The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries

This paper uses a new dataset, "WATSAN," of private sector participation (PSP) projects for water and sanitation in developing countries to examine the determinants of the number of projects signed for each country between 1990 and 2004. The new dataset improves on existing sources, in par...

Full description

Bibliographic Details
Main Authors:	Jensen, Olivia, Blanc-Brude, Frédéric
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ABILITY-TO-PAY BOOT BOT CAP REGULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS COMPANY COMPETITIVE BIDDING CONCESSION CONTRACTS CONTRACT AWARD CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATIONS COST OF EQUITY DROUGHT ECONOMIC REGULATOR EMPIRICAL ANALYSIS EXPROPRIATION FINANCIAL VIABILITY FIRMS FOREIGN COMPANIES FOREIGN INVESTMENT FOREIGN INVESTORS GOVERNANCE INDICATORS INCOME INDEPENDENT REGULATORY INFRASTRUCTURE PROJECTS INFRASTRUCTURE SECTORS INTERNATIONAL INVESTORS INVESTMENT COMMITMENTS INVESTMENT PROJECTS INVESTMENT REQUIREMENTS LATIN AMERICAN LAW FIRMS LOCAL INVESTORS MAINTENANCE OF ASSETS MUNICIPAL LEVEL MUNICIPALITIES PERFORMANCE DATA PORTFOLIO POWER SECTORS PRIVATE COMPANIES PRIVATE FIRM PRIVATE FIRMS PRIVATE INFRASTRUCTURE PRIVATE INFRASTRUCTURE INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTICIPATION PRIVATE PARTNER PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVESTMENT IN INFRASTRUCTURE PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATE SECTOR PARTICIPATION IN WATER PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PROPERTY RIGHTS PROVISION OF WATER PUBLIC INVESTMENT PUBLIC OWNERSHIP PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES PUBLIC-PRIVATE PARTNERSHIPS REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY ARRANGEMENTS REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REGIME REGULATORY RULES REGULATORY VARIABLES ROE SANITATION SANITATION SECTOR SANITATION SERVICES SERVICE DELIVERY SERVICE IMPROVEMENTS SERVICE PROVISION SERVICE QUALITY SEWERAGE SERVICES STATE ENTERPRISES STATEMENTS SUPPLIERS TAX REVENUES UTILITIES UTILITY SERVICE WATER COMPANIES WATER COVERAGE WATER MARKET WATER OPERATORS WATER PROJECTS WATER SECTOR WATER SECTOR REFORM WATER SERVICE WATER SERVICE DELIVERY WATER SERVICES WATER SUPPLY WATER UTILITIES WATER UTILITY
Online Access:	http://documents.worldbank.org/curated/en/2006/06/6830370/handshake-governments-firms-sign-private-sector-participation-deals-evidence-water-sanitation-sector-developing-countries http://hdl.handle.net/10986/8432

