Skip to main content
SpringerLink
Log in

Public Investment Management and Public-Private Partnerships

  • Chapter
The International Handbook of Public Financial Management

  • 1980 Accesses

Abstract

While there is consensus around the centrality of public investment to growth and social welfare, there remain for many developing countries concerns about the inefficiency of public investment projects, the inability of governments to create value-for-money assets, the lack of clear champions to push forward an agenda to improve public investment management, and the complexities of managing the involvement of the private sector in public investment, especially through publicprivate partnerships (PPPs). The management of public investment, like all public resource allocation through public financial management (PFM) systems, can be viewed through the lens of the commonly agreed level one, two and three objectives of PFM, namely aggregate fiscal management and control, efficiency in the allocation of resources, and technical efficiency.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Allen, R. 2012. Review of “International Handbook of Public-Private Partnerships,” in G. A. Hodge, C. Greve and A. E. Boardman (eds) Cheltenham: Edward Elgar, Governance, 23(3): 521–3.

    Google Scholar 

  • Australian Council for Infrastructure Development. 2005. Delivering for Australia: A Review of BOOs. BOOTs. Privatization and Public-Private Partnerships.

    Google Scholar 

  • Bloechinger, H., C. Charbit, J. P. Campos and C. Vammalle. 2010. “Sub-Central Governments and the Economic Crisis: Impact and Policy Responses,” OECD, Economics Department Working Papers No. 752. Paris: Organisation for Economic Co-operation and Development.

    Google Scholar 

  • Boardman, A. E., and A. R. Vining. 2010. “Assessing the economic worth of public-private partnerships,” International Handbook on Public-Private Partnerships, Cheltenham and Northampton: Edward Elgar.

    Google Scholar 

  • Collier, P., F. van der Ploeg, M. Spence and A. Venables. 2009. Managing Resource Revenues in Developing Countries. Oxford: OxCarre Research Centre 2009–15.

    Google Scholar 

  • Dabla-Norris, E., J. Brumby, A. Kyobe, Z. Mills and C. Papageorgiou. 2011. “Investing in Public Investment: An Index of Public Investment Efficiency,” IMF Working Paper, WP/11/37. Washington, DC: International Monetary Fund.

    Google Scholar 

  • Eurostat. 2004. New Decision of Eurostat on Deficit and Debt: Treatment of Public-Private Partnerships. New Release No. 18. 11 February. The Statistical Office of The European Communities, Luxembourg.

    Google Scholar 

  • Flyvberg, B. 2007. “Policy and Planning for Large-Infrastructure Projects: Problems, Causes, Cures,” Environment and Planning B: Planning and Design, 34, 578–97.

    Article  Google Scholar 

  • Flyvbjerg, B., N. Bruzeliua and W. Rothengatter. 2003. Megaprojects and Risk: An Anatomy of Ambition. Cambridge: Cambridge University Press.

    Book  Google Scholar 

  • Fontaine, E. R. 1997. “Project Evaluation Training and Public Investment in Chile,” American Economic Review, 87(2): 63–7.

    Google Scholar 

  • Foster, V., and C. Briceño-Garmendia (eds). 2010. Africa’s Infrastructure: A Time for Transformation. Washington, DC: World Bank, Africa Development Forum Series.

    Google Scholar 

  • Gupta, S., A. Kangur, C. Papageorgiou and A. Wane. 2011. “Efficiency-Adjusted Public Capital and Growth,” IMF Working Paper WP/11/217. Washington, DC:International Monetary Fund.,

    Google Scholar 

  • Hasnain, Z. 2011. “Incentive Compatible Reforms: The Political Economy of Public Investments in Mongolia,” Washington, D.C: World Bank, East Asia PREM (mimeo), p. 20, February.

    Book  Google Scholar 

  • Hodge, G., C. Greve and A. E. Boardman. 2011. International Handbook of Public-Private Partnerships. Cheltenham: Edward Elgar.

    Google Scholar 

  • HM Treasury. 2008. Infrastructure Procurement: Delivering Long-Term Value, HM Treasury, London: HMSO.

    Google Scholar 

  • Hodge, G. A. 2010. “Reviewing Public-Private Partnerships: Some Thoughts on Evaluation,” International Handbook on Public-Private Partnerships, Cheltenham and Northampton: Edward Elgar.

