Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China
By identifying the political motives of officials and local governments, this study aims to provide a new political economic analysis framework for understanding China's incentives for investing in public–private partnership (PPP) infrastructure projects. Chinese urban panel data for the period...
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| Veröffentlicht in: | Asian-Pacific economic literature 2019-11, Vol.33 (2), p.128-142 |
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| container_title | Asian-Pacific economic literature |
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| creator | Wang, Ling Zhou, Lihong Xiong, Yan Yan, Dongyi |
| description | By identifying the political motives of officials and local governments, this study aims to provide a new political economic analysis framework for understanding China's incentives for investing in public–private partnership (PPP) infrastructure projects. Chinese urban panel data for the period 2013–17 were used to examine the mechanisms of promotion pressure and financial burden in relation to investments in PPP infrastructure projects. Based on our findings, the following policy recommendations are proposed: standardise the behaviour of local government officials in promoting PPP projects, establish a lifelong accountability mechanism for PPP project performance, establish a mechanism for local government debt risk assessment and prevention, and avoid the risk of local debt arising from over‐investment in PPP infrastructure projects. Moreover, a match should be formed between local economic infrastructure planning and investment plans to avoid over‐ or under‐investment. |
| doi_str_mv | 10.1111/apel.12271 |
| format | Article |
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Moreover, a match should be formed between local economic infrastructure planning and investment plans to avoid over‐ or under‐investment.</description><subject>Accountability</subject><subject>Incentives</subject><subject>Infrastructure</subject><subject>Investment plans</subject><subject>Investments</subject><subject>Local government</subject><subject>Panel data</subject><subject>Prevention</subject><subject>Public debt</subject><subject>Public finance</subject><subject>Public officials</subject><subject>Public private partnerships</subject><subject>Public sector private sector relations</subject><subject>Public works</subject><subject>Risk assessment</subject><issn>0818-9935</issn><issn>1467-8411</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kE1OwzAQhS0EEqWw4QSW2CGleGLnx8uqKj9SJVjAOnKcsZoqdYKdFHXHHbghJ8EhrJnNjORv3hs_Qq6BLSDUneqwWUAcZ3BCZiDSLMoFwCmZsRzySEqenJML73eMMRBJPCOfa2NQ97Q1tHPtvu3r1oYJvR8cUmUramqrrK5VQ8vBVWhpAGp7QN_v0fZhpN1QNrX-_vzqXH1QPdJOud6i89u6C-_GKd-7QfejYjDZBT8_7q22QfqSnBnVeLz663Pydr9-XT1Gm-eHp9VyE2nOBUQy51yWVQwZz0wuUKdlqlSCRmQCAZXQrNQZS5KcIUqTlxXolEGSySqNZSr4nNxMuuGC9yFcX-zawdlgWcQc4lQIYDJQtxOlXeu9Q1OEP-2VOxbAijHhYky4-E04wDDBH3WDx3_IYvmy3kw7P9sdgbY</recordid><startdate>201911</startdate><enddate>201911</enddate><creator>Wang, Ling</creator><creator>Zhou, Lihong</creator><creator>Xiong, Yan</creator><creator>Yan, Dongyi</creator><general>John Wiley & Sons Australia, Ltd</general><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0003-4655-1863</orcidid></search><sort><creationdate>201911</creationdate><title>Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China</title><author>Wang, Ling ; Zhou, Lihong ; Xiong, Yan ; Yan, Dongyi</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3341-98339bd21737f84ec6b6aa5ef474e1ea4c0bc705580ee9f8bd1c601579d629643</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Accountability</topic><topic>Incentives</topic><topic>Infrastructure</topic><topic>Investment plans</topic><topic>Investments</topic><topic>Local government</topic><topic>Panel data</topic><topic>Prevention</topic><topic>Public debt</topic><topic>Public finance</topic><topic>Public officials</topic><topic>Public private partnerships</topic><topic>Public sector private sector relations</topic><topic>Public works</topic><topic>Risk assessment</topic><toplevel>online_resources</toplevel><creatorcontrib>Wang, Ling</creatorcontrib><creatorcontrib>Zhou, Lihong</creatorcontrib><creatorcontrib>Xiong, Yan</creatorcontrib><creatorcontrib>Yan, Dongyi</creatorcontrib><collection>CrossRef</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Asian-Pacific economic literature</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wang, Ling</au><au>Zhou, Lihong</au><au>Xiong, Yan</au><au>Yan, Dongyi</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China</atitle><jtitle>Asian-Pacific economic literature</jtitle><date>2019-11</date><risdate>2019</risdate><volume>33</volume><issue>2</issue><spage>128</spage><epage>142</epage><pages>128-142</pages><issn>0818-9935</issn><eissn>1467-8411</eissn><abstract>By identifying the political motives of officials and local governments, this study aims to provide a new political economic analysis framework for understanding China's incentives for investing in public–private partnership (PPP) infrastructure projects. 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| fulltext | fulltext |
| identifier | ISSN: 0818-9935 |
| ispartof | Asian-Pacific economic literature, 2019-11, Vol.33 (2), p.128-142 |
| issn | 0818-9935 1467-8411 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; Business Source Complete |
| subjects | Accountability Incentives Infrastructure Investment plans Investments Local government Panel data Prevention Public debt Public finance Public officials Public private partnerships Public sector private sector relations Public works Risk assessment |
| title | Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China |
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