id	okr-10986-8432
recordtype	oai_dc
spelling	okr-10986-84322021-04-23T14:02:41Z The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries Jensen, Olivia Blanc-Brude, Frédéric ABILITY-TO-PAY BOOT BOT CAP REGULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS COMPANY COMPETITIVE BIDDING CONCESSION CONTRACTS CONTRACT AWARD CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATIONS COST OF EQUITY DROUGHT ECONOMIC REGULATOR EMPIRICAL ANALYSIS EXPROPRIATION FINANCIAL VIABILITY FIRMS FOREIGN COMPANIES FOREIGN INVESTMENT FOREIGN INVESTORS GOVERNANCE INDICATORS INCOME INDEPENDENT REGULATORY INFRASTRUCTURE PROJECTS INFRASTRUCTURE SECTORS INTERNATIONAL INVESTORS INVESTMENT COMMITMENTS INVESTMENT PROJECTS INVESTMENT REQUIREMENTS LATIN AMERICAN LAW FIRMS LOCAL INVESTORS MAINTENANCE OF ASSETS MUNICIPAL LEVEL MUNICIPALITIES PERFORMANCE DATA PORTFOLIO POWER SECTORS PRIVATE COMPANIES PRIVATE FIRM PRIVATE FIRMS PRIVATE INFRASTRUCTURE PRIVATE INFRASTRUCTURE INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTICIPATION PRIVATE PARTNER PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVESTMENT IN INFRASTRUCTURE PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATE SECTOR PARTICIPATION IN WATER PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PROPERTY RIGHTS PROVISION OF WATER PUBLIC INVESTMENT PUBLIC OWNERSHIP PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES PUBLIC-PRIVATE PARTNERSHIPS REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY ARRANGEMENTS REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REGIME REGULATORY RULES REGULATORY VARIABLES ROE SANITATION SANITATION SECTOR SANITATION SERVICES SERVICE DELIVERY SERVICE IMPROVEMENTS SERVICE PROVISION SERVICE QUALITY SEWERAGE SERVICES STATE ENTERPRISES STATEMENTS SUPPLIERS TAX REVENUES UTILITIES UTILITY SERVICE WATER COMPANIES WATER COVERAGE WATER MARKET WATER OPERATORS WATER PROJECTS WATER SECTOR WATER SECTOR REFORM WATER SERVICE WATER SERVICE DELIVERY WATER SERVICES WATER SUPPLY WATER UTILITIES WATER UTILITY This paper uses a new dataset, "WATSAN," of private sector participation (PSP) projects for water and sanitation in developing countries to examine the determinants of the number of projects signed for each country between 1990 and 2004. The new dataset improves on existing sources, in particular in its coverage of projects with local investors, and provides adequate data for cross-country regression analysis. The authors use a negative binomial regression model to investigate the factors influencing the number of PSP projects in a sample of 60 developing countries with 460 PSP projects. The regression results provide support for the hypotheses that PSP is greater in larger markets where the ability to pay is higher and where governments are fiscally constrained. The authors test several indicators of institutional quality and find that these are generally significant in determining the number of projects signed for each country. Measures of the protection of property rights and the quality of the bureaucracy emerge as the most important institutions that encourage PSP. Rule of law and the control of corruption are significant, albeit at a lower level, while the quality of contract law and political stability are not robustly significant. 2012-06-19T16:46:26Z 2012-06-19T16:46:26Z 2006-06 http://documents.worldbank.org/curated/en/2006/06/6830370/handshake-governments-firms-sign-private-sector-participation-deals-evidence-water-sanitation-sector-developing-countries http://hdl.handle.net/10986/8432 English Policy Research Working Paper; No. 3937 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ABILITY-TO-PAY BOOT BOT CAP REGULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS COMPANY COMPETITIVE BIDDING CONCESSION CONTRACTS CONTRACT AWARD CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATIONS COST OF EQUITY DROUGHT ECONOMIC REGULATOR EMPIRICAL ANALYSIS EXPROPRIATION FINANCIAL VIABILITY FIRMS FOREIGN COMPANIES FOREIGN INVESTMENT FOREIGN INVESTORS GOVERNANCE INDICATORS INCOME INDEPENDENT REGULATORY INFRASTRUCTURE PROJECTS INFRASTRUCTURE SECTORS INTERNATIONAL INVESTORS INVESTMENT COMMITMENTS INVESTMENT PROJECTS INVESTMENT REQUIREMENTS LATIN AMERICAN LAW FIRMS LOCAL INVESTORS MAINTENANCE OF ASSETS MUNICIPAL LEVEL MUNICIPALITIES PERFORMANCE DATA PORTFOLIO POWER SECTORS PRIVATE COMPANIES PRIVATE FIRM PRIVATE FIRMS PRIVATE INFRASTRUCTURE PRIVATE INFRASTRUCTURE INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTICIPATION PRIVATE PARTNER PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVESTMENT IN INFRASTRUCTURE PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATE SECTOR PARTICIPATION IN WATER PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PROPERTY RIGHTS PROVISION OF WATER PUBLIC INVESTMENT PUBLIC OWNERSHIP PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES PUBLIC-PRIVATE PARTNERSHIPS REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY ARRANGEMENTS REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REGIME REGULATORY RULES REGULATORY VARIABLES ROE SANITATION SANITATION SECTOR SANITATION SERVICES SERVICE DELIVERY SERVICE IMPROVEMENTS SERVICE PROVISION SERVICE QUALITY SEWERAGE SERVICES STATE ENTERPRISES STATEMENTS SUPPLIERS TAX REVENUES UTILITIES UTILITY SERVICE WATER COMPANIES WATER COVERAGE WATER MARKET WATER OPERATORS WATER PROJECTS WATER SECTOR WATER SECTOR REFORM WATER SERVICE WATER SERVICE DELIVERY WATER SERVICES WATER SUPPLY WATER UTILITIES WATER UTILITY
