Determinantes das Parcerias Público-Privadas na América Latina e no Caribe

Abstract

Este é um artigo de acesso aberto, licenciado por Creative Commons Atribuição 4.0 International (CC-BY 4.0), sendo permitida reprodução, adaptação e distribuição desde que o autor e a fonte originais sejam creditados. Determinantes das Parcerias Público-Privadas na AméricaLatina e no Caribe Palavras-chave:Parcerias Público-Privadas, Infraestrutura, Contas governamentais.Abstract. Public-Private Partnerships (PPPs) are a new form of contractual model that allows public sector use the private sector as a partner to provide infrastructure services. Based on Hammami et al. (2006), Sharma (2012 and Fernandez et al. (2015) this work aimed to investigate the possible determinants of PPPs for Latin American and Caribbean countries. In addition, were done the specific analysis for sale and Greenfield contracts and the number of projects of this contractual arrangement. To achieve this purpose, it evaluated a panel of data from this group of nations covering the period from 2004 to 2014. The econometric analyses consist in using panel data estimators. In addition, to overcome problems related on counting data and to verify the robustness, it used the regression techniques with the Negative Binomial, Poisson and Poisson Inflated Zeros. The main results reinforce that government budget constraints, the legal system and the business environment are preponderant channels for investment in PPPs.