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Public-Private Partnership'S Ascent And Fall In Europe

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  • Cristina - Iuliana PETROVAN (MARANDA)

    (PhD Student, Economics, Faculty of Economics, Administration and Business, „Ștefan cel Mare†University of Suceava, Suceava, Romania)

Abstract

Collaborations between public and private have appeared in Europe since ancient times, presenting in different ways from one nation to another, and being the source of the current "public-private partnership" arrangement. This study aims to emphasize the significance of "public-private partnership" for a certain area. In this research, I used the qualitative technique to examine and understand the global experience in developing public-private partnerships. The method was effective in showing how "public-private partnerships" have changed throughout Europe. There is no standard definition of "public-private partnership" that can be found in all studies because there isn't one that everybody in Europe acknowledges. Presenting the development of "public-private partnerships" throughout Europe and emphasizing their ascent and fall, is the primary output of this study. Additionally, this study aimed to demonstrate the current status of this kind of cooperation throughout Europe and the interest that European nations have shown in “public-private partnerships†. The market for “public-private partnerships†in Europe has been expanding gradually since 1990. Since then, Great Britain has dominated the market for public-private partnerships for a considerable amount of time. This is a country where interest in this kind of cooperation has grown. In this study, we attempted to draw interest in the time when Great Britain was the front-runner and the point at which other states overtook it. The recent development of public-private partnerships in Europe was given also special attention by presenting the states who are paving the way in implementing PPP projects together with the governments that have only recently concentrated on doing so.

Suggested Citation

  • Cristina - Iuliana PETROVAN (MARANDA), 2023. "Public-Private Partnership'S Ascent And Fall In Europe," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 32(2), pages 48-58, December.
    • Handle: RePEc:ora:journl:v:2:y:2023:i:2:p:48-58
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    References listed on IDEAS

    as
    1. Roehrich, Jens K. & Lewis, Michael A. & George, Gerard, 2014. "Are public–private partnerships a healthy option? A systematic literature review," Social Science & Medicine, Elsevier, vol. 113(C), pages 110-119.
    2. Nannan Wang & Minxun Ma & Yunfei Liu, 2020. "The Whole Lifecycle Management Efficiency of the Public Sector in PPP Infrastructure Projects," Sustainability, MDPI, vol. 12(7), pages 1-17, April.
    3. Axel Marx, 2019. "Public-Private Partnerships for Sustainable Development: Exploring Their Design and Its Impact on Effectiveness," Sustainability, MDPI, vol. 11(4), pages 1-9, February.
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    More about this item

    Keywords

    Public-private partnership; Europe; Cooperation; Projects;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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