Effect of Promotion Pressure and Financial Burden on Investment in Public-Private Partnership Infrastructure Projects in China
Author | : Ling Wang |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
ISBN-10 | : OCLC:1375441222 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Effect of Promotion Pressure and Financial Burden on Investment in Public-Private Partnership Infrastructure Projects in China written by Ling Wang and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.