COMPARATIVE ANALYSIS OF PPP PROJECTS SECTORAL STRUCTURE IN DEVELOPED AND DEVELOPING COUNTRIES

Aleksandar Đorđević, Biljana Rakić

DOI Number
https://doi.org/10.22190/FUEO200304014D
First page
187
Last page
202

Abstract


This paper aims to compare the type of public-private partnership (PPP) projects and their sectoral structure in developed and developing countries. This will be done through a comparative analysis of eight countries that belong to the categories of developed and developing countries and besides that implement numerous PPP projects. The results of the analysis indicate that developed countries chosen for this analysis implement more projects and record a higher total value of projects. Their projects are more diversified and apart from economic infrastructure encompass social infrastructure, which does have a higher number of projects, and in some developed countries higher value than economic infrastructure sectors. There is some overlapping between the groups and the sectors as this is not a strict rule that could be applied to all the countries, as each economy is an individual and specific case. As adequate PPP structure leads to economic growth and prosperity of the national economy, it is recommended to adjust the institutional framework, laws and regulations for PPP, attract more private capital, develop basic economic infrastructure and with its help attempt to converge the PPP project structure of developing countries to that of developed countries. The final goal is to have well developed economic infrastructure and then invest more in social infrastructure projects that can affect the wellbeing of all residents in an economy

Keywords

public-private partnership, sectoral structure, developed countries, developing countries

Full Text:

PDF

References


Busler, M. (2014). The role of properly structured public-private partnerships in promoting economic development. World Journal of Entrepreneurship, Management and Sustainable Development, 10(2), 90-97. https://doi.org/10.1108/WJEMSD-07-2013-0039

Chou, J.-S., & Pramudawardhani, D. (2015). Cross-country comparisons of key drivers, critical success factors and risk allocation for public-private partnership projects. International Journal of Project Management, 33(5), 1136-1150. https://doi.org/10.1016/j.ijproman.2014.12.003

European PPP Expertise Centre - EPEC. (2020). France PPP value of the project and sectoral structure. Retrieved from: https://data.eib.org/epec Accessed on: 20.02.2020.

Grimsey, D., & Lewis, M. K. (2004). Public-Private Partnerships – the worldwide revolution in Infrastructure Provision and Project Finance. UK: Edward Elgar Publishing Limited.

HM Treasury. (2019). Private Finance Initiative and Private Finance 2 projects: 2018 summary data. Retrieved from: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/805117/PFI_and_PF2_FINAL_PDF1.pdf Accessed on: 20.02.2020.

IMF. (2020). GDP per capita, current prices. Retrieved from: https://www.imf.org/external/datamapper/NGDPDPC@WEO/ADVEC/GBR/USA/AUS/FRA/OEMDC/BRA/RUS/IND/CHN?year=2020 Accessed on: 20.02.2020.

infraPPP Reports. (2020a). Australia PPP market. Retrieved from: https://www.infrapppworld.com/country-reports/australia-ppp-market-2020 Accessed on: 20.02.2020.

infraPPP Reports. (2020b). USA PPP market. Retrieved from: https://www.infrapppworld.com/country-reports/usa-ppp-market-2020 Accessed on: 20.02.2020.

Kahyaoğullari, B. (2013). Public-Private Partnerships in Developing and Developed Countries: The UK And Turkish Cases. Retrieved from: https://www.semanticscholar.org/paper/Public-Private-Partnerships-In-Developing-And-The-Kahyao%C4%9Fullar%C4%B1/e4add75e29f69c27d739498d1129b1d3c36d58c9#citing-papers

Ke, Y., Jefferies, M. Shrestha, A., & Jin, X.-H. (2014). Public-Private Partnership in China: Where to From Here. Organization, technology & management in construction, 6(3), 1156-1162. https://doi.org/10.5592/otmcj.2014.3.10

KPMG. (2015). Public-Private Partnership: Emerging global trends and the implications for future infrastructure development in Australia. Retrieved from: https://assets.kpmg/content/dam/kpmg/pdf/2015/06/public-private-partnerships-june-2015.pdf

Kutumbale, V., & Telang, V. P. (2014). PUBLIC-PRIVATE PARTNERSHIPS IN INDIA (An Overview of Current Scenario). Retrieved from: https://www.researchgate.net/publication/281024752_PUBLIC_PRIVATE_PARTNERSHIPS_IN_INDIA_An_Overview_of_Current_Scenario/citations

Maslova, S., & Yushkov, A. (2017). PPP Development in Russia: Overview of Current Trends and Transport Case Studies. Retrieved from: https://www.researchgate.net/publication/320592263_PPP_Development_in_Russia_Overview_of_Current_Trends_and_Transport_Case_Studies

Mitchell-Weaver, C., & Manning, B. (1991). Public-Private Partnerships in Third World Development: A Conceptual Review. Studies in Comparative International Development, 26(4), 45-67.

Osei-Kyei, R., & Chan, A. (2017). Implementation constraints in Public-Private Partnership: Empirical comparison between developing and developed countries. Journal of Facilities Management, 15(1), 90-106. https://doi.org/10.1108/JFM-07-2016-0032

Prats, J., Demaestri, E., & Chiara, J. (2018). Analytical Description and Comparative Analysis of National and International Databases. Institutions for Development Sector. Discussion paper nº IDB-DP-585. Inter-American Development Bank.

Rakić, B., & Rađenović, T. (2011). Public-private partnerships as an instrument of new public management. Facta Universitatis, Series: Economics and Organization, 8(2), 207 – 220.

Rakić, B. (2011). Javno privatno partnerstvo: mogućnosti i ograničenja [Public-Private Partnership: Possibilities and Limitations]. Niš: Ekonomski fakultet.

Sredojević, S. (2010). Javno privatno partnerstvo. [Public-private partnership]. Beograd: Arhipelag, Institut Ekonomskih nauka.

World Bank Group. (2020a). Brazil PPP market in 2018. Retrieved from: https://ppi.worldbank.org/en/snapshots/country/brazil Accessed on: 25.02.2020.

World Bank Group. (2020b). China PPP market in 2018. Retrieved from: https://ppi.worldbank.org/en/snapshots/country/china Accessed on: 25.02.2020.

World Bank Group. (2020c). H1 2019 Private Participation in Infrastructure. Retrieved from: https://ppi.worldbank.org/content/dam/PPI/documents/H12019_PPI-report_small.pdf Accessed on: 25.02.2020.

World Bank Group. (2020d). India PPP market 2018. Retrieved from: https://ppi.worldbank.org/en/snapshots/country/india Accessed on: 25.02.2020.

World Bank Group. (2020e). Russia PPP market in 2018. Retrieved from: https://ppi.worldbank.org/en/snapshots/country/russian-federation Accessed on: 25.02.2020.




DOI: https://doi.org/10.22190/FUEO200304014D

Refbacks



ISSN 0354-4699 (Print)

ISSN 2406-050X (Online)