经济与管理研究2018，Vol.39Issue(3)：52-64,13.DOI:10.13502/j.cnki.issn1000-7636.2018.03.005
制度质量、多边金融机构支持与PPP项目成效——来自非洲PPP项目数据的经验证据
Institutional Quality,Multilateral Financial Institutions'Support and the Success of PPP Projects—Empirical Study Based on African Countries
摘要
Abstract
The public-private partnership(PPP)is an important way to solve the capital shortage of infrastructure construction.However,the history of PPP in China is not long and is still in the stage of exploration.The PPP investment in infrastructure projects is at a high risk.Thus,it is necessary to study the existing PPP projects in African countries and explore the factors that contribute to the success of the project.This study uses data from 552 PPP infrastructure projects from 2002 to 2016 in African countries to research the of risk structures of PPP projects from institutional quality and multilateral financial institutions'support.It is found that institutional quality and multilateral financial institution support influence the success of the PPP by directly influencing private sectors' risk sharing.Furthermore,multilateral financial institutions'support is a positive factor for private sectors during choosing higher risk structure.And institutional quality of the investment destination has mixed effets on the degree of private sectors' risk sharing in PPP projects,especially increased rule of law,higher bureaucratic effectiveness,stronger control over corruption and better support to private sectors' development are more likely to encourage private entities to shoulder more risks.However,within the partnership,the democracy level of countries presents the contrary effects.关键词
政府与社会资本合作(PPP)/制度质量/多边金融机构/非洲Key words
public-private partnership(PPP)/institutional quality/multilateral financial institution/African countries分类
管理科学引用本文复制引用
霍伟东,陈若愚,李行云..制度质量、多边金融机构支持与PPP项目成效——来自非洲PPP项目数据的经验证据[J].经济与管理研究,2018,39(3):52-64,13.基金项目
国家社会科学基金重大项目"打造陆海内外联动、东西双向开放的全面开放新格局研究"(15DC017) （15DC017）
四川省高校科研创新团队项目"自由贸易区战略与人民币区研究"(JBK130504) （JBK130504）
西南财经大学中央高校基本科研业务费项目"利率市场化、汇率改制与国际资本流动"(JBK1707178) （JBK1707178）
