Does countries’ governance quality affect the type of governance of Public-private partnerships?...

IAS Visiting Fellow Professor Alessandro Rubino delivers a seminar on their research, fully titled "Does countries’ governance quality affect the type of governance of Public-private partnerships? Empirical evidence using World Bank data on developing countries" - 

Public-private partnerships (PPPs) have become an increasingly popular way to get major infrastructure projects built. These arrangements show a varying degree in the level of private-sector participation, as a function of the uncertainty embedded in each investment project. In this work we aim to reduce the gaps in the literature and the limited empirical studies that explain PPP governance adoption with an emphasis on the impact of the institutional sources of uncertainty and characteristics of the transaction influence the type of PPP adopted in developing countries. We propose empirical model specifications that capture the increasing role that private parties might play in PPP projects in managing projects (depending on the governance types and sub-types), in the presence of public partners (local and central governments) characterized by different quality of public governance (institutional quality) and controlling for other economic determinants. Our results suggest that the governance is always significant in determining the private presence in the PPP, the higher the institutional quality, the greater the private involvement. We also find that real GDP and population of the target countries play an important role in the management of PPP projects, due to the higher market size that characterizes their economies with relatively richer countries requiring more limited role played by private partners.

Arrivals from 11:45 am for a 12:00 noon start. For those joining in-person, lunch will be served from 1:00pm.

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