Good infrastructures are key to guarantee sustained economic growth and inclusive development. However, fiscal and budget constraints are likely to restraint public investment in infrastructure. For these reasons, public–private partnerships (PPPs) are increasingly playing a crucial role in infrastructures deployment at global level. However, the factors affecting PPP attraction are still understudied. In particular, it is notable that some regions are persistently underperforming in terms of PPP investments. This study aims to identify the impact that non-financial factors, such as governance and regulatory quality, play in PPP investments in the MENA region. We analysed the impact of regulatory quality in infrastructure investment and we show that regulatory quality is the most relevant governance indicator to explain the level of PPP investments. Its impact is particularly strong in the energy sector, and in politically instable environments such as the MENA countries.

Determinants of PPP in infrastructure investments in MENA countries: a focus on energy

Somma E.;Rubino A.
2019

Abstract

Good infrastructures are key to guarantee sustained economic growth and inclusive development. However, fiscal and budget constraints are likely to restraint public investment in infrastructure. For these reasons, public–private partnerships (PPPs) are increasingly playing a crucial role in infrastructures deployment at global level. However, the factors affecting PPP attraction are still understudied. In particular, it is notable that some regions are persistently underperforming in terms of PPP investments. This study aims to identify the impact that non-financial factors, such as governance and regulatory quality, play in PPP investments in the MENA region. We analysed the impact of regulatory quality in infrastructure investment and we show that regulatory quality is the most relevant governance indicator to explain the level of PPP investments. Its impact is particularly strong in the energy sector, and in politically instable environments such as the MENA countries.
File in questo prodotto:
File Dimensione Formato  
2019 - JIBE - Di Liddo Rubino Somma.pdf

non disponibili

Descrizione: Articolo
Tipologia: Documento in Versione Editoriale
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 830.57 kB
Formato Adobe PDF
830.57 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11586/231767
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 7
  • ???jsp.display-item.citation.isi??? ND
social impact