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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 …
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 …
Infrastructure For Economic Growth And Development: The Financing Gap, Michael Regan
Infrastructure For Economic Growth And Development: The Financing Gap, Michael Regan
Michael Regan
Extract: Infrastructure is one of the most important tools for accelerating economic development in developing and transition economies. However, the benefits are not always uniform across nations; the results vary significantly between industries, and improved social returns from additional investment have more to do with the procurement method and operational efficiencies than the amount of money that is employed. This article provides a review of the role that infrastructure plays in strengthening economic development and poverty reduction and reducing trade costs to support improved regional cooperation and integration in Commonwealth countries.
Critical Foundations: Providing Australia’S 21st Century Infrastructure, Michael Regan
Critical Foundations: Providing Australia’S 21st Century Infrastructure, Michael Regan
Michael Regan
Extract:
Infrastructure is undoubtedly the least understood of the major asset classes in Australia. A tradition of public ownership and operation, its status as a public good and a lack of information about its investment characteristics in both public and private hands has contributed to limited recognition of its role in national and regional economies. However, this situation is changing. A coincidence of political, economic and financial events in the lead up to the worldwide economic recession of the late 1980s and Australia's microeconomic reforms of the 1990s b[r]ought into sharper focus the central role that infrastructure plays in both …
What Impact Will Current Capital Market Conditions Have On Public Private Partnerships?, Michael Regan
What Impact Will Current Capital Market Conditions Have On Public Private Partnerships?, Michael Regan
Michael Regan
Extract: This research report is prepared for the Infrastructure Association of Queensland and is a joint undertaking of the Association and the Mirvac School of Sustainable Development at Bond University. He purpose of this study is to examine the present and future use of public private partnerships (PPPs) in Queensland given recent events in international and domestic credit markets and prevailing capital market conditions. The essential research question to be answered here is whether current volatility and uncertainty in capital markets in Australia affects the feasibility of privately financed infrastructure and specifically, the PPP method of procurement.