analyzes the conditions of occurrence and the main stages of development of partnerships between the state and the private sector. The features of functioning of public-private partnership (PPP) in developed and developing countries are investigated. The world experience of PPP projects implementation is summarized and practical recommendations on the establishment and development of the public-private partnership institute in Russia are presented.
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Hossain, Mohammad, Ross Guest, and Christine Smith. "Performance indicators of public private partnership in Bangladesh." International Journal of Productivity and Performance Management 68, no. 1 (January 14, 2019): 46–68. http://dx.doi.org/10.1108/ijppm-04-2018-0137.
Повний текст джерелаАнотація:
Purpose The purpose of this paper is to develop weights of key performance areas (KPAs) and performance indicators for public private partnerships (PPPs) in Bangladesh. Since a variety of PPP arrangements is observable, different performance measurement approaches exist in the literature. However, analysing the relative importance of indicators influencing the performance score of particular projects using the perspective of developing countries remains unexplored. Design/methodology/approach The authors’ method involves application of the analytical hierarchy process (AHP) to develop weights for eight KPAs for which 41 contributing performance indicators have been developed. In total, 68 respondents (62 per cent of the PPP practitioners in Bangladesh) participated in a structured questionnaire survey and their judgements have been found to be consistent, using consistency ratios, a geometric consistency index and one-way ANOVA test. Findings “Feasibility analysis”, “life cycle evaluation and monitoring” and “optimal risk allocation” are the most significant performance indicators in Bangladesh. “Financing” is the most important KPA, followed by “planning and initiation” and “transparency and accountability”. Interestingly, unlike the cost, time and quality measures of the public sector comparator analysis used in most developed countries, a different set of indicators and KPAs are found dominant. Research limitations/implications This suggests that performance indicators and their weights may differ for developing countries. Future research could usefully focus on testing this model in different countries and applying it to derive performance scores for individual PPPs. Originality/value An application of AHP in determining weights of the performance indicators represents a major contribution to the literature on PPP performance measurement in the developing countries including Bangladesh.
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Ivarsson, Sven, and Malmberg Christina Calvo. "Private–Public Partnership for Low-Volume Roads: Swedish Private Road Associations." Transportation Research Record: Journal of the Transportation Research Board 1819, no. 1 (January 2003): 39–45. http://dx.doi.org/10.3141/1819a-07.
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Unit costs for low-volume road construction and maintenance are low compared with those for higher-level roads. The problem is that in many countries this network is vast, and the total cost requirements to ensure minimum access are enormous. This problem is a particular challenge in developing countries where more than two-thirds of the poor reside in rural areas. The option of private ownership and financing of low-volume roads is proposed. It is argued that the Swedish model for low-volume road management and financing is simple and efficient and can easily be adapted to a variety of circumstances in both rich and poor countries. In Sweden, private road associations manage two-thirds of the road network at less than half the cost and with better results than do the government road agencies. This model is based on a well-structured institutional framework for private ownership of low-volume roads that includes a law on private roads and financial and technical incentives. The government provides legal and financial incentives for local property owners to associate and assume responsibility for their roads. The result is a private–public partnership in which government subsidizes road costs with grants from the budget. Increasing efficiency and effectiveness of public expenditures and working in partnership with the private sector are highly relevant goals in both developed and developing countries.
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Osei-Kyei, Robert, and Albert P. C. Chan. "Developing a Project Success Index for Public–Private Partnership Projects in Developing Countries." Journal of Infrastructure Systems 23, no. 4 (December 2017): 04017028. http://dx.doi.org/10.1061/(asce)is.1943-555x.0000388.
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Mwakapala, Lusekelo, and Baiqing Sun. "Public–Private Partnership in Developing Countries: Seeking Available Domestic Financing Options." Journal of Economics, Business and Management 7, no. 2 (2019): 77–82. http://dx.doi.org/10.18178/joebm.2019.7.2.585.
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Jindal, Rahul M., Thakor G. Patel, and Stephen G. Waller. "Public-Private Partnership Model to Provide Humanitarian Services in Developing Countries." Journal of the American College of Surgeons 224, no. 5 (May 2017): 988–93. http://dx.doi.org/10.1016/j.jamcollsurg.2016.12.056.
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Lisitsa, Valeriy, and Svetlana Moroz. "Legal Regulation of Public-Private Partnership in Russia and Other Countries of the Eurasian Economic Union." Russian Law Journal 7, no. 3 (August 17, 2019): 53–81. http://dx.doi.org/10.17589/2309-8678-2019-7-3-53-81.
Повний текст джерелаАнотація:
This article examines comparatively legislation on the public-private partnership in the countries of Eurasian Economic Union and the relationship with Model Law “On Public-Private Partnership” adopted within the framework of the Commonwealth of Independent States. It is argued that the national acts of such countries could be improved and harmonized by developing their categorial apparatus and the extension of permissive regulation of public-private partnership. The legal qualification of an agreement on public-private partnership and other investment contracts with the participation of the State stipulated in other laws is also examined. It is concluded that such agreements comprise not only private, but also public law elements and might be regulated in special legislation containing rules of civil and public law on the basis of balancing private and public interests in public-private partnership.
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Khudko, E. V., and A. O. Shcherbak. "Public-private partnership in in the information and telecommunication technologies sector: relationship with macro- and meso- indicators." Vestnik Universiteta, no. 2 (April 2, 2022): 91–99. http://dx.doi.org/10.26425/1816-4277-2022-2-91-99.
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The article substantiates the importance of stimulating the information and telecommunication technologies development for the economy and considers the experience of using public-private partnership tool for investment in the IT technologies field in Russia and abroad. Conclusions about the specifics and dynamics of implementation of these projects in developing countries of the world have been made. Using regression analysis, the macroeconomic factors influencing the investments volume in the information and telecommunication technologies sector through public-private partnership tool have been identified and, based on a sample of developing countries, the specific sectoral determinants influence on public-private partnership activity has been studied. The conclusions formulated in the article can serve as a practical guide for private investors and government authorities when launching public-private partnership-projects in the information and telecommunication technologies sector.
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Osei-Kyei, Robert, and Albert P. C. Chan. "Risk assessment in public-private partnership infrastructure projects." Construction Innovation 17, no. 2 (April 3, 2017): 204–23. http://dx.doi.org/10.1108/ci-08-2016-0043.
