2009
DOI: 10.1111/j.1468-0270.2009.01864.x
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PPPs: THE PASSAGE OF TIME PERMITS A SOBER REFLECTION

Abstract: This paper argues that evaluations of public-private partnerships thus far point to contradictory results regarding their effectiveness and value-for-money. Despite continuing political popularity, greater care is needed to strengthen future evaluations and conduct such assessments away from the policy cheerleaders.

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Cited by 119 publications
(73 citation statements)
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“…Despite decades of research, no one seems to know for sure what PPPs are, owing to the fact that they are best described as a 'phenomenon' as opposed to one technique (Hodge and Greve 2009). One characterization often cited in the literature is that by van Ham and Koppenjan (2001, 598), who define PPPs as 'cooperation of some sort of durability between public and private actors in which they jointly develop products and services and share risks, costs and resources which are connected with these products'.…”
Section: Joint Venture Public-private Partnershipsmentioning
confidence: 97%
“…Despite decades of research, no one seems to know for sure what PPPs are, owing to the fact that they are best described as a 'phenomenon' as opposed to one technique (Hodge and Greve 2009). One characterization often cited in the literature is that by van Ham and Koppenjan (2001, 598), who define PPPs as 'cooperation of some sort of durability between public and private actors in which they jointly develop products and services and share risks, costs and resources which are connected with these products'.…”
Section: Joint Venture Public-private Partnershipsmentioning
confidence: 97%
“…A 2009 review of VfM studies conducted to date concluded that sometimes transportation financing P3s do constitute value for money, other times not so much (Hodge & Greve, 2009). …”
Section: Value For (Vfm) Money Analysismentioning
confidence: 99%
“…Evaluations of actual PPP experience can illuminate the mechanisms by which a PPP may contribute to these goals. 10 From the private sector perspective, the PPP provides an opportunity to gain profit, stimulate market growth, and be seen as a solution provider, 2 and the public sector partner gains access to private financing and innovative management. Where goals align, companies may be seen as helping to meet public needs and save lives.…”
mentioning
confidence: 99%