    Chapter  Google Scholar 

  • IFAC. 2011. “Transition to the Accrual Basis of Accounting: Guidance for Public Sector Entities (Third Edition),” New York: International Federation of Accountants (http://www.ifac.org), Study 14, 332.

    Google Scholar 

  • IMF. 2006. Public Private Partnerships, Government Guarantees, and Fiscal Risk. Washington, DC: IMF Fiscal Affairs Department.

    Google Scholar 

  • Keefer, P. and S. Knack. 2007. “Boondoggles, Rent-Seeking, and Political Checks and Balances: Public Investment under Unaccountable Governments,” Review of Economics and Statistics, 89(3): 566–71.

    Article  Google Scholar 

  • Kim, J.-H. and others 2011. Public-Private Partnership Infrastructure Projects: Case Studies from the Republic of Korea, Volume 1: Institutional Arrangements and Performance and Volume 2: Cases of Build-Transfer-Operate Projects for Ports and Build-Transfer-Lease Projects for Education Facilities, Asian Development Bank.

    Google Scholar 

  • Messick, R. 2011. “Curbing Fraud, Corruption, and Collusion in the Roads Sector,” Washington, DC: World Bank, Integrity Vice Presidency (http://siteresources.worldbank.org/INTDOII/Resources/Roads_Paper_Final.pdf), 61.

    Google Scholar 

  • New South Wales Government. 2006. Working with Government: Guidelines for Privately Financed Projects. New South Wales.

    Google Scholar 

  • OECD. 2008. Public-Private Partnerships: In Pursuit of Risk Sharing and Value for Money. Paris: Organisation for Economic Co-operation and Development.

    Google Scholar 

  • OECD. 2010. The Green Book. London: The Stationery Office.

    Google Scholar 

  • OECD. 2010a. Paris: Organisation for Economic Co-operation and Development.

    Google Scholar 

  • OECD. 2010b. “How to Attain Value for Money: Comparing PPP and Traditional Infrastructure Public Procurement,” OECD Working Paper.

    Google Scholar 

  • OECD. 2012. Principles for Public Governance of Public-Private Partnerships. Paris: Organisation for Economic Co-operation and Development.

    Google Scholar 

  • Priemus, H., B. Flyvbjerg and B. Van Weer. 2008. Decision-Making on Mega-Projects: Cost-Benefit Analysis, Planning and Innovation. Cheltenham: Edward Elgar Publishing.

    Book  Google Scholar 

  • Rajaram, A., T. Minh Le, N. Biletska and J. Brumby. 2010. “Framework for Reviewing Public Investment Efficiency,” World Bank Policy Working Paper, No. 5397 (August), February 17. Washington, DC:

    Google Scholar 

  • Schwartz, G., A. Corbacho and K. Funke (eds) 2008. Public Investment and Public-Private Partnership: Addressing Infrastructure Challenges and Managing Fiscal Risks. New York/Washington, DC: Palgrave Macmillan & International Monetary Fund (IMF).

    Google Scholar 

  • Stewart, J. 2010. “The U.K. National Infrastructure Plan 2010.” European Investment Bank (EIB) Papers, 15(2 (Public and private financing of infrastructure: Policy challenges in mobilizing finance)), 29–33.

    Google Scholar 

  • Tanzi, V., and H. Davoodi. 1997. Corruption, Public Investment, and Growth. Washington, DC: International Monetary Fund.

    Google Scholar 

  • World Bank and the Public-Private Infrastructure Advisory Facility. 2007. Public-Private Partnership Unites: Lessons for their Design and Use in Infrastructure. World Bank, DC: World Bank.

    Google Scholar 

Download references

Authors
  1. Jim Brumby
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Kai Kaiser
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Jay-Hyung Kim
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Richard Allen Richard Hemming Barry H. Potter

Copyright information

© 2013 Jim Brumby, Kai Kaiser and Jay-Hyung Kim

About this chapter

Cite this chapter

Brumby, J., Kaiser, K., Kim, JH. (2013). Public Investment Management and Public-Private Partnerships. In: Allen, R., Hemming, R., Potter, B.H. (eds) The International Handbook of Public Financial Management. Palgrave Macmillan, London. https://doi.org/10.1057/9781137315304_28

Download citation

Publish with us

Policies and ethics

Search

Navigation