Повний текст джерелаАнотація:
Purpose The purpose of this paper is to empirically compare the risk factors in public-private partnership (PPP) projects in developing and developed countries, represented by Ghana and Hong Kong, respectively. Design/methodology/approach A structured questionnaire survey was conducted with PPP practitioners in Ghana and Hong Kong. In total, 103 valid responses were received for analysis. Kendall’s coefficient of concordance and mean ranking were used for data analysis. Findings The results show that respondents from Ghana ranked country risk factors higher, whereas their Hong Kong counterparts ranked project-specific risks higher. The top five significant risks in Ghana are corruption, inflation rate fluctuation, exchange rate fluctuation, delay in project completion and interest rate fluctuation. In Hong Kong, the top five significant risk factors are delay in land acquisition, operational cost overruns, construction cost overruns, delay in project completion and political interference. Originality/value The results of the study inform international investors of the appropriate risk mitigation measures and preventive actions to use when engaging in PPP arrangements in any part of the world. Further, governments who are yet to use the PPP concept would be informed of the prevailing risk factors in other neighbouring countries (i.e. developing or developed countries).
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Osei-Kyei, Robert, and Albert P. C. Chan. "Implementation constraints in public-private partnership." Journal of Facilities Management 15, no. 1 (February 6, 2017): 90–106. http://dx.doi.org/10.1108/jfm-07-2016-0032.
Повний текст джерелаАнотація:
Purpose This paper aims to empirically investigate the differences and similarities on the implementation constraints in public–private partnership (PPP) in developing and developed economies/countries, represented by Ghana and Hong Kong, respectively. Design/methodology/approach A questionnaire survey was conducted with relevant experienced PPP practitioners in Ghana and Hong Kong. One hundred and three completed questionnaires were received for analysis. Kendall’s coefficient of concordance analysis, mean score ranking, Mann–Whitney U test and quartile grouping were used for data analysis. Findings The results show six implementation constraints with significant differences. Constraints related to the general investment climate of PPP projects (i.e. ecological conditions of PPP) are ranked higher in Ghana than in Hong Kong, whereas constraints related to the organisation and negotiations of PPP projects are higher in Hong Kong than in Ghana. Further, two constraints, lengthy delay in finalising negotiations and lengthy delay due to political debate, are very critical in both jurisdictions, whereas “negative public perceptions on PPP transactions” and “high use of unsolicited proposals” are of less challenge in the implementation of PPP in both jurisdictions. Originality/value The findings of this study contribute to knowledge on the international best practices of PPP. In addition, international private bidders would be informed of the mitigation measures to adopt when engaging in PPP arrangements in any part of the world, whether in a developing or developed economy country.
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Yeboah-Assiamah, Emmanuel, Kwame Asamoah, and Thomas Agyekum Kyeremeh. "Decades of public-private partnership in solid waste management." Management of Environmental Quality: An International Journal 28, no. 1 (January 9, 2017): 78–93. http://dx.doi.org/10.1108/meq-05-2015-0098.
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Purpose The purpose of this paper is to examine empirical studies on public-private partnerships (PPPs) and solid waste management (SWM) in Ghana and India to synthesize the “crucial lessons” for urban managers and policy makers in developing countries. Design/methodology/approach A systematic review of empirical studies was carried out, the search process comprised four categories of keywords combined differently across three main search engines in order to obtain a pool of more relevant literature on the study. Sorting for relevance was done at various levels; retrospective content analysis of relevant empirical studies on PPP and SWM in Ghana and India was subsequently carried out to draw lessons and policy suggestions. Findings PPPs have mainly been impressive in coverage of waste collection in the Ghanaian context, whilst in India, emphasis has been on injection of technology and effectiveness into SWM. It is also observed that in both cases the PPP processes have lacked adequate openness, transparency and sufficient stakeholder engagement. In the Ghana cases, mostly, urban authorities hardly pay attention to details in the partnership deed and also ignore monitoring of private partners. Poorly performed PPPs do occur when one of the partners relent on his role which could have a cascading effect on other actors. Practical implications Whilst PPP is a strong candidate to address the SWM challenges of urban centers in developing countries, this does not necessarily come about by joining the bandwagon. Merely entering into a partnership deed with private waste management companies without paying due attention to details of the contract will usher urban managers into a state of schizophrenia. The paper presents five key lessons to inform policy and practice. Originality/value The paper draws lessons from multiple cases of PPPs in Ghana and India by synchronizing lessons adaptable to city authorities and policy makers in developing countries.
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Odhiambo, Kenneth Otieno, Charles Rambo, and Stephen Lucas Okelo. "Market risk factors and performance of public private partnership renewable energy projects." International Journal of Research in Business and Social Science (2147- 4478) 9, no. 4 (July 11, 2020): 366–76. http://dx.doi.org/10.20525/ijrbs.v9i4.767.
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In spite of the rise in the global adoption of public private partnerships, developing countries have failed to attract private investments in equally measure as their developed partners. This has impacted on infrastructural financing in developing countries. The current study sought to establish how market risks influence the performance of public private partnership renewable energy projects. The study adopted a pragmatic paradigm and employed a mixed methods approach, correlational and descriptive survey design. Quantitative data was collected by use of a self-administered questionnaire and while an interview guide was used to collect qualitative data after piloting and reliability established. A sample size of 263 respondents was drawn from a target population of 769 using the Yamane formula. For descriptive statistics the study used the mean and standard deviation. For inferential statistics the study used Pearson’s Product Moment Correlation (r) and Multiple Regression while the F-tests were used in hypothesis testing. The study established a significant influence of market risks on the performance of public private partnerships renewable energy projects F (1,204) =104.689, P=0.000˂ 0.05. H0 was consequently rejected. Based on this finding the study recommends hedging measures to promote public private partnerships
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Schomaker, Rahel M. "Conceptualizing Corruption in Public Private Partnerships." Public Organization Review 20, no. 4 (March 5, 2020): 807–20. http://dx.doi.org/10.1007/s11115-020-00473-6.
