Local and territorial determinants in the realization of public–private–partnerships: an empirical analysis for Italian provinces.
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| Authors: | Mazzola, Fabio1 (AUTHOR) fabio.mazzola@unipa.it, Cusimano, Alessandro2 (AUTHOR), Di Giacomo, Giuseppe3 (AUTHOR), Epifanio, Rosalia1 (AUTHOR) |
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| Source: | European Planning Studies. Nov2019, Vol. 27 Issue 11, p2266-2287. 22p. 6 Charts. |
| Subject Terms: | *Administrative efficiency, Tobits, Provinces |
| Geographic Terms: | Italy |
| Abstract: | Relational networks and intangible factors are crucial elements for the competitiveness of a territory. Public–Private–Partnerships (PPPs), in particular, allow for the provision of goods and services that favour the exploitation of complementarities between public and private resources. They aim at promoting an increase in the overall efficiency of investment projects through a complex mechanism that distributes risk and revenues among stakeholders. This paper examines the local and territorial determinants of PPPs through an econometric analysis based upon Italian municipal data, grouped at the provincial level. Using a tobit model, we analyse the relationship between the realization of successful PPP initiatives and different sets of factors, including less analysed local and territorial determinants. We stress the role of the local management of infrastructure assets, the administrative efficiency of local authorities and the diffusion of previous local development initiatives. Local management and territorial context factors explain most of the occurrence of successful PPP initiatives in the pre-crisis period while usual determinants (infrastructure endowment and financial distress) display a weaker effect. [ABSTRACT FROM AUTHOR] |
| Database: | Entrepreneurial Studies Source |
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| Header | DbId: ent DbLabel: Entrepreneurial Studies Source An: 138667451 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Mazzola%2C+Fabio%22">Mazzola, Fabio</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> fabio.mazzola@unipa.it</i><br /><searchLink fieldCode="AR" term="%22Cusimano%2C+Alessandro%22">Cusimano, Alessandro</searchLink><relatesTo>2</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Di+Giacomo%2C+Giuseppe%22">Di Giacomo, Giuseppe</searchLink><relatesTo>3</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Epifanio%2C+Rosalia%22">Epifanio, Rosalia</searchLink><relatesTo>1</relatesTo> (AUTHOR) – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22European+Planning+Studies%22">European Planning Studies</searchLink>. Nov2019, Vol. 27 Issue 11, p2266-2287. 22p. 6 Charts. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Administrative+efficiency%22">Administrative efficiency</searchLink><br /><searchLink fieldCode="DE" term="%22Tobits%22">Tobits</searchLink><br /><searchLink fieldCode="DE" term="%22Provinces%22">Provinces</searchLink> – Name: SubjectGeographic Label: Geographic Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Italy%22">Italy</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Relational networks and intangible factors are crucial elements for the competitiveness of a territory. Public–Private–Partnerships (PPPs), in particular, allow for the provision of goods and services that favour the exploitation of complementarities between public and private resources. They aim at promoting an increase in the overall efficiency of investment projects through a complex mechanism that distributes risk and revenues among stakeholders. This paper examines the local and territorial determinants of PPPs through an econometric analysis based upon Italian municipal data, grouped at the provincial level. Using a tobit model, we analyse the relationship between the realization of successful PPP initiatives and different sets of factors, including less analysed local and territorial determinants. We stress the role of the local management of infrastructure assets, the administrative efficiency of local authorities and the diffusion of previous local development initiatives. Local management and territorial context factors explain most of the occurrence of successful PPP initiatives in the pre-crisis period while usual determinants (infrastructure endowment and financial distress) display a weaker effect. [ABSTRACT FROM AUTHOR] |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=ent&AN=138667451 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1080/09654313.2019.1640187 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 22 StartPage: 2266 Subjects: – SubjectFull: Administrative efficiency Type: general – SubjectFull: Tobits Type: general – SubjectFull: Provinces Type: general – SubjectFull: Italy Type: general Titles: – TitleFull: Local and territorial determinants in the realization of public–private–partnerships: an empirical analysis for Italian provinces. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Mazzola, Fabio – PersonEntity: Name: NameFull: Cusimano, Alessandro – PersonEntity: Name: NameFull: Di Giacomo, Giuseppe – PersonEntity: Name: NameFull: Epifanio, Rosalia IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 11 Text: Nov2019 Type: published Y: 2019 Identifiers: – Type: issn-print Value: 09654313 Numbering: – Type: volume Value: 27 – Type: issue Value: 11 Titles: – TitleFull: European Planning Studies Type: main |
| ResultId | 1 |
