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Full-Text Articles in Economics
Ex-Ante Evaluation Of Public-Private Partnerships: Macroeconomic Analysis, Junxiao Liu, Peter Love, Brad Carey, Jim Smith, Michael Regan
Ex-Ante Evaluation Of Public-Private Partnerships: Macroeconomic Analysis, Junxiao Liu, Peter Love, Brad Carey, Jim Smith, Michael Regan
Michael Regan
Public-private partnerships (PPPs) are currently a popular approach for governments to procure social and economic infrastructure. The macroeconomic environment plays a critical role and influences the factors that can lead to the successful delivery of a PPP project. Despite the importance of the macroeconomic environment, limited attention has been paid to ex-ante (that is, before the event, or forecast) evaluation. A review of the normative literature was undertaken, aiming to derive key performance indicators (KPIs) of PPP success. The KPIs were validated by using a vector error correction model. It is suggested that the developed KPIs can be used to …
Your Friends And Neighbors: Localized Economic Development And Criminal Activity, Matthew Freedman, Emily Owens
Your Friends And Neighbors: Localized Economic Development And Criminal Activity, Matthew Freedman, Emily Owens
Matthew Freedman
We exploit a sudden shock to demand for a subset of low-wage workers generated by the 2005 Base Realignment and Closure (BRAC) program in San Antonio, Texas to identify the effects of localized economic development on crime. We use a difference-in-difference methodology that takes advantage of variation in BRAC’s impact over time and across neighborhoods. We find that appropriative criminal behavior increases in neighborhoods where a fraction of residents experienced increases in earnings. This effect is driven by residents who were unlikely to be BRAC beneficiaries, implying that criminal opportunities are important in explaining patterns of crime.
Forthcoming in the …
Evaluating The Environment For Public-Private Partnerships In Asia-Pacific: The 2011 Infrascope, Manisha Mirchandani, Vanesa Sanchez, Manoj Vohra, Michael Regan
Evaluating The Environment For Public-Private Partnerships In Asia-Pacific: The 2011 Infrascope, Manisha Mirchandani, Vanesa Sanchez, Manoj Vohra, Michael Regan
Michael Regan
Preface This document comprises a summary and analysis of a benchmark index and learning tool that assesses the capacity of countries in the Asia-Pacific region to carry out sustainable publicprivate infrastructure partnerships, as of June 2011. The methodology is based on a similar study of Latin America and the Caribbean published in 2009 and 2010. The index was built by the Economist Intelligence Unit and commissioned by the Asian Development Bank (ADB). The views and opinions expressed in this publication are those of the Economist Intelligence Unit and do not necessarily reflect the official position of the ADB. An Economist …