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Abstract This article conceptualizes the vulnerability of the different stages of Public-Private Partnership (PPP) models for corruption against the backdrop of contract theory, principal-agent theory and transaction cost economics, and discusses potential control mechanisms. The article’s contribution to the debate on PPPs is twofold: first, an issue widely neglected by the pertinent literature is conceptualized. Second, as these PPPs are used not only in developed countries whose legal order may shield them sufficiently, but also in developing countries, carving out the vulnerable points in PPP arrangements may enable decision makers to install appropriate control mechanisms, if need be on project level.
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Osei-Kyei, Robert, and Albert P. C. Chan. "Factors attracting private sector investments in public–private partnerships in developing countries." Journal of Financial Management of Property and Construction 22, no. 1 (April 3, 2017): 92–111. http://dx.doi.org/10.1108/jfmpc-06-2016-0026.
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Purpose The increasing demand for public infrastructure has caused a rise in the global adoption of the public–private partnership (PPP) concept. However, over the past years, most of the developing countries have failed to attract more private investments as realised in the developed countries. This paper aims to investigate the critical factors that attract private investments in the PPP markets of developing countries. Design/methodology/approach An empirical questionnaire survey was conducted with targeted international PPP experts from the academic and industrial sectors. The inter-rater agreement analysis, mean score ranking and Mann–Whitney U test were used to analyse the survey responses. Findings Results indicate that the three most critical factors are political support and acceptability for PPPs, government positive attitude towards private sector investments and political stability. On the other hand, factors including government guarantees, competent PPP unit and tax rebate on imported equipment are of low importance. The Mann–Whitney U test reveals that experts from the academic and industrial sectors view the importance of three factors differently: adequate public sector experience in PPP, government providing guarantees and government providing tax rebate on imported equipment. Originality/value The research outputs contribute to the existing but limited knowledge on PPP practices in developing countries by providing empirical evidence and cross-cultural perceptions on the conditions that are critical to the expansion of PPP markets in developing countries. It is therefore expected that governments and policymakers seeking to adopt the PPP concept would take into consideration the results and implications to enhance PPP growth.
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Chisika, Sylvester Ngome, and Chunho Yeom. "Enhancing Sustainable Management of Public Natural Forests Through Public Private Partnerships in Kenya." SAGE Open 11, no. 4 (October 2021): 215824402110544. http://dx.doi.org/10.1177/21582440211054490.
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Many countries are fast implementing forest conservation Public Private Partnerships (PPPs) as an innovative conservation approach. However, with the growing human needs, forest management challenges, especially limited funding for forest conservation are increasing the need for lessons on Public Private Partnerships (PPPs) in many developing countries. This study addressed this challenge from the perspective of sustainable forest management using literature review and document content analysis. Results from Kenya substantiate that despite the complex development challenges, public natural forests provide many benefits that can be delivered to citizens through Public Private Partnerships (PPPs). Toward actualizing these partnership possibilities, the government has developed policies and established institutions to coordinate and enhance their implementation. These results imply the presence fairly stable conditions required for building trust and confidence amongst private partners involved in the governance of public natural forests. However, there are some significant challenges that should be addressed if PPPs are to be applied in forest management as truly a transformative conservation approach
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Osei-Kyei, Robert, Albert P. C. Chan, Yu Yao, and Khwaja Mateen Mazher. "Conflict prevention measures for public–private partnerships in developing countries." Journal of Financial Management of Property and Construction 24, no. 1 (April 1, 2019): 39–57. http://dx.doi.org/10.1108/jfmpc-06-2018-0032.
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Purpose Conflict between project parties is among the major risk factors in public–private partnership (PPP) in developing countries that has, in extreme cases, led to the failure or distress of many PPP projects. This paper aims to explore conflict prevention measures for PPPs in developing countries using Ghana as a case study. Design/methodology/approach From a comprehensive review of literature, a list of conflict prevention measures was derived; further, a questionnaire survey was conducted with PPP experts from Ghana. Kendall’s coefficient of concordance test, range normalization method and factor analysis were used for data analysis. Findings Results show four significant conflict prevention measures for PPPs in developing countries, they include extensive stakeholder consultation in decision makings, clear goals and mutual benefit objectives, clarity of roles and responsibilities of parties and transparent appeal procedures. Using the factor analysis technique, the prevention measures are grouped into three unrelated categories, they are efficient communication structure and risk assessments, transparency and openness and proficient service delivery. Originality/value The research findings inform policymakers and local practitioners of the strategic measures and procedures needed to minimize the occurrence of conflicts in PPPs in developing countries.
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Khahro, Shabir Hussain, Tauha Hussain Ali, Shafiqul Hassan, Noor Yasmin Zainun, Yasir Javed, and Shahbaz Aziz Memon. "Risk Severity Matrix for Sustainable Public-Private Partnership Projects in Developing Countries." Sustainability 13, no. 6 (March 17, 2021): 3292. http://dx.doi.org/10.3390/su13063292.
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The concept of a Public-Private Partnership (PPP) is not new for developing countries, although many initiatives are being contemplated for potential implementation. This paper evaluates the crucial success factor for the effective execution of PPP projects and it also investigates the appropriate distribution of the risks involved in PPP projects. Quartile analysis of features has been made after a detailed literature review for risk identification. The risk severity analysis is done using a quartile assessment. The data is collected from various contractors working on PPP projects in Pakistan. The comparative analysis has been conducted using available research work on PPP in developing countries. A risk severity rank model is created using 47 key risks in PPP projects for developing countries. Finally, the top risks identified by this research are compared with the previous studies conducted in China, India and Egypt. It is concluded that inflation, revenue risk from end-user, foreign exchange fluctuation, political situation, law and order, and corruption are the major risks in developing countries for better management of PPP projects. Most of the PPP projects are public-oriented. The society of any city is directly affected by most PPP projects. This paper presents the identified key risks of PPP projects in developing countries which are mostly financial and public-oriented. This work will support the PPP concept significance, meeting United Nations Sustainable Development Goal (SDG) 8 and 11. Recent countries’ political and economic circumstances and sustainability have transformed PPP ventures into a successful way to support the governments to develop roads, energy and facilities through private partners’ financial and technological capacities. Although PPP is used worldwide, its effective utilization in developing countries is still lacking. This paper is an enhancement to its successful use of the PPP domain for developing countries.
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Bilenko, D. V., and V. A. Kaliazina. "Sectoral Orientedness of Public-Private Partnership in Ukraine: The Problems and Prospects." Business Inform 12, no. 527 (2021): 61–65. http://dx.doi.org/10.32983/2222-4459-2021-12-61-65.
