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Public–Private Partnerships: Left or Right Government Economic Policy?

Author

Listed:
  • Vicente Alcaraz Carrillo de Albornoz

    (Universidad Politécnica de Madrid
    UD Economía)

  • Antonio Lara Galera

    (Universidad Politécnica de Madrid)

  • Juan Molina Millán

    (Universidad Politécnica de Madrid)

  • Belén Muñoz Medina

    (Universidad Politécnica de Madrid)

Abstract

Public–Private Partnerships (PPPs) are long-term arrangements in which the private sector usually finances a substantial portion of the project’s capital expenditure. In this sense, many consider PPPs as a market-oriented (and thus a conservative or right government) policy. Nevertheless, a review of what has been happening over the past four decades around the world suggests that PPPs are not an ideological policy, since governments of all political orientations (centre, left and right) have adopted them, existing an important relationship between the number of projects they have implemented and the time they have stayed in office. PPPs have reached financial close under governments of all ideologies, and with a similar annual average in number. The average size of PPP projects that reached financial close under left governments is however smaller.

Suggested Citation

  • Vicente Alcaraz Carrillo de Albornoz & Antonio Lara Galera & Juan Molina Millán & Belén Muñoz Medina, 2023. "Public–Private Partnerships: Left or Right Government Economic Policy?," Public Organization Review, Springer, vol. 23(4), pages 1523-1544, December.
    • Handle: RePEc:kap:porgrv:v:23:y:2023:i:4:d:10.1007_s11115-022-00689-8
    DOI: 10.1007/s11115-022-00689-8
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    References listed on IDEAS

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