Ex-Ante Evaluation of Public-Private Partnerships: Macroeconomic Analysis

Liu, Henry, Love, Peter E.D., Carey, Brad, Smith, Jim and Regan, Michael (2015) Ex-Ante Evaluation of Public-Private Partnerships: Macroeconomic Analysis. Journal of Infrastructure Systems, 21 (2). 04014038. ISSN 1076-0342

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Official URL: https://doi.org/10.1061/(asce)is.1943-555x.0000228


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.

Item Type: Article
Uncontrolled Keywords: Ex-ante evaluation, Public-private partnerships, key performance indicators, Macroeconomic environment
Subjects: G400 Computer Science
Department: Faculties > Engineering and Environment > Architecture and Built Environment
Depositing User: Elena Carlaw
Date Deposited: 28 Oct 2019 14:10
Last Modified: 28 Oct 2019 14:12
URI: http://nrl.northumbria.ac.uk/id/eprint/41272

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