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The article is aimed at identifying the priority directions of public-private partnership in Ukraine on the basis of research of world experience and peculiarities of implementation of public-private partnership projects in Ukraine. The article provides statistics on the distribution of public-private partnership agreements by areas of implementation and volume of investment in both the developed European countries and the developing countries, as well as statistics on the distribution of investments under public-private partnership agreements by areas of implementation in Ukraine. It is concluded that it is characteristic of public-private partnership projects that the number of concluded agreements does not necessarily have to coincide with the amount of investment. The analysis of the world experience in the use of public-private partnership mechanisms in the countries that have reached the highest stage of development as to the considered matter (these include the UK, France, Spain, the USA and Canada), helped to identify the most successful directions of its implementation. Thus, one of the most important directions of public-private partnership, which is defined by the mentioned countries as priorities, are the construction of highways and social infrastructure objects. The analysis of the current legislation of Ukraine proved absence of a government administration of the sectoral orientedness of public-private partnership, which confirms the inability of the State to solve the problems of socioeconomic development with the use of this instrumentarium. The analysis of each of the priority directions of public-private partnership, the importance of which has already been proved on the example of developed countries of the world, demonstrates the presence of obstacles, primarily of a legislative nature, that entail other problems
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Canh, PhD. Prof., Nguyen Thi, and Nguyen Anh Phong, PhD. "The Linkage between Public, Private Investment and Economic Growth—Evidence for the Developing ASEAN and Asian Countries." Journal of Economics and Public Finance 3, no. 4 (November 29, 2017): 580. http://dx.doi.org/10.22158/jepf.v3n4p580.
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<p><em>This study used a quantitative method to assess the impact of public investment on private investment and economic growth based on data from 18 developing countries over a 21-year period (1995-2015) by applying PVAR model combined with GMM. The findings show that all public investment and public-private partnership investments affect private investment as well as affect economic growth but the effects vary cyclically, by time period, and by group of countries.</em></p><p><em>For the ASEAN developing countries, public investment crowds out private investment in short term and crowds in private investment in the medium and long term, but it crowds out public-private partnership investment. For the developing countries in Asia, public investment has a positive impact on economic growth with the inverted U-shaped pattern which stimulates growth in the short and medium term, but in the long-term effects of stimulation growth tend to decrease.</em></p>
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Demuijnck, Geert, and Hubert Ngnodjom. "Public-Private Partnerships and Corruption in Developing Countries." Business and Professional Ethics Journal 30, no. 3 (2011): 253–68. http://dx.doi.org/10.5840/bpej2011303/412.
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Oktavianus, Adrianto, Iris Mahani, and Meifrinaldi. "A Global Review of Public Private Partnerships Trends and Challenges for Social Infrastructure." MATEC Web of Conferences 147 (2018): 06001. http://dx.doi.org/10.1051/matecconf/201814706001.
Повний текст джерелаАнотація:
In developing countries, the government which has limited budget for public infrastructure development should choose which infrastructure should be developed. Most countries decided to build more economic infrastructure than social infrastructure because former have direct economic impact for society. The involvement of private sector in public infrastructure financing has been accomplished for decades in the form of Public Private Partnership (PPP). However, the implementation is also more often for economic infrastructure, but some countries have started to implement PPP for social infrastructure (education, healthcare, care of the elderly, etc.) when they think to add human capital and improve quality of life. This study attempts to review a set of public private partnership implementation models relevant for social infrastructure development in some countries. Moreover, this study also more explores to the challenges and issues in different areas of social infrastructure. The outcome is to show a trend public-private partnership for social infrastructure in some successful projects from different countries. The challenges and issues about implementation public-private partnership for social infrastructure also be a part of the results from this study. Finally, the study has a valuable input for implementation of PPP on social infrastructure in Indonesia.
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Samir, Heba, and Aya Maher. "Public Private Partnership: Insights from the Egyptian Experience." International Journal of Human Resource Studies 8, no. 3 (July 31, 2018): 241. http://dx.doi.org/10.5296/ijhrs.v8i3.13450.
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Partnership between private and public organizations has become very vital for policy implementation. PPP contracts have been successful for the recent years in many countries such as United Kingdom, Germany, Netherlands, South Africa, and The United States. Egypt is considered to be one of the MENA region leaders in the PPP field. PPPs are considered to be on the top of the Egyptian economic reform agenda so as to increase the private sector involvement in public services through leveraging private sector spending against public spending. The objective of this theoretical paper is to analyze the role of public private partnership in Egypt with regards to developing meaningful cooperation between the governments and businesses in a way that enables effective provision of cost efficient quality public goods, services and facilities. The significance of the study lies in the fact that PPP has become a crucial need for the government of Egypt for rendering an efficient public services and projects amidst all the challenges for developing the country after the 25th of January Revolution.
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Bednyakov, A. S. "Public-Private Partnership as a Model of Public Infrastructure Development." MGIMO Review of International Relations 15, no. 1 (March 3, 2022): 143–76. http://dx.doi.org/10.24833/2071-8160-2022-1-82-143-173.
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A public-private partnership (PPP), a long-term pooling of public and private partners’ resources, sharing risks, responsibilities, and results, is a successful tool employed in many countries to develop public infrastructure. The article argues that PPP is the optimal cooperation between the state and private sectors to solve social and economic problems. Even though PPP as the phenomenon of the modern economy appeared not too long ago, it had objective prerequisites, including the prior forms of cooperation between the state and individuals. The study of these prerequisites reveals the development patterns of PPP development, including its effectiveness, that allows politicians to harness them to develop an optimal state policy in the area. The article provides a comparative analysis of the PPP abroad to assess the intermediate results of the PPP development in Russia. In many countries (Canada, France, and Great Britain), a PPP as an economic model for developing the infrastructure complex has proved its viability and significantly contributes to social and economic development. It is essential that in addition to direct economic effects, a publicprivate partnership might result in indirect influence, including a positive impact on institutional development. Public-private partnership in Russia has not yet found wide application for improving the infrastructure complex. Therefore, it does not have enough impact on economic development. Despite the large volume of research on PPP, there are few comparative studies of PPP development in countries at different levels of socio-economic development. Relying on the conducted study of PPP in Russia and the leading foreign countries, the strategic model of PPP proposed by the author as well as broader foreign experience in PPP, the article provides recommendations aimed at better utilization of the opportunities provided by fostering of this form of cooperation between the state and individuals and increasing its role in the economic development of Russia.
