Public Sector Economics, Vol. 42 No. 2, 2018.
Izvorni znanstveni članak
https://doi.org/10.3326.pse.42.2.8
Contracting arrangements and public private partnerships for sustainable development
Ehtisham Ahmad
; London School of Economics and Political Science, London, UK; Zhejiang University, Hangzhou, Zhejiang Province, China
Annalisa Vinella
orcid.org/0000-0002-2602-3089
; University of Bari “Aldo Moro”, Bari, Italy
Kezhou Xiao
orcid.org/0000-0002-1687-9043
; London School of Economics and Political Science, London, UK
Sažetak
This paper extends the discussion of the investment cycle in Ahmad (2017) (G24 paper), in which the questions concerning “what” to invest in and “where” are addressed. This paper examines the “how” of investment for sustainable development, focusing on options for contracting arrangements, such as PPPs, that would help to involve the private sector, manage risks in the presence of asymmetric information, as well as uncertainty about climate change. It also addresses the strengthening of national and local institutions and the possible role of international financial institutions. In discussing the investment options, the paper also updates a G24 review of the empirical and theoretical literature on involving the private sector involvement in public investments (Ahmad et al., 2018).
Ključne riječi
financing infrastructure investments; contracts; sustainable development
Hrčak ID:
200989
URI
Datum izdavanja:
5.6.2018.
Posjeta: 1.229 *