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    Ex-ante evaluation of public-private partnerships: Macroeconomic analysis

    Access Status
    Fulltext not available
    Authors
    Liu, J.
    Love, Peter
    Carey, B.
    Smith, J.
    Regan, M.
    Date
    2015
    Type
    Journal Article
    
    Metadata
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    Citation
    Liu, J. and Love, P. and Carey, B. and Smith, J. and Regan, M. 2015. Ex-ante evaluation of public-private partnerships: Macroeconomic analysis. Journal of Infrastructure Systems. 21 (2).
    Source Title
    Journal of Infrastructure Systems
    DOI
    10.1061/(ASCE)IS.1943-555X.0000228
    ISSN
    1076-0342
    School
    Department of Civil Engineering
    URI
    http://hdl.handle.net/20.500.11937/30916
    Collection
    • Curtin Research Publications
    Abstract

    © 2014 American Society of Civil Engineers. Public-private partnerships (PPPs) are currently a popular approach for governments to procure social and economic infrastructure. The macroeconomic environment plays a critical role and influences the factors that can lead to the successful delivery of a PPP project. Despite the importance of the macroeconomic environment, limited attention has been paid to ex-ante (that is, before the event, or forecast) evaluation. A review of the normative literature was undertaken, aiming to derive key performance indicators (KPIs) of PPP success. The KPIs were validated by using a vector error correction model. It is suggested that the developed KPIs can be used to evaluate the suitability of the macroeconomic conditions in which a PPP project will be implemented. These KPIs can provide governments and stakeholders with a platform to conduct an effective ex-ante evaluation of PPP projects that will be significant in policy and decision making.

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