IDEAS home Printed from https://ideas.repec.org/a/eee/juipol/v48y2017icp157-165.html
   My bibliography  Save this article

The favourability of U.S. PPP enabling legislation and private investment in transportation infrastructure

Author

Listed:
  • Geddes, R. Richard
  • Reeves, Eoin

Abstract

The capacity of individual U.S. states to utilize public-private partnerships (PPPs) is influenced by the existence and nature of PPP enabling laws. We examine the nature of PPP enabling legislation and how it varies across states. Although commentators stress the importance of enabling laws, the relationship between the favourability of legislation and the transportation PPPs completed in each state remains unclear. We study three states where substantial PPP investment has occurred. That experience sheds light on the type of legislation required to remove obstacles to PPP investment but also the constraints remaining in each state. We uncover a relatively weak connection between enabling laws and PPP investment activity. We conclude that the existence of enabling legislation is a helpful but not necessarily sufficient condition for PPP investment.

Suggested Citation

  • Geddes, R. Richard & Reeves, Eoin, 2017. "The favourability of U.S. PPP enabling legislation and private investment in transportation infrastructure," Utilities Policy, Elsevier, vol. 48(C), pages 157-165.
    • Handle: RePEc:eee:juipol:v:48:y:2017:i:c:p:157-165
    DOI: 10.1016/j.jup.2017.07.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0957178716303605
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jup.2017.07.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Anthony E. Boardman & Erica Susan Hewitt, 2004. "Problems with contracting out government services: lessons from orderly services at SCGH," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 13(6), pages 917-929, December.
    2. Claude Ménard, 2013. "Is Public-Private Partnership Obsolete? Assessing the Obstacles and Shortcomings of PPP," Post-Print halshs-00653090, HAL.
    3. Chris Skelcher, 2010. "Governing Partnerships," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 13, Edward Elgar Publishing.
    4. Geddes, R. Richard & Wagner, Benjamin L., 2013. "Why do U.S. states adopt public–private partnership enabling legislation?," Journal of Urban Economics, Elsevier, vol. 78(C), pages 30-41.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Han, Qingye & Zhu, Yuming & Ke, Ginger Y. & Hipel, Keith W., 2019. "Public private partnership in brownfield remediation projects in China: Identification and structure analysis of risks," Land Use Policy, Elsevier, vol. 84(C), pages 87-104.
    2. Jiang, Ke & Zhang, Jiaming & Zhang, Leilei & Wang, Die & Wang, Yusheng, 2023. "Sustainable cooperation in the watershed ecological compensation public-private partnership project: Lessons from China's Chishui river basin," Socio-Economic Planning Sciences, Elsevier, vol. 90(C).
    3. Teti, Emanuele & Tului, Stefano, 2020. "Do mergers and acquisitions create shareholder value in the infrastructure and utility sectors? Analysis of market perceptions," Utilities Policy, Elsevier, vol. 64(C).
    4. Yanchun Zhang & Jianglin Gu & Ming Shan & Yazhi Xiao & Amos Darko, 2018. "Investigating Private Sectors’ Behavioral Intention to Participate in PPP Projects: An Empirical Examination Based on the Theory of Planned Behavior," Sustainability, MDPI, vol. 10(8), pages 1-25, August.
    5. Zhen Chen & Yaqi Zhao & Xia Zhou & Lin Zhang, 2020. "Investigating Critical Factors That Encourage Private Partners to Participate in Sports and Leisure Characteristic Town Public-Private Partnerships: Evidence from China," Sustainability, MDPI, vol. 12(8), pages 1-23, April.
    6. Yubo Guo & Igor Martek & Chuan Chen, 2019. "Policy Evolution in the Chinese PPP Market: The Shifting Strategies of Governmental Support Measures," Sustainability, MDPI, vol. 11(18), pages 1-24, September.
    7. Huige Xing & Yuelin Li & Hongyang Li, 2020. "Renegotiation Strategy of Public-Private Partnership Projects with Asymmetric Information—An Evolutionary Game Approach," Sustainability, MDPI, vol. 12(7), pages 1-23, March.
