Relationship between state institutions and private participation in infrastructure in developing economies: A case study approach

Michael Regan, Jim Smith, Peter Love

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

Abstract

Private participation in infrastructure programs is a favoured policy approach to accelerating infrastructure provision in developing economies. Recent transactional evidence points to the benefits of privately financed and managed infrastructure and particularly public private partnerships (PPPs) through improved procurement outcomes at lower cost than conventional procurement methods. The literature also points to the importance of public and social institutions in providing a framework that permits the market sector to operate efficiently, to competitively bid for projects, and raise the capital required to successfully bid for long-term investments with certainty. This paper examines the relationship between institutional development and the delivery of Public-Private Infrastructure projects using case studies in three developing and transition economies in Africa: Kenya, Nigeria and Algeria. The case studies were selected from a wider study of developing nations using development classifications and data prepared by the World Economic Forum for the 5 years to 2010, and Private Participation in Infrastructure (PPI) transactional data provided by Public-Private Infrastructure Advisory Facility (PPIAF) and the World Bank for the same period. Specifically,the study attempts to identify the connection between basic and efficiency-enhancing state institutions and private investment in infrastructure services for the three countries given their present stage of development.
Original languageEnglish
Title of host publicationProceedings of the RICS COBRA 2013
EditorsC Eriksson
PublisherRoyal Institute of Chartered Surveyors (RICS)
Pages1-8
Number of pages8
Publication statusPublished - 2013
EventRoyal Institution of Chartered Surveyors, COBRA 2013 - New Delhi, New Delhi, India
Duration: 10 Sep 201312 Sep 2013

Conference

ConferenceRoyal Institution of Chartered Surveyors, COBRA 2013
Abbreviated titleRICS COBRA 2013
CountryIndia
CityNew Delhi
Period10/09/1312/09/13

Fingerprint

Developing economies
Participation
Public-private
Procurement
Bid
Social institutions
Algeria
Costs
Stages of development
Kenya
Nigeria
Infrastructure projects
Public-private partnerships
Private investment
Transition economies
Institutional development
Developing nations
Public institutions
World Bank
Africa

Cite this

Regan, M., Smith, J., & Love, P. (2013). Relationship between state institutions and private participation in infrastructure in developing economies: A case study approach. In C. Eriksson (Ed.), Proceedings of the RICS COBRA 2013 (pp. 1-8). Royal Institute of Chartered Surveyors (RICS).
Regan, Michael ; Smith, Jim ; Love, Peter. / Relationship between state institutions and private participation in infrastructure in developing economies: A case study approach. Proceedings of the RICS COBRA 2013. editor / C Eriksson. Royal Institute of Chartered Surveyors (RICS), 2013. pp. 1-8
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Regan, M, Smith, J & Love, P 2013, Relationship between state institutions and private participation in infrastructure in developing economies: A case study approach. in C Eriksson (ed.), Proceedings of the RICS COBRA 2013. Royal Institute of Chartered Surveyors (RICS), pp. 1-8, Royal Institution of Chartered Surveyors, COBRA 2013, New Delhi, India, 10/09/13.

Relationship between state institutions and private participation in infrastructure in developing economies: A case study approach. / Regan, Michael; Smith, Jim; Love, Peter.

Proceedings of the RICS COBRA 2013. ed. / C Eriksson. Royal Institute of Chartered Surveyors (RICS), 2013. p. 1-8.

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

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Regan M, Smith J, Love P. Relationship between state institutions and private participation in infrastructure in developing economies: A case study approach. In Eriksson C, editor, Proceedings of the RICS COBRA 2013. Royal Institute of Chartered Surveyors (RICS). 2013. p. 1-8