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Uzakova, Sh, and A. Nurlanov. "Public-private partnership in gaining sustainable development goals in Kazakhstan." Central Asian Economic Review, no. 2 (June 25, 2021): 131–40. http://dx.doi.org/10.52821/2224-5561-2021-2-131-140.
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Purpose of research. In recent years, the mechanism of public-private-partnership (PPP) has advanced as an effective approach in developing social and infrastructural projects. Improving sustainability performance in PPP projects is an important strategy for pursuing not only the mission of sustainable development but also economic goals of developing countries. This paper aims to review and combine what we know about PPP projects in Kazakhstan and to present future directions for research and practice.Methodology. This article has been composed using descriptive methodology. An explorative and unstructured literature review was performed, later was subsequently paired with a structured literature review. This article joins several research areas on literature relating to problems, perspectives of PPP projects and their role in gaining SDG.Originality / value of the research. The research focus was concentrated on the study and analysis of publicprivate partnership projects in Kazakhstan and their role in achieving sustainable development goals.Findings. PPPs in Kazakhstan require comprehensive consideration to improve the legislative aspects and approach the forms of PPPs common in Western countries, improve conditions for the private sector and public involvement.
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Ganguly, Sanjeev, and Satyasiba Das. "GVK–MIAL: Partner Selection for Public-Private Partnership." Asian Case Research Journal 23, no. 02 (December 2019): 427–56. http://dx.doi.org/10.1142/s0218927519500184.
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The unprecedented growth of air traffic during the early years of industrial and economic reform in India led to the government’s decision to open Indian airspace to private and international operators. During this period, inadequate infrastructure and management’s inability to expand had created congestion in most of the airports. The urgent requirements for modernization and expansion with limited funds left the government in the dilemma of selecting the right kind of inter-organizational collaboration. After much deliberation and consideration, the government considered adopting the public-private partnership model. Without any prior experience and executional history, selection of partners was the key challenge before the government. The case summarizes one of the most significant public-private partnership projects in India and provides managerial insights into partner selection and execution challenges of large infrastructural projects typical to many developing countries.
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Nuwagaba, Innocent, Lukamba Muhiya Tshombe, Thekiso Molokwane, and Alex Nduhura. "Accountability Paradox for the Success of Public Private Partnership (PPP) Projects in developing Countries." African Journal of Development Studies (formerly AFFRIKA Journal of Politics, Economics and Society) 12, no. 1 (March 1, 2022): 249–66. http://dx.doi.org/10.31920/2634-3649/2022/v12n1a13.
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PPP projects are now being considered as a financing option for infrastructural development across the globe. The study was guided by accountability theory. The successful adoption of PPP projects in developing countries has been hindered by different poor accountability mechanisms. The main objectives of the study are to examine the relevance of accountability theory in adoption of PPPs and to analyse the issues of accountability for PPP projects in developing countries. Data collected through review of scholarly literature and documents review was analysed using narratives. The Study findings revealed that accountability theory is highly relevant to the adoption of PPP projects and that accountability is very fundamental for effective adoption of PPPs in developing countries. It was concluded that accountability theory should always be put into consideration if PPPs are to succeed. It was recommended that developing countries need to ensure a conducive accountability mechanism for successful adoption of PPPs.
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Olukanni and Nwafor. "Public-Private Sector Involvement in Providing Efficient Solid Waste Management Services in Nigeria." Recycling 4, no. 2 (April 27, 2019): 19. http://dx.doi.org/10.3390/recycling4020019.
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This paper reviews the partnership between the public and the private sectors in providing efficient solid waste management (SWM) services. While the responsibility of providing SWM services lies with the public sector, the sector has not been able to meet the demand for efficient service delivery, especially in developing countries. In a bid to increase efficiency and lower costs incurred in rendering these services, the involvement of the private sector has been sought. With a focus on major Nigerian cities, partnerships between the local government and private operators in SWM have been analysed based on the level to which the partnership has improved the SWM services. This paper provides an understanding that the success of any public-private partnership relies on the extent to which all stakeholders perform their duties. If the public sector is slack in monitoring and supervising the activities of the private operators, the latter may focus on profit generation while neglecting efficient service delivery. Also, legislation is an important part of SWM. Without the right legislation and enforcement, waste generators will not be mandated to dispose their waste properly. The public sector as a facilitator is responsible for creating an environment for private operators to function, particularly through legislation, enforcement and public sensitization.
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Dawra, Aarti. "A Comparative Analysis on Public Private Partnership Investment in BRICS Nations." Journal of Global Economy 14, no. 4 (January 2, 2019): 279–86. http://dx.doi.org/10.1956/jge.v14i4.518.
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Public Private Partnerships (PPP) have emerged as one of the major approaches for delivering infrastructure projects effectively and efficiently. In recent years it has created various success stories whether it is infrastructure sector, agriculture, education or health care sector in various countries. Various developed countries have implemented numerous projects via PPP in the development of infrastructure. Investors are now keen in investing in the developing nations like India, Brazil, Russia, China and South Africa, which is showing good track record in the last few years with respect to the trade and GDP. This paper has shown how investment and PPP projects are affecting the GDP of BRICS countries and the paper has also shown various infrastructure indicators of these five countries as well. A panel data has been taken for the analysis for last 22 years for BRICS countries and with the help of panel regression models the significant results are shown with the help of Eviews.
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Tleuberdinova, А. Т., А. Т. Aldabergenova, D. М. Salauatova, and S. Pratt. "Foreign experience in tourism development management based on the public-private partnership mechanism." Bulletin of "Turan" University, no. 2 (June 28, 2022): 193–201. http://dx.doi.org/10.46914/1562-2959-2022-1-2-193-201.
