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Public Private Partnerships In Infrastructure Projects

Author

Listed:
  • Mihnea CRACIUN

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

Public Private Partnerships (PPPs) are new, innovative ways in which the public and the private sector can cooperate to efficiently build infrastructure assets by sharing risks and rewards and focusing on elements that each of them excel in. Over the course of the last half of century, several countries in the world such as the UK, Australia or the Unites States have embraced the concept and have sets new challenges in applying its principles to evermore activities and economic sectors. The PPPs represent a hybrid way of supplying good and providing services in which the private and public sectors work together to achieve results which could not have been obtained by one party’s efforts only.

Suggested Citation

  • Mihnea CRACIUN, 2011. "Public Private Partnerships In Infrastructure Projects," Journal of Doctoral Research in Economics, The Bucharest University of Economic Studies, vol. 3(3), pages 13-22, September.
    • Handle: RePEc:aes:jdreco:v:3:y:2011:i:3:p:13-22
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    File URL: http://www.jdre.ase.ro/RePEc/aes/jdreco/20113002.pdf
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    More about this item

    Keywords

    public sector; private sector; public-private partnership; project finance;
    All these keywords.

    JEL classification:

    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • F30 - International Economics - - International Finance - - - General

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