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The Impact Of Public-Private Partnership In The Energy Field On Economic Growth

Author

Listed:
  • Monica-Lavinia DAN

    (PhD student,School of Advanced Studies of the Romanian Academy(SCOSAAR))

Abstract

Under pressure to solve a multitude of problems, the public authority is looking for new and additional sources of funding capable of participating in meeting social needs, involving different private sectors by participating in the provision of public services that best meet the needs of the community. Public-private partnership (PPP) expresses a way of cooperation between the public authority and the private sector, in order to provide public services with high quality. Fundamentally, the public-private partnership provides the public service entirely or in part, depending on the private funds attracted and draws on the know how of the private sector. The main goal of this study is to analyze the short-run impact of increasing the value of public-private partnership in energy on economic growth, based on a panel of emerging economies. The outcomes suggest that an increase in the value of public private partnership leads to an increase in GDP growth but only across extreme quantiles. This suggests that public-private partnership in energy is beneficial to economic development, but only during periods of economic booms.

Suggested Citation

  • Monica-Lavinia DAN, 2022. "The Impact Of Public-Private Partnership In The Energy Field On Economic Growth," Romanian Journal of Economics, Institute of National Economy, vol. 54(1(63)), pages 24-33, June.
    • Handle: RePEc:ine:journl:v:54:y:2022:i:63:p:24-33
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    References listed on IDEAS

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    More about this item

    Keywords

    public-private partnership; economic growth; energy;
    All these keywords.

    JEL classification:

    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment

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