TY - JOUR
T1 - Ex-ante evaluation of public-private partnerships
T2 - Macroeconomic analysis
AU - Liu, Junxiao
AU - Love, Peter E D
AU - Carey, Brad
AU - Smith, Jim
AU - Regan, Michael
PY - 2015/6/1
Y1 - 2015/6/1
N2 - Public-private partnerships (PPPs) are currently a popular approach for governments to procure social and economic infrastructure. The macroeconomic environment plays a critical role and influences the factors that can lead to the successful delivery of a PPP project. Despite the importance of the macroeconomic environment, limited attention has been paid to ex-ante (that is, before the event, or forecast) evaluation. A review of the normative literature was undertaken, aiming to derive key performance indicators (KPIs) of PPP success. The KPIs were validated by using a vector error correction model. It is suggested that the developed KPIs can be used to evaluate the suitability of the macroeconomic conditions in which a PPP project will be implemented. These KPIs can provide governments and stakeholders with a platform to conduct an effective ex-ante evaluation of PPP projects that will be significant in policy and decision making.
AB - Public-private partnerships (PPPs) are currently a popular approach for governments to procure social and economic infrastructure. The macroeconomic environment plays a critical role and influences the factors that can lead to the successful delivery of a PPP project. Despite the importance of the macroeconomic environment, limited attention has been paid to ex-ante (that is, before the event, or forecast) evaluation. A review of the normative literature was undertaken, aiming to derive key performance indicators (KPIs) of PPP success. The KPIs were validated by using a vector error correction model. It is suggested that the developed KPIs can be used to evaluate the suitability of the macroeconomic conditions in which a PPP project will be implemented. These KPIs can provide governments and stakeholders with a platform to conduct an effective ex-ante evaluation of PPP projects that will be significant in policy and decision making.
UR - http://www.scopus.com/inward/record.url?scp=84924997013&partnerID=8YFLogxK
U2 - 10.1061/(ASCE)IS.1943-555X.0000228
DO - 10.1061/(ASCE)IS.1943-555X.0000228
M3 - Article
AN - SCOPUS:84924997013
SN - 1076-0342
VL - 21
JO - Journal of Infrastructure Systems
JF - Journal of Infrastructure Systems
IS - 2
M1 - 04014038
ER -