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The tourism industry makes a significant contribution to the socio-economic development of many countries of the world, due to its role in expanding the economic base, increasing foreign exchange earnings, developing small and medium-sized businesses, providing employment opportunities and improving the living standards of the population. The development of the tourism industry can be facilitated by its management on the basis of public-private partnerships. This form of cooperation helps to accelerate the solution of the country's strategic tasks, bringing significant social benefits to local communities. The purpose of the research was to study various forms of interaction between the state and business to solve the problems of developing the tourism industry in order to identify the optimal mechanism for public-private partnership for the development of the tourism industry in Kazakhstan. The paper studied the theoretical and methodological aspects and foreign experience in the formation and implementation of the mechanism of public-private partnership in the field of tourism. The article provides a comprehensive analysis of foreign experience in the creation, promotion and management of projects in the tourism industry on the principles of public-private partnership. The practical value is that the results of the study can be used in the development of state and regional programs for the development of the tourism industry in Kazakhstan.
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Mabuza, Patrick. "Is the Public Private Partnership Model the Right Vehicle for Public Infrastructure Delivery in Developing Countries?" Journal of Economics and Behavioral Studies 11, no. 1(J) (March 10, 2019): 211–22. http://dx.doi.org/10.22610/jebs.v11i1(j).2761.
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There has been an increase in the number of governments that adopted public-private partnership (PPP) as an infrastructure delivery model. However, there are still misgivings about the role PPPs play in developing countries’ economies. The objective of this study is to address the question of whether the PPP model really benefits the public. This study follows a qualitative approach based on international review of literature on PPP experiences around the world. The results of the study indicate that, the PPP model can be a good vehicle for delivering public infrastructure projects in developing countries. However, for PPPs to meet the expectations of the public sector and the citizens there are certain aspects that need to be in place i.e. transparency, accountability, optimum risk allocation/sharing, and increased competition to name just a few. If a country implements its PPP programme properly, there are massive benefits compared to the public procurement approach that may accrue to consumers and the economy as a whole. Such benefits include reduced prices, which may also increase access to services. The study has elucidated valid from invalid arguments about PPPs and has established whether the PPP model is indeed the right vehicle for delivering infrastructure projects.
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Fleta‐Asín, Jorge, and Fernando Muñoz. "Renewable energy public–private partnerships in developing countries: Determinants of private investment." Sustainable Development 29, no. 4 (January 17, 2021): 653–70. http://dx.doi.org/10.1002/sd.2165.
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BUCKUP, SEBASTIAN. "Global public–private partnerships against neglected diseases: building governance structures for effective outcomes." Health Economics, Policy and Law 3, no. 1 (January 2008): 31–50. http://dx.doi.org/10.1017/s1744133107004392.
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AbstractFocusing on the problem of pharmaceutical R&D for drugs and vaccines against neglected diseases in developing countries, this article argues that the effectiveness of global health partnerships potentially lies in their capacity to address the problem of dual market failures: on a first level they may tackle the poverty induced lack of effective demand for health products which impedes the creation of market-financed innovative products. On a second level, they may help overcoming hold-up problems and underinvestment induced by the complexity of neglected diseases R&D. Yet, organizing transactions within a partnership is not a panacea against these problems: a crucial determinant of success is properownership structures. They need to respond to (i) the degree to which the respective parties value the partnership outcome, (ii) the relative importance of the investment of the parties, and (iii) the nature of the partnership outcome. The argument developed in the analysis is built on an integrated framework combining insights from incomplete contracting theory and public goods economics. It is supported by a preliminary statistical analysis of 17 GHPs.
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Kociemska, Hanna. "Islamic finance merging public finance within public–private partnership." International Journal of Islamic and Middle Eastern Finance and Management 13, no. 4 (August 10, 2020): 579–92. http://dx.doi.org/10.1108/imefm-01-2018-0022.
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Purpose This paper aims to describe cooperation between public and private market players from different legal and religious orders. The author argues that such public–private partnerships (PPPs) enable the development of a possible convergence between selected areas of mainstream public finance and the Islamic moral economy (IME). Design/methodology/approach This paper explores the theory of both mainstream finance and the IME, and using deductive reasoning from axioms, develops the assumptions of a theoretical approach to heterodox PPP. The proposed method affects the ability to find common platforms between mainstream public finance and the IME, through the example of public–private investment projects. Findings This endeavour is subject to trade-offs between profit maximisation and social justice values on the basis of long-term PPP contracts. The author shows the assumptions under which this compromise would be beneficial to public entities, multicultural societies and conventional and Islamic investors. It is proposed to distribute profit to the owners up to a predetermined value, above which the PPPs would finance public services for persons otherwise excluded from them. Originality/value The success of this approach must depend on a compromise between profit maximisation as the sole investment objective and investment guided by social justice values. Private investors can achieve a capped level of profit on a long-term contract basis, and public partners can obtain long-term contracts for providing public goods. Both would undertake a project with a strong emphasis on corporate social responsibility, with particularly large opportunities in developing Islamic countries.
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Yermenchuk, Oleksandr, and Maksym Palchyk. "Problem Aspects of Legal Regulation of Public-Private Partnership in the Field of Critical Infrastructure Protection." Information Security of the Person, Society and State, no. 26 (2019): 40–50. http://dx.doi.org/10.51369/2707-7276-2019-2-5.
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This article provides systematic international experience of legal regulation of critical infrastructure protection in foreign jurisdictions. Some aspects of national critical infrastructure security systems of such as countries Germany, Spain, USA, and Denmark are described. The article determines that at national levels in different countries critical infrastructure protection is mainly regulated by national security strategies, defense strategies and other basic regulatory acts related to the functioning of critical infrastructure and its protection. The article considers aspects of legal regulation of relations in the sphere of public-private partnership and critical infrastructure protection in modern Ukraine. According to the results of the research, it has been established that in Ukraine there are documents of strategic character that regulate the implementation of public-private partnership, which should become a mutually beneficial factor that will facilitate mutual integration processes. Main directions for developing public-private partnership in the field of critical infrastructure protection in Ukraine have been suggested. Key words: public-private partnership, legal regulation, critical infrastructure, critical infrastructure protection, international experience.
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Muhammad, Zayyanu, Foziah Johar, and . "Coping with Challenges of Public-Private Partnership (PPP) for Housing Delivery in Nigeria." International Journal of Engineering & Technology 7, no. 2.29 (May 22, 2018): 1097. http://dx.doi.org/10.14419/ijet.v7i2.29.14320.
