중남미 인프라 민관협력(Public–Private Partnerships)의 특징 및 주요요인 분석
Stylized Facts and Determinants of Infrastructure PPPs (Public-Private Partnership) in Latin America
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Recent strategy for promoting the sustainable development of infrastructure in developing countries centers on the participation of the private sector in the provision of public infrastructure services as energy, transportation, telecommunication and water. The model is called PPP (Public-Private Partnership), and it varies in the manner of allocating different levels of participation and cooperation, as well as being differentiated in terms of sharing risks and increasing efficiency. This article identifies the significant factors for implementing the model, such as macroeconomic factors, political stability and the institutional qualities of the government and the market; consideration is also given to the theoretical background covered by previous studies. After reviewing the PPP performance of the 5 most highly performing countries (Brazil, Argentina, Colombia, Mexico, Chile), the statistical analysis is presented using data of the 29 Latin American countries and resulting in significant confirmation of the important factors for the PPP of infrastructure in Latin America. Furthermore, in conclusion I suggest there are not only policy implications but also implications for business strategy, leading to the characterization of PPP as a win-win partnership.
Abstract
Recent strategy for promoting the sustainable development of infrastructure in developing countries centers on the participation of the private sector in the provision of public infrastructure services as energy, transportation, telecommunication and water. The model is called PPP (Public-Private Partnership), and it varies in the manner of allocating different levels of participation and cooperation, as well as being differentiated in terms of sharing risks and increasing efficiency. This article identifies the significant factors for implementing the model, such as macroeconomic factors, political stability and the institutional qualities of the government and the market; consideration is also given to the theoretical background covered by previous studies. After reviewing the PPP performance of the 5 most highly performing countries (Brazil, Argentina, Colombia, Mexico, Chile), the statistical analysis is presented using data of the 29 Latin American countries and resulting in significant confirmation of the important factors for the PPP of infrastructure in Latin America. Furthermore, in conclusion I suggest there are not only policy implications but also implications for business strategy, leading to the characterization of PPP as a win-win partnership.
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