Public Investment and Public-Private Partnerships

Economic Issues, March 21, 2007

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Public Investment and Public-Private Partnerships

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Bibliographic details

• Authors: Bernardin Akitoby, Gerd Schwartz, Richard Hemming
• Published: March 21, 2007
• Series: Economic Issues
• DOI: https://doi.org/10.5089/9781589064782.051

Overview and framing

• Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide.
• The link between infrastructure investment and economic growth is not yet fully understood.
• The quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment.
• This Economic Issues (EI) explores the following policy questions:
  • Should countries increase public investment in infrastructure?
  • If the answer is yes, how can they do so in a fiscally responsible manner?
  • Are public-private partnerships a viable alternative?

Key findings and themes

• Declining trend: public infrastructure spending (share of GDP) has declined globally over the past three decades.
• Evidence limitations: the causal relationship between infrastructure investment and economic growth remains incompletely understood.
• High-impact channels: infrastructure quality influences productivity, export competitiveness, and foreign direct investment attraction.
• Policy tension: the need to boost infrastructure is balanced against fiscal responsibility and public debt considerations.
• Role of PPPs: the EI examines whether public-private partnerships are a viable alternative to traditional public investment.

Policy questions and analytical focus

• Should public investment in infrastructure be increased?
  • The EI poses this fundamental question and evaluates trade-offs between growth benefits and fiscal constraints.
• How to increase public investment in a fiscally responsible manner?
  • The EI investigates mechanisms and fiscal frameworks to expand infrastructure spending without undermining fiscal sustainability.
• Are public-private partnerships (PPPs) a viable alternative?
  • The EI assesses PPPs as an alternative delivery and financing model, considering fiscal risks and management requirements.

Content in this bundle

• الاستثمار العام و الشركة بين القطاعين العام و الخاص؛ قضايا اقتصادية رقم 40
  • الاستثمار العام و الشركة بين القطاعين العام و الخاص؛ قضايا اقتصادية رقم 40 (Markdown version)
  • الاستثمار العام و الشركة بين القطاعين العام و الخاص؛ قضايا اقتصادية رقم 40 (PDF)
• 经济问题 No. 40 - 公共投资与公共和私人 部门伙伴安排
  • 经济问题 No. 40 - 公共投资与公共和私人 部门伙伴安排 (Markdown version)
  • 经济问题 No. 40 - 公共投资与公共和私人 部门伙伴安排 (PDF)
• Investissement public et partenariats public-privé; Dossiers Économiques du FMI no. 40; Août 2007.
  • Investissement public et partenariats public-privé; Dossiers Économiques du FMI no. 40; Août 2007. (Markdown version)
  • Investissement public et partenariats public-privé; Dossiers Économiques du FMI no. 40; Août 2007. (PDF)
• Государственные инвестиции и государственно-частные партнерства -- ВОПРОСЫ ЭКОНОМИКИ 40 -- 2007
  • Государственные инвестиции и государственно-частные партнерства -- ВОПРОСЫ ЭКОНОМИКИ 40 -- 2007 (Markdown version)
  • Государственные инвестиции и государственно-частные партнерства -- ВОПРОСЫ ЭКОНОМИКИ 40 -- 2007 (PDF)
• Inversión pública y asociaciones público-privadas; Temas de economía 40; 2007
  • Inversión pública y asociaciones público-privadas; Temas de economía 40; 2007 (Markdown version)
  • Inversión pública y asociaciones público-privadas; Temas de economía 40; 2007 (PDF)