spellingShingle	ABILITY-TO-PAY BOOT BOT CAP REGULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS COMPANY COMPETITIVE BIDDING CONCESSION CONTRACTS CONTRACT AWARD CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATIONS COST OF EQUITY DROUGHT ECONOMIC REGULATOR EMPIRICAL ANALYSIS EXPROPRIATION FINANCIAL VIABILITY FIRMS FOREIGN COMPANIES FOREIGN INVESTMENT FOREIGN INVESTORS GOVERNANCE INDICATORS INCOME INDEPENDENT REGULATORY INFRASTRUCTURE PROJECTS INFRASTRUCTURE SECTORS INTERNATIONAL INVESTORS INVESTMENT COMMITMENTS INVESTMENT PROJECTS INVESTMENT REQUIREMENTS LATIN AMERICAN LAW FIRMS LOCAL INVESTORS MAINTENANCE OF ASSETS MUNICIPAL LEVEL MUNICIPALITIES PERFORMANCE DATA PORTFOLIO POWER SECTORS PRIVATE COMPANIES PRIVATE FIRM PRIVATE FIRMS PRIVATE INFRASTRUCTURE PRIVATE INFRASTRUCTURE INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTICIPATION PRIVATE PARTNER PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVESTMENT IN INFRASTRUCTURE PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATE SECTOR PARTICIPATION IN WATER PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PROPERTY RIGHTS PROVISION OF WATER PUBLIC INVESTMENT PUBLIC OWNERSHIP PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES PUBLIC-PRIVATE PARTNERSHIPS REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY ARRANGEMENTS REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REGIME REGULATORY RULES REGULATORY VARIABLES ROE SANITATION SANITATION SECTOR SANITATION SERVICES SERVICE DELIVERY SERVICE IMPROVEMENTS SERVICE PROVISION SERVICE QUALITY SEWERAGE SERVICES STATE ENTERPRISES STATEMENTS SUPPLIERS TAX REVENUES UTILITIES UTILITY SERVICE WATER COMPANIES WATER COVERAGE WATER MARKET WATER OPERATORS WATER PROJECTS WATER SECTOR WATER SECTOR REFORM WATER SERVICE WATER SERVICE DELIVERY WATER SERVICES WATER SUPPLY WATER UTILITIES WATER UTILITY Jensen, Olivia Blanc-Brude, Frédéric The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries
relation	Policy Research Working Paper; No. 3937
description	This paper uses a new dataset, "WATSAN," of private sector participation (PSP) projects for water and sanitation in developing countries to examine the determinants of the number of projects signed for each country between 1990 and 2004. The new dataset improves on existing sources, in particular in its coverage of projects with local investors, and provides adequate data for cross-country regression analysis. The authors use a negative binomial regression model to investigate the factors influencing the number of PSP projects in a sample of 60 developing countries with 460 PSP projects. The regression results provide support for the hypotheses that PSP is greater in larger markets where the ability to pay is higher and where governments are fiscally constrained. The authors test several indicators of institutional quality and find that these are generally significant in determining the number of projects signed for each country. Measures of the protection of property rights and the quality of the bureaucracy emerge as the most important institutions that encourage PSP. Rule of law and the control of corruption are significant, albeit at a lower level, while the quality of contract law and political stability are not robustly significant.
format	Publications & Research :: Policy Research Working Paper
author	Jensen, Olivia Blanc-Brude, Frédéric
author_facet	Jensen, Olivia Blanc-Brude, Frédéric
author_sort	Jensen, Olivia
title	The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries
title_short	The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries
title_full	The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries
title_fullStr	The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries
title_full_unstemmed	The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries
title_sort	handshake : why do governments and firms sign private sector participation deals? evidence from the water and sanitation sector in developing countries
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/06/6830370/handshake-governments-firms-sign-private-sector-participation-deals-evidence-water-sanitation-sector-developing-countries http://hdl.handle.net/10986/8432
_version_	1764406268020129792

The Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countries

Similar Items