PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?)
Thirty years ago, in 1974, Chile launched the first large-scale privatization in a developing country. About 15 years later, Argentina provided a new model of global infrastructure management. Since then a variety of public-private partnerships in infrastructure have been adopted throughout the developing and transition world. These experiences add up to a large and heterogeneous enough sample of experiences from which some fairly robust conclusions on who benefited from the reforms and who did not. Because many of these experiences are also turning sour and the "privatization" fad of the 1990s seems to be turning into an "anti-privatization" fad, it seems important to separate facts from emotions. The author argues that the wide differences in interpretations of the facts can be explained by wide differences in the assessment criteria used by analysts, including the definition of the baseline data chosen to assess the incremental effect of reforms. It is also driven by the sectors, the regions, and probably most important, the actors on which the analysis tends to focus. Once all these factors have been considered, a relatively fair and quantitative assessment of the prospects of the public-private relationship in infrastructure is possible.
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dig-okr-1098689972024-08-08T17:27:16Z PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?) Estache, Antonio ACCOUNTABILITY ACCOUNTING ADB AUTONOMY AVERAGE COSTS BONDS CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CORPORATE INCOME TAX CORRUPTION COST OF CAPITAL CROSS SUBSIDIES DEBT DEBT SERVICE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DIVIDENDS ECONOMIC GROWTH ECONOMISTS EFFICIENCY LEVELS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EXPENDITURES FINANCIAL MARKETS GNP HOUSEHOLDS INCOME INCOME LEVELS INFRASTRUCTURE SERVICES LABOR PRODUCTIVITY LOCAL GOVERNMENTS MACROECONOMIC PERFORMANCE MUNICIPALITIES POLICY RESEARCH POLITICAL CLOUT POLITICIANS POPULATION GROWTH PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTION COSTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC PARTICIPATION PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES ROADS SAFETY SANITATION SAVINGS SHORT TERM DEBT TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TRANSPORT TRANSPORTATION UNEMPLOYMENT UTILITIES Thirty years ago, in 1974, Chile launched the first large-scale privatization in a developing country. About 15 years later, Argentina provided a new model of global infrastructure management. Since then a variety of public-private partnerships in infrastructure have been adopted throughout the developing and transition world. These experiences add up to a large and heterogeneous enough sample of experiences from which some fairly robust conclusions on who benefited from the reforms and who did not. Because many of these experiences are also turning sour and the "privatization" fad of the 1990s seems to be turning into an "anti-privatization" fad, it seems important to separate facts from emotions. The author argues that the wide differences in interpretations of the facts can be explained by wide differences in the assessment criteria used by analysts, including the definition of the baseline data chosen to assess the incremental effect of reforms. It is also driven by the sectors, the regions, and probably most important, the actors on which the analysis tends to focus. Once all these factors have been considered, a relatively fair and quantitative assessment of the prospects of the public-private relationship in infrastructure is possible. 2012-06-26T13:45:56Z 2012-06-26T13:45:56Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/5553558/ppi-partnerships-versus-ppi-divorces-developing-countries-or-switching-pppi-ppdi https://hdl.handle.net/10986/8997 English en_US Policy Research Working Paper; No. 3470 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
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Banco Mundial |
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Estados Unidos |
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US |
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Bibliográfico |
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En linea |
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dig-okr |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ADB AUTONOMY AVERAGE COSTS BONDS CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CORPORATE INCOME TAX CORRUPTION COST OF CAPITAL CROSS SUBSIDIES DEBT DEBT SERVICE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DIVIDENDS ECONOMIC GROWTH ECONOMISTS EFFICIENCY LEVELS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EXPENDITURES FINANCIAL MARKETS GNP HOUSEHOLDS INCOME INCOME LEVELS INFRASTRUCTURE SERVICES LABOR PRODUCTIVITY LOCAL GOVERNMENTS MACROECONOMIC PERFORMANCE MUNICIPALITIES POLICY RESEARCH POLITICAL CLOUT POLITICIANS POPULATION GROWTH PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTION COSTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC PARTICIPATION PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES ROADS SAFETY SANITATION SAVINGS SHORT TERM DEBT TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TRANSPORT TRANSPORTATION UNEMPLOYMENT UTILITIES ACCOUNTABILITY ACCOUNTING ADB AUTONOMY AVERAGE COSTS BONDS CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CORPORATE INCOME TAX CORRUPTION COST OF CAPITAL CROSS SUBSIDIES DEBT DEBT SERVICE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DIVIDENDS ECONOMIC GROWTH ECONOMISTS EFFICIENCY