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Contracting arrangements and public private partnerships for sustainable development

Author

Listed:
  • Ehtisham Ahmad

    (London School of Economics and Political Science, London, UK; Zhejiang University, Hangzhou, Zhejiang Province, China)

  • Annalisa Vinella

    (University of Bari "Aldo Moro", Bari, Italy)

  • Kezhou Xiao

    (London School of Economics and Political Science, London, UK)

Abstract

This paper extends the discussion of the investment cycle in Ahmad (2017) (G24 paper), in which the questions concerning „what“ to invest in and „where“ are addressed. This paper examines the „how“ of investment for sustainable development, focusing on options for contracting arrangements, such as PPPs, that would help to involve the private sector, manage risks in the presence of asymmetric information, as well as uncertainty about climate change. It also addresses the strengthening of national and local institutions and the possible role of international financial institutions. In discussing the investment options, the paper also updates a G24 review of the empirical and theoretical literature on involving the private sector involvement in public investments (Ahmad et al., 2018).

Suggested Citation

  • Ehtisham Ahmad & Annalisa Vinella & Kezhou Xiao, 2018. "Contracting arrangements and public private partnerships for sustainable development," Public Sector Economics, Institute of Public Finance, vol. 42(2), pages 145-169.
    • Handle: RePEc:ipf:psejou:v:42:y:2018:i:2:p:145-169
    DOI: 10.3326/pse.42.2.8
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    References listed on IDEAS

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    Cited by:

    1. Eva I. Hoppe & Patrick W. Schmitz, 2021. "How (Not) to Foster Innovations in Public Infrastructure Projects," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(1), pages 238-266, January.

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    More about this item

    Keywords

    financing infrastructure investments; contracts; sustainable development;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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