Ex-ante evaluation of public-private partnerships: Macroeconomic analysis
© 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...
| Main Authors: | , , , , |
|---|---|
| Format: | Journal Article |
| Published: |
American Society of Civil Engineers (ASCE)
2015
|
| Online Access: | http://hdl.handle.net/20.500.11937/30916 |
| _version_ | 1848753228230950912 |
|---|---|
| author | Liu, J. Love, Peter Carey, B. Smith, J. Regan, M. |
| author_facet | Liu, J. Love, Peter Carey, B. Smith, J. Regan, M. |
| author_sort | Liu, J. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 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. |
| first_indexed | 2025-11-14T08:21:11Z |
| format | Journal Article |
| id | curtin-20.500.11937-30916 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:21:11Z |
| publishDate | 2015 |
| publisher | American Society of Civil Engineers (ASCE) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-309162017-09-13T15:10:08Z Ex-ante evaluation of public-private partnerships: Macroeconomic analysis Liu, J. Love, Peter Carey, B. Smith, J. Regan, M. © 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. 2015 Journal Article http://hdl.handle.net/20.500.11937/30916 10.1061/(ASCE)IS.1943-555X.0000228 American Society of Civil Engineers (ASCE) restricted |
| spellingShingle | Liu, J. Love, Peter Carey, B. Smith, J. Regan, M. Ex-ante evaluation of public-private partnerships: Macroeconomic analysis |
| title | Ex-ante evaluation of public-private partnerships: Macroeconomic analysis |
| title_full | Ex-ante evaluation of public-private partnerships: Macroeconomic analysis |
| title_fullStr | Ex-ante evaluation of public-private partnerships: Macroeconomic analysis |
| title_full_unstemmed | Ex-ante evaluation of public-private partnerships: Macroeconomic analysis |
| title_short | Ex-ante evaluation of public-private partnerships: Macroeconomic analysis |
| title_sort | ex-ante evaluation of public-private partnerships: macroeconomic analysis |
| url | http://hdl.handle.net/20.500.11937/30916 |