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Although public-private partnerships continue to gain popularity in infrastructure provision, the application of the strategy in housing delivery is bedevilled with many challenges particularly in the context of developing countries like Nigeria. This article aims to offer solutions to the challenges of PPP for housing delivery in Nigeria. Using a case study approach, the article investigated the challenges of PPP housing project in the federal capital territory [FCT] Abuja, Nigeria. The study found that “lack of transparency in the procurement process”, “inappropriate risk allocation”, “poor administrative machinery”, “corruption”, and incompetent private sector” are the major challenges that militate against successful housing delivery through public-private partnership in Nigeria. In conclusion, the paper outlined solutions for coping with the challenges of PPP for housing delivery in Nigeria.
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Willoughby, Christopher. "How much can public private partnership really do for urban transport in developing countries?" Research in Transportation Economics 40, no. 1 (April 2013): 34–55. http://dx.doi.org/10.1016/j.retrec.2012.06.038.
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Babatunde, Solomon Olusola, Srinath Perera, and Onaopepo Adeniyi. "Identification of critical risk factors in public-private partnership project phases in developing countries." Benchmarking: An International Journal 26, no. 2 (March 4, 2019): 334–55. http://dx.doi.org/10.1108/bij-01-2017-0008.
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Purpose Public‐private partnerships (PPPs) are being faced by risk threats, notwithstanding the fact that the PPP model has been structured in a way that the associated risks are shared by both the public and private sectors. Consequently, the sources of risk change over the PPP project phases. Thus, the purpose of this paper is to identify and assess the risk factors in PPP infrastructure project phases comprising development phase, construction phase, operation phase and project life cycle through an empirical approach. Design/methodology/approach The study adopted four different data-gathering approaches including literature review, desk review, brainstorming session and questionnaire survey. In order to capture a broad perception of stakeholders, the questionnaires were administered to three different stakeholder organizations to include public sector authorities (i.e. ministries, department and agencies), concessionaires and lenders/banks involved in different PPP infrastructure projects implementation in Nigeria. A total of 81 questionnaires were administered, out of which 63 were retrieved but after checking through the completed questionnaires, 60 questionnaires were found suitable for the analysis. Data collected were analyzed using descriptive statistics, mean score, Kruskal–Wallis test and the risk significance index in terms of severity and likelihood of occurrence conducted. Findings In total, 70 risk factors were identified with respect to PPP project phases and their relative importance was gauged. In addition, the analysis of total 70 risk factors in the development phase, construction phase, operation phase and project life cycle phase indicated that 51 risk factors are located in the yellow zone, which is considered as moderate and 19 risk factors are located in the red zone that are regarded as critical. Practical implications The identification of specific critical risk factors in each PPP project phase will provide a benchmark in developing risk management programs in developing countries. Originality/value These study findings would be useful for PPP stakeholders to focus their attention, priorities and leadership in managing these critical risk factors. Furthermore, the findings of this study are significant in providing an in-depth understanding of the current Nigeria’s PPP market environment, which is a true reflection of developing countries as a whole.
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Tshombe, Lukamba Muhiya, Thekiso Molokwane, Alex Nduhura, and Innocent Nuwagaba. "An Analysis of Public-Private Partnerships in East Africa." Research in World Economy 11, no. 5 (September 3, 2020): 152. http://dx.doi.org/10.5430/rwe.v11n5p152.
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The impact of the implementation of public-private partnerships (PPPs) in the Sub-Saharan African region on infrastructure and services is becoming increasingly perceptible. A considerable number of African countries have embraced PPPs as a mechanism to finance large projects due to a constrained fiscus. At present, many financial institutions, such as the World Bank, the International Monetary Fund and the African Development Bank, which finance some of the projects, have established a department or unit that mainly focuses on infrastructure development in developing countries. The private sector in Africa is equally seen as a significant partner in the development of infrastructure. African governments need to tap into private capital to invest in infrastructure projects. This scientific discussion provides an analysis of PPPs in the East African region. This article selected a number of countries to illustrate PPP projects in the sub-region. The analysis of this study illustrates that the East African region represents unique and valuable public-private partnership lessons in different countries. This study also traces the origins of PPPs to more than a century ago where developed countries completed some of their projects using the same arrangement. This paper further demonstrates that the application of PPPs is always characterised by three factors, namely a country, a sector and a project. Experts in the field often refer to these elements as layers, which usually precede any successful PPP.
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Almarri, Khalid, and Bassam Abuhijleh. "A qualitative study for developing a framework for implementing public–private partnerships in developing countries." Journal of Facilities Management 15, no. 2 (May 15, 2017): 170–89. http://dx.doi.org/10.1108/jfm-07-2016-0031.
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Purpose The purpose of this paper is to develop a public–private partnership (PPP) framework for newcomers from developing countries with the United Arab Emirates (UAE). Design/methodology/approach For this purpose, through the meta-analysis review of literature and applied qualitative content analysis to the international PPP best practices, the authors identified key relevant PPP processes, terminologies and vocabulary that can assist new entrants in establishing their PPP infrastructure. Findings The outcome was a generic best practice framework for PPP implementation that consisted of five phases which further consisted of groups of functions and sub-groups of functions. These phases are establish the PPP framework, PPP implementation, contract design, bid management and PPP contract management. Practical implications This framework is expected to benefit the upper management of local government departments and the federal ministries to understand the full process for local PPPs and to help them make informed decision for what to develop as PPPs and how to develop them. Social implications This systematic approach to the development of PPPs in the UAE is expected to increase the number of PPP tenders, as there will be more awareness on what PPPs stand for, how they balance risks, improve efficiency and effectiveness of projects, improve facilities and services, etc. Originality/value This framework is the first to lay the foundations for a standardised PPP practice in the UAE for practitioners.
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Saeed, Aamir, and Saima Zubair. "Making Sense of Public-Private Partnership: A Case of Punjab Education Foundation." Journal of Public Value and Administration Insights 2, no. 4 (December 29, 2019): 6–13. http://dx.doi.org/10.31580/jpvai.v2i4.1150.
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The difference between policy rhetoric of Public Private Partnership PPPs and likely outcomes of these reforms call forth a dialectic investigation of the reform-agenda processes and the actors involved in it. This paper is based on a case analysis of PPP Model of Punjab Education foundation (PEF), which was established in the wake of neo-liberalism. The Model of PPP is considered to be responsible for a mushroom growth of Private entrepreneurs for the provision of public education. The private provision of education is legitimized in the garb of efficiency, quality and access. These public private partnership reforms are dictated by the donor agencies and IFIs as the hegemonic power to remotely control the policies ultimately resulting into ideological shifts in developing countries like Pakistan. Using the sense making technique the contents of the PPP model and the underlying rationale for the inception of Punjab Education Foundation are explained in the light of the governance context of Pakistan; hence the nature of this paper is more predictive than descriptive to explain the likely and apparent repercussions of Public-Private Partnerships as a reform agenda in the education sector of Pakistan.
