Contracting arrangements and public private partnerships for sustainable development

Journal of Public Sector Economics

Xiao, Kezhou^3¹  Vinella, Annalisa^2²  Ahmad, Ehtisham^1³ 

[1] London School of Economics and Political Science, London, UK^3;University of Bari “Aldo Moro”, Bari, Italy^2;Zhejiang University, Hangzhou, Zhejiang Province, China^1

关键词: financing infrastructure investments;    contracts;    sustainable development;   

DOI  :  10.3326.pse.42.2.8

学科分类：社会科学、人文和艺术（综合）

来源: Institute of Public Finance

【 摘 要 】

This paper extends the discussion of the investment cycle in Ahmad (2017) (G24 paper), in which the questions concerning “what” to invest in and “where” are addressed. This paper examines the “how” of investment for sustainable development, focusing on options for contracting arrangements, such as PPPs, that would help to involve the private sector, manage risks in the presence of asymmetric information, as well as uncertainty about climate change. It also addresses the strengthening of national and local institutions and the possible role of international financial institutions. In discussing the investment options, the paper also updates a G24 review of the empirical and theoretical literature on involving the private sector involvement in public investments (Ahmad et al., 2018).

【 授权许可】

CC BY-NC