Effects of Multilateral Support on Infrastructure PPP Contract Cancellation

This paper examines the relationship between multilateral support and contract cancellation in long-term infrastructure public-private partnerships. The analysis draws on a large data set and employs a multi-level econometric model to define propen...

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Main Authors:	Marcelo, Darwin, House, Schuyler
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	public-private partnership contract cancellation propensity score matching multilevel model multilateral support
Online Access:	http://documents.worldbank.org/curated/en/2016/07/26581810/effects-multilateral-support-infrastructure-ppp-contract-cancellation http://hdl.handle.net/10986/24832

id	okr-10986-24832
recordtype	oai_dc
spelling	okr-10986-248322021-04-23T14:04:27Z Effects of Multilateral Support on Infrastructure PPP Contract Cancellation Marcelo, Darwin House, Schuyler public-private partnership contract cancellation propensity score matching multilevel model multilateral support This paper examines the relationship between multilateral support and contract cancellation in long-term infrastructure public-private partnerships. The analysis draws on a large data set and employs a multi-level econometric model to define propensity scores and matching estimators to compare rates of cancellation between projects with multilateral support and a comparison group of public-private partnership projects without multilateral support. The results suggest that multilateral support has a positive effect on the survival of long-term public-private partnership infrastructure contracts. Whereas observed the data suggest that multilateral support has no effect on cancellation rates, a quasi-experimental approach shows that the cancellation rate for projects with multilateral (6 percent) would have been about 48 percent higher without support from multilateral development organizations. 2016-08-09T17:21:13Z 2016-08-09T17:21:13Z 2016-07 Working Paper http://documents.worldbank.org/curated/en/2016/07/26581810/effects-multilateral-support-infrastructure-ppp-contract-cancellation http://hdl.handle.net/10986/24832 English en_US Policy Research Working Paper;No. 7751 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	public-private partnership contract cancellation propensity score matching multilevel model multilateral support
spellingShingle	public-private partnership contract cancellation propensity score matching multilevel model multilateral support Marcelo, Darwin House, Schuyler Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
relation	Policy Research Working Paper;No. 7751
description	This paper examines the relationship between multilateral support and contract cancellation in long-term infrastructure public-private partnerships. The analysis draws on a large data set and employs a multi-level econometric model to define propensity scores and matching estimators to compare rates of cancellation between projects with multilateral support and a comparison group of public-private partnership projects without multilateral support. The results suggest that multilateral support has a positive effect on the survival of long-term public-private partnership infrastructure contracts. Whereas observed the data suggest that multilateral support has no effect on cancellation rates, a quasi-experimental approach shows that the cancellation rate for projects with multilateral (6 percent) would have been about 48 percent higher without support from multilateral development organizations.
format	Working Paper
author	Marcelo, Darwin House, Schuyler
author_facet	Marcelo, Darwin House, Schuyler
author_sort	Marcelo, Darwin
title	Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
title_short	Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
title_full	Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
title_fullStr	Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
title_full_unstemmed	Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
title_sort	effects of multilateral support on infrastructure ppp contract cancellation
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/07/26581810/effects-multilateral-support-infrastructure-ppp-contract-cancellation http://hdl.handle.net/10986/24832
_version_	1764457770997776384

Effects of Multilateral Support on Infrastructure PPP Contract Cancellation

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