    8. Hu, Wanjie & Dong, Jianjun & Hwang, Bon-Gang & Ren, Rui & Chen, Zhilong, 2022. "Is mass rapid transit applicable for deep integration of freight-passenger transport? A multi-perspective analysis from urban China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 165(C), pages 490-510.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jean-Etienne de Bettignies & Thomas W. Ross, 2010. "The Economics of Public–Private Partnerships: Some Theoretical Contributions," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 7, Edward Elgar Publishing.
    2. Daniel Albalate & Germà Bel & Richard R. Geddes, 2015. "“Strong versus Weak Vertical Integration: Contractual Choice and PPPs in the United States”," IREA Working Papers 201518, University of Barcelona, Research Institute of Applied Economics, revised Sep 2015.
    3. Ronit Mukherji, 2023. "Risk Sharing in Public-Private Partnerships," SN Operations Research Forum, Springer, vol. 4(4), pages 1-17, December.
    4. Alberto Amore & C Michael Hall & John Jenkins, 2017. "They never said ‘Come here and let's talk about it’: Exclusion and non-decision-making in the rebuild of Christchurch, New Zealand," Local Economy, London South Bank University, vol. 32(7), pages 617-639, November.
    5. Anthony E. Boardman & Matti Siemiatycki & Aidan R. Vining, 2016. "The Theory and Evidence Concerning Public-Private Partnerships in Canada and Elsewhere," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 9(12), March.
    6. Achard, Paola Olimpia & Di Berardino, Antonina, 2018. "Public Private Partnerships: Strategic Assets and Managerial Models," 29th European Regional ITS Conference, Trento 2018 184925, International Telecommunications Society (ITS).
    7. Shu, Hang & Durango-Cohen, Pablo L., 2021. "On the design of optimal auctions for road concessions: Firm selection, government payments, toll and capacity schedules with imperfect information," Transportation Research Part B: Methodological, Elsevier, vol. 146(C), pages 210-236.
    8. Yubo Guo & Igor Martek & Chuan Chen, 2019. "Policy Evolution in the Chinese PPP Market: The Shifting Strategies of Governmental Support Measures," Sustainability, MDPI, vol. 11(18), pages 1-24, September.
    9. Krug, Gerhard & Stephan, Gesine, 2013. "Is the Contracting-Out of Intensive Placement Services More Effective than Provision by the PES? Evidence from a Randomized Field Experiment," IZA Discussion Papers 7403, Institute of Labor Economics (IZA).
    10. Anderson, John E. & Giertz, Seth H. & Shimul, Shafiun N., 2022. "Reducing property taxes for agriculture: Diffusion of use-value assessment policy across the United States," Land Use Policy, Elsevier, vol. 120(C).
    11. Graeme Hodge & Carsten Greve, 2013. "Public–private partnership in developing and governing mega-projects," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 9, pages 182-208, Edward Elgar Publishing.
    12. Wei Li & Jie Li & Siwei Sun, 2023. "Influence of public credit risk on private capital in public–private partnership models," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1330-1343, March.
    13. Daniel Albalate & Germà Bel & R. Richard Geddes, 2018. "“Do public-private partnership enabling laws increase private investment in infrastructure?”," IREA Working Papers 201815, University of Barcelona, Research Institute of Applied Economics, revised Jul 2018.
    14. Daniel Albalate & Germà Bel & R. Richard Geddes, 2017. "How Much Vertical Integration? Contractual Choice and Public–Private Partnerships in the United States," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 51(1), pages 25-42, August.
    15. Anthony E. Boardman & Aidan R. Vining, 2010. "Assessing the Economic Worth of Public–Private Partnerships," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 8, Edward Elgar Publishing.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:juipol:v:48:y:2017:i:c:p:157-165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.sciencedirect.com/journal/utilities-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.