Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
This paper examines the relationship between multilateral support and contract cancellation in long-term infrastructure public-private partnerships. The analysis draws on a large data set and employs a multi-level econometric model to define propen...
| Main Authors: | , |
|---|---|
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26581810/effects-multilateral-support-infrastructure-ppp-contract-cancellation http://hdl.handle.net/10986/24832 |
| Summary: | This paper examines the relationship
between multilateral support and contract cancellation in
long-term infrastructure public-private partnerships. The
analysis draws on a large data set and employs a multi-level
econometric model to define propensity scores and matching
estimators to compare rates of cancellation between projects
with multilateral support and a comparison group of
public-private partnership projects without multilateral
support. The results suggest that multilateral support has a
positive effect on the survival of long-term public-private
partnership infrastructure contracts. Whereas observed the
data suggest that multilateral support has no effect on
cancellation rates, a quasi-experimental approach shows that
the cancellation rate for projects with multilateral (6
percent) would have been about 48 percent higher without
support from multilateral development organizations. |
|---|