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LINNEROOTHBAYER, J., and R. MECHLER. "Disaster safety nets for developing countries: Extending public–private partnerships." Environmental Hazards 7, no. 1 (2007): 54–61. http://dx.doi.org/10.1016/j.envhaz.2007.04.004.
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Solana, Erick F. Oechler. "Public Private Not-for-profit Partnerships: Delivering Public Services to Developing Countries." Procedia Engineering 78 (2014): 259–64. http://dx.doi.org/10.1016/j.proeng.2014.07.065.
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Belev, S. G., K. V. Vekerle, and I. A. Sokolov. "Determinants of the public-private partnership’ use: An empirical analysis." Voprosy Ekonomiki, no. 7 (July 12, 2021): 107–22. http://dx.doi.org/10.32609/0042-8736-2021-7-107-122.
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Using the Heckman procedure with the data of the European Investment Bank on investment projects implemented on the principles of PPP, the paper identifies factors that are significant for the development of PPP. In particular, the use of PPP turned out to be most sensitive to the maturity of economic development, as well as to the state’s budgetary constraints, which do not allow building all the necessary infrastructure for providing public goods at the expense of the budget. At the same time, there has been found no statistically stable relationship between the institutional environment and the implementation of PPP projects, which may be so due to the quality of the sample — for developing countries, the importance of institutional environment factors, as well as macroeconomic stability, would most likely be more obvious.
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Bogovac, Jasna, Domagoj Dodig, and Tereza Rogić Lugarić. "Public-Private Partnership and Circular Economy—What Croatian Students Learn at University." Energies 14, no. 11 (June 2, 2021): 3261. http://dx.doi.org/10.3390/en14113261.
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The global economy has been hit by crises in recent decades and the COVID-19 pandemic has contributed to great uncertainty in the possibility of a lasting recovery and an energy transition that will enable sustainable green growth. Budgetary constraints impede the regular delivery of public services, especially in developing countries. Energy efficiency and sustainable economic growth in Croatia can be improved with public-partnership models providing public services. However, this concept is often considered as not appropriate due to many misconceptions in public opinion. We analysed a survey of almost 1500 Croatian students with the aim of verifying the importance of formal education in the recognition of realistic aspects of PPP among the population, which represents important social capital. In comparison to other students, students who have been taught about public-private partnership models at university are more likely to recognise certain misconceptions about public-private partnerships and are more likely to think that it is possible to successfully implement such projects in Croatia. Compared with others, students in the field of energy have shown a greater tendency to apply models of public-private partnership in the energy sector, even though these concern the exploitation of natural resources where there is a traditional tendency to protect the autonomy of public governance. Compared to their male colleagues, female students are more prone to misconceptions about PPPs and are less supportive of private management of public infrastructure.
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Osei-Kyei, Robert, and Albert P. C. Chan. "A best practice framework for public-private partnership implementation for construction projects in developing countries." Benchmarking: An International Journal 25, no. 8 (November 29, 2018): 2806–27. http://dx.doi.org/10.1108/bij-05-2017-0105.
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Purpose The purpose of this paper is to develop a best practice framework for PPP implementation for construction projects in Ghana. Design/methodology/approach This study adopted a multi-stage critical review and analysis of past studies on the attributes of PPP implementation (i.e. critical success factors/success criteria for PPP, reasons/drivers for adopting PPP, obstacles/implementation constraints in PPP and risks in PPP) with much focus in Ghana. Furthermore, other governments’ and international PPP guidelines were reviewed for cross validation purposes. In addition, questionnaire survey with PPP experts in Ghana was conducted to validate the proposed best practice framework. Findings From the search, 16 publications in leading construction management journals were identified. A thorough content analysis of the identified papers produced 151 best practices for construction PPPs in Ghana. The best practices were then incorporated into the PPP process in Ghana to develop the best practice framework. Research limitations/implications The major limitation lies in the fact that few publications were targeted for analysis; however, the findings are still useful for future reference because the PPP concept is still developing in Ghana, therefore few publications are found in leading construction management journals. Another limitation is that the best practice framework was not validated using real-life cases, thus it is suggested that future research will adopt the framework and test it on real projects to measure its effectiveness. Originality/value The outputs of this study considerably inform local practitioners in developing countries particularly Ghana and other African countries of the strategic measures that need to be carefully considered within the PPP process so as to implement successful construction PPP projects. The best practice framework also helps to standardize the practice of PPP in Ghana.
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YAO, Xijun, Hsi-Hsien WEI, Igal M. SHOHET, and Mirosław J. SKIBNIEWSKI. "PUBLIC-PRIVATE PARTNERSHIP FOR EARTHQUAKE MITIGATION INVOLVING RETROFIT AND INSURANCE." Technological and Economic Development of Economy 23, no. 6 (November 3, 2015): 810–26. http://dx.doi.org/10.3846/20294913.2015.1075443.
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Public-Private Partnerships involving governments and insurers have been used worldwide for mitigation of natural-hazards. However, the implementation of such systems in developing countries presents problems for their key stakeholders. On the one hand, property owners are hesitant to purchase insurance or invest in retrofit projects due to cost considerations. On the other hand, insurers are reluctant to cover potential seismic losses, because of uncertainties about the risk. This study introduces an innovative Public-Private Partnership framework for property owners, insurers and governments to facilitate decisions related to hazard insurance and structural retrofit of vulnerable buildings. This framework can also help insurance firms reduce the level of corporate financial assets available for payment of compensation to their clients, as required by regulations aimed at reducing the risk of insurer insolvencies. Property owners are motivated to participate in the framework by extra mitigation subsidies from the government. While the government will be reimbursed for part of the cost of these retrofit projects by insurance firms, whose own savings will be achieved through reductions to legally mandated corporate capital. A case study is presented to demonstrate the feasibility of this approach for mitigating seismic risk to residential buildings in a rural area.