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PUBLIC PRIVATE PARTNERSHIPS IN EUROPE FOR BUILDING AND MANAGING PUBLIC INFRASTRUCTURES: AN ECONOMIC PERSPECTIVE
Author(s) -
IOSSA Elisabetta,
SAUSSIER Stéphane
Publication year - 2018
Publication title -
annals of public and cooperative economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.526
H-Index - 37
eISSN - 1467-8292
pISSN - 1370-4788
DOI - 10.1111/apce.12192
Subject(s) - perspective (graphical) , business , private sector , public sector , public–private partnership , public economics , finance , economics , general partnership , economic growth , economy , artificial intelligence , computer science
Public–private partnerships (PPPs) are long‐term contractual agreements between the public and private sector for the provision of public infrastructures and services. Due to tighter budget constraints and to a renewed interest in greater involvement of the private sector in the provision of public services, PPPs are likely to grow in the near future. In this paper, we review the theory and practice of PPPs, highlighting their potential role as well as discussing the main factors influencing the likelihood of performance failure.