LEVELS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EXPENDITURES FINANCIAL MARKETS GNP HOUSEHOLDS INCOME INCOME LEVELS INFRASTRUCTURE SERVICES LABOR PRODUCTIVITY LOCAL GOVERNMENTS MACROECONOMIC PERFORMANCE MUNICIPALITIES POLICY RESEARCH POLITICAL CLOUT POLITICIANS POPULATION GROWTH PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTION COSTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC PARTICIPATION PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES ROADS SAFETY SANITATION SAVINGS SHORT TERM DEBT TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TRANSPORT TRANSPORTATION UNEMPLOYMENT UTILITIES |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ADB AUTONOMY AVERAGE COSTS BONDS CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CORPORATE INCOME TAX CORRUPTION COST OF CAPITAL CROSS SUBSIDIES DEBT DEBT SERVICE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DIVIDENDS ECONOMIC GROWTH ECONOMISTS EFFICIENCY LEVELS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EXPENDITURES FINANCIAL MARKETS GNP HOUSEHOLDS INCOME INCOME LEVELS INFRASTRUCTURE SERVICES LABOR PRODUCTIVITY LOCAL GOVERNMENTS MACROECONOMIC PERFORMANCE MUNICIPALITIES POLICY RESEARCH POLITICAL CLOUT POLITICIANS POPULATION GROWTH PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTION COSTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC PARTICIPATION PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES ROADS SAFETY SANITATION SAVINGS SHORT TERM DEBT TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TRANSPORT TRANSPORTATION UNEMPLOYMENT UTILITIES ACCOUNTABILITY ACCOUNTING ADB AUTONOMY AVERAGE COSTS BONDS CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CORPORATE INCOME TAX CORRUPTION COST OF CAPITAL CROSS SUBSIDIES DEBT DEBT SERVICE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DIVIDENDS ECONOMIC GROWTH ECONOMISTS EFFICIENCY LEVELS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EXPENDITURES FINANCIAL MARKETS GNP HOUSEHOLDS INCOME INCOME LEVELS INFRASTRUCTURE SERVICES LABOR PRODUCTIVITY LOCAL GOVERNMENTS MACROECONOMIC PERFORMANCE MUNICIPALITIES POLICY RESEARCH POLITICAL CLOUT POLITICIANS POPULATION GROWTH PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTION COSTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC PARTICIPATION PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES ROADS SAFETY SANITATION SAVINGS SHORT TERM DEBT TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TRANSPORT TRANSPORTATION UNEMPLOYMENT UTILITIES Estache, Antonio PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?) |
| description |
Thirty years ago, in 1974, Chile launched the first large-scale privatization in a developing country. About 15 years later, Argentina provided a new model of global infrastructure management. Since then a variety of public-private partnerships in infrastructure have been adopted throughout the developing and transition world. These experiences add up to a large and heterogeneous enough sample of experiences from which some fairly robust conclusions on who benefited from the reforms and who did not. Because many of these experiences are also turning sour and the "privatization" fad of the 1990s seems to be turning into an "anti-privatization" fad, it seems important to separate facts from emotions. The author argues that the wide differences in interpretations of the facts can be explained by wide differences in the assessment criteria used by analysts, including the definition of the baseline data chosen to assess the incremental effect of reforms. It is also driven by the sectors, the regions, and probably most important, the actors on which the analysis tends to focus. Once all these factors have been considered, a relatively fair and quantitative assessment of the prospects of the public-private relationship in infrastructure is possible. |
| topic_facet |
ACCOUNTABILITY ACCOUNTING ADB AUTONOMY AVERAGE COSTS BONDS CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CORPORATE INCOME TAX CORRUPTION COST OF CAPITAL CROSS SUBSIDIES DEBT DEBT SERVICE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DIVIDENDS ECONOMIC GROWTH ECONOMISTS EFFICIENCY LEVELS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EXPENDITURES FINANCIAL MARKETS GNP HOUSEHOLDS INCOME INCOME LEVELS INFRASTRUCTURE SERVICES LABOR PRODUCTIVITY LOCAL GOVERNMENTS MACROECONOMIC PERFORMANCE MUNICIPALITIES POLICY RESEARCH POLITICAL CLOUT POLITICIANS POPULATION GROWTH PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTION COSTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC PARTICIPATION PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES ROADS SAFETY SANITATION SAVINGS SHORT TERM DEBT TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TRANSPORT TRANSPORTATION UNEMPLOYMENT UTILITIES |
| author |
Estache, Antonio |
| author_facet |
Estache, Antonio |
| author_sort |
Estache, Antonio |
| title |
PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?) |
| title_short |
PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?) |
| title_full |
PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?) |
| title_fullStr |
PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?) |
| title_full_unstemmed |
PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?) |
| title_sort |
ppi partnerships versus ppi divorces in ldcs (or are we switching from pppi to ppdi?) |
| publisher |
World Bank, Washington, DC |
| publishDate |
2005-01 |
| url |
http://documents.worldbank.org/curated/en/2005/01/5553558/ppi-partnerships-versus-ppi-divorces-developing-countries-or-switching-pppi-ppdi https://hdl.handle.net/10986/8997 |
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