An Economic Analysis and Assessment of Public ‐ Private Partnerships (PPPs)

Fourie, F. C. v. N.; Burger, Philippe

doi:10.1111/j.1813-6982.2000.tb01274.x

Cited by 28 publications

(13 citation statements)

References 4 publications

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“…For example, based on a critical analysis of the economic rationale for PPPs, Fourie and Burger (2000) concluded that PPPs do have the potential to improve the efficiency and effectiveness of delivery of certain government services. At the same time, a number of critical conditions, like the requirement of sufficient risk transfer and the presence of sufficient performance incentives and discipline, etc.…”

Section: The Rationale and Evidence Of Ppp Benefitmentioning

confidence: 99%

Achieving Value for Money: An Analytic Review of Studies on Public-Private Partnerships

Peng¹,

Cui²,

Lu³

et al. 2014

Construction Research Congress 2014

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Over the past two decades, governments around the world have been embracing Public Private Partnerships (PPPs) as an alternative approach in the provision of infrastructure. PPPs have their merits in remedying financial shortages in public sectors and improving infrastructure performance, but they must be carefully selected on the basis of value for money when compared to conventional procurement. While Value for Money analysis as an evaluation method has been widely used to ensure feasibility, accountability, and transparency in PPPs, little is known with respect to its effectiveness and appropriate theoretical foundations. By mapping theoretical foundations and practical analysis methods, this paper reports the weakness and inadequacy of current value for money analysis. The study especially explores existing theoretical foundations and empirical evidence for PPP value for money and highlights paths for future research.

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Section: The Rationale and Evidence Of Ppp Benefitmentioning

confidence: 99%

Achieving Value for Money: An Analytic Review of Studies on Public-Private Partnerships

Peng¹,

Cui²,

Lu³

et al. 2014

Construction Research Congress 2014

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show abstract

“…To enhance technical efficiency, the government may provide the inputs at a cheaper price or produce more outputs. However, allocative efficiency is about achieving more desired outcomes by taking the right way of doing things and improving the policies (Fourie and Burger, 2000). Governments are better in terms of technical efficiency than allocative efficiency.…”

Section: Background Of Public Efficiencymentioning

confidence: 99%

Enhancing the efficiency of infrastructure projects to improve access to finance

Bisbey

Nourzad

Chu

et al. 2020

J Infrastruct Policy Dev

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While there has been much discussion about the large infrastructure needs in Asia and the Pacific, less attention has been paid to public expenditure efficiency in infrastructure services delivery. New constructions are not the only solution, especially when governments have limited capital to invest. Globally, new infrastructure projects face delays and cost overruns, leading to an inefficient use of public resources. The root causes include the lack of transparency in project selection, the lack of project preparation, the silo approach by public entities in assessing feasibility studies, and the lack of public sector capacity to fully develop a bankable pipeline of projects. To tackle these issues, governments need a smarter investment approach and to do so, enhancing public service efficiency is very crucial. The paper suggests a “whole life cycle” (WLC) approach as the main strategic solution for the discussed issues and challenges. We expand the definition of WLC to include the entire life cycle of the infrastructure asset from need identification to its disposal. The stages comprise planning, preparation, procurement, design, construction, operation and maintenance, and disposal. This is because we believe any efficient or inefficient decision throughout such a wide life cycle influences the quality of public services. Hence, in this holistic approach, infrastructure life cycle consists of four phases: planning, preparation, procurement, and implementation. Governments could enhance public efficiency and thus improve access to finance throughout the WLC by several solutions. These are (i) preparing infrastructure master plan and pipelines and long-term budgeting during the planning phase; (ii) establishing framework and guidelines and improving governance during preparation phase; (iii) promoting standardization, transparency, open government, and contractual consistency during the procurement phase; and finally (iv) continued role of government and total asset management during the implementation phase. In addition to these phase-specific means, key WLC solutions include proper use of technology, capacity building, and private participation in general and public-private partnership (PPP) in particular.

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“…While they are politically attractive solutions in the short term, their complexity and long tenure make it difficult to ensure their designs are effective (Vining and Weimer, 2016). A piecemeal approach would yield no or minimal efficiency gains and produce undesirable outcomes (e.g., reduced government control and discriminatory access) (Crowe, 1998;Fourie and Burger, 2000). Figure 5.2 presents a simplified causal model to help identify various elements in the PPP cycle that affect outcomes.…”

Section: A Mechanistic Approach To Partnership Designmentioning

confidence: 99%

How neglecting policy mechanisms can lead to policy failure: insights from public–private partnerships in Indias health sector

Virani¹,

Ramesh²

2019

Making Policies Work

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An Economic Analysis and Assessment of Public ‐ Private Partnerships (PPPs)

Cited by 28 publications

References 4 publications

Achieving Value for Money: An Analytic Review of Studies on Public-Private Partnerships

Achieving Value for Money: An Analytic Review of Studies on Public-Private Partnerships

Enhancing the efficiency of infrastructure projects to improve access to finance

How neglecting policy mechanisms can lead to policy failure: insights from public–private partnerships in Indias health sector

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