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 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.
| Main Authors: | , |
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| Format: | Working Paper biblioteca |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016-07
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| Subjects: | public-private partnership, contract cancellation, propensity score matching, multilevel model, multilateral support, |
| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26581810/effects-multilateral-support-infrastructure-ppp-contract-cancellation http://hdl.handle.net/10986/24832 |
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