scholarly journals Funding and financing infrastructure: The joint-use of public and private finance

2021 ◽  
Vol 150 ◽  
pp. 102629
Author(s):  
Marianne Fay ◽  
David Martimort ◽  
Stéphane Straub
TEME ◽  
2021 ◽  
pp. 367
Author(s):  
Aleksandar Đorđević ◽  
Biljana Rakić

Public-private partnership (PPP) has been getting momentum in market economies since the 1990s. Originally, it was created as a way of financing infrastructure projects, but its application since then has covered areas such as education, healthcare, high technology and many others. As the bulk of research in the domain of PPP is on the microeconomic impact and the analysis of the success of concrete PPP projects, the aim of this paper is to integrate these findings into a broader framework depicting macroeconomic aspects of public-private partnership. The existing literature, although not as extensive, points to several aspects that may affect economic development on the local, regional, and national levels, with greater adoption of PPP projects and their implementation. The paper introduces explanations for the elements of risk sharing between public and private partners, economic benefits, and costs in PPP, as well as the specific PPP channels of influence on the national economy and the PPP system dynamic model. One of the objectives is the analysis of the existing concept for estimating macroeconomic impacts of PPP, which could be used for evaluating its potential contribution to the growth and development of the national economy. 


Author(s):  
Marco Venuti

The third issue of the journal Risk Governance and Control: Financial Markets and Institutions provides contributions to the exploration of subjects related to public and private finance and the functioning and investment techniques of financial markets. These are all topical issues that may give rise to further research in order to understand better how countries, markets and companies are facing the challenges due to the Covid-19.


1960 ◽  
Vol 20 (2) ◽  
pp. 161-186 ◽  
Author(s):  
Richard B. Sheridan

Few stones have remained unturned in an effort to reconstruct Anglo-American history in the critical years from the Treaty of Paris in 1763 to the outbreak of the Revolution in 1775. Much has been learned by investigating such problems as public finance, colonial administration, and mercantile policy within the context of an expanded British empire. It is not always realized, however, that by the Treaty of 1763 Great Britain acquired new fields for capital investment as well as vast new lands to govern. In addition to taxation and public expenditure, such problems were raised as capital recruitment and allocation, the modification of financial institutions, and the adjustment of debtor-creditor relationships. Though distinct in certain respects, public and private finance impinged upon each other in the period from 1763 to 1775. This was especially the case after the British credit crisis of 1772, when, in addition to the controversy over tea, debtor-creditor relations between the thirteen colonies and the mother country underwent marked deterioration.


Author(s):  
V. Varnavskii

The author analyzes the current management and financing system reforming of the state-owned infrastructure or infrastructure under the state control in Great Britain. The article gives an assessment of current state of infrastructure in the country. The reasons for termination of Private Finance Initiative (