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What Drives Private Participation in Infrastructure Developing Countries?

Author

Listed:
  • Moszoro, Marian W.
  • Araya, Gonzalo
  • Ruiz-Nuñez, Fernanda
  • Schwartz, Jordan

Abstract

This chapter reviews the empirical literature on the determinants of private participation in infrastructure investments and presents a more detailed discussion of the political, institutional, and governance determinants. It also identifies areas in which additional efforts are required if the private sector were to play a larger role in financing infrastructure development in emerging markets and developing economies.

Suggested Citation

  • Moszoro, Marian W. & Araya, Gonzalo & Ruiz-Nuñez, Fernanda & Schwartz, Jordan, 2015. "What Drives Private Participation in Infrastructure Developing Countries?," MPRA Paper 101590, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:101590
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    References listed on IDEAS

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    1. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    2. Ba, Lika & Gasmi, Farid & Noumba Um, Paul, 2010. "Is the level of financial sector development a key determinant of private investment in the power sector ?," Policy Research Working Paper Series 5373, The World Bank.
    3. Williamson, Oliver E, 1999. "Public and Private Bureaucracies: A Transaction Cost Economics Perspective," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(1), pages 306-342, April.
    4. North, Douglass C. & Weingast, Barry R., 1989. "Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England," The Journal of Economic History, Cambridge University Press, vol. 49(4), pages 803-832, December.
    5. Moszoro, Marian W. & Spiller, Pablo T., 2014. "Third-Party Opportunism and the Theory of Public Contracts: Operationalization and Applications," MPRA Paper 101592, University Library of Munich, Germany.
    6. Moszoro Marian W., 2018. "Public–Private Monopoly," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 18(2), pages 1-15, April.
    7. Eric Brousseau & Jean-Michel Glachant, 2014. "The manufacturing of markets: legal, political and economic dynamics," Post-Print hal-01492359, HAL.
    8. Kenneth J. Arrow & Robert C. Lind, 1974. "Uncertainty and the Evaluation of Public Investment Decisions," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 3, pages 54-75, Palgrave Macmillan.
    9. Brousseau,Eric & Glachant,Jean-Michel (ed.), 2014. "The Manufacturing of Markets," Cambridge Books, Cambridge University Press, number 9781107053717, September.
    10. Luis Serven & César Calderon, 2004. "The Effects of Infrastructure Development on Growth and income," Econometric Society 2004 Latin American Meetings 173, Econometric Society.
    11. Oliver Hart & Andrei Shleifer & Robert W. Vishny, 1997. "The Proper Scope of Government: Theory and an Application to Prisons," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1127-1161.
    12. Marian Moszoro & Gonzalo Araya & Fernanda Ruiz-Nuñez & Jordan Schwartz, 2014. "Institutional and Political Determinants of Private Participation in Infrastructure," International Transport Forum Discussion Papers 2014/15, OECD Publishing.
    13. Straub, Stephane, 2008. "Infrastructure and growth in developing countries : recent advances and research challenges," Policy Research Working Paper Series 4460, The World Bank.
    14. Paul A. Grout, 2003. "Public and Private Sector Discount Rates in Public-Private Partnerships," Economic Journal, Royal Economic Society, vol. 113(486), pages 62-68, March.
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    Cited by:

    1. Moszoro Marian W., 2024. "The direct employment impact of public investment," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 60(1), pages 59-74, March.
    2. Jacek Batóg & Przemysław Pluskota, 2023. "Renewable Energy and Energy Efficiency: European Regional Policy and the Role of Financial Instruments," Energies, MDPI, vol. 16(24), pages 1-19, December.

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    More about this item

    Keywords

    Public-private partnerships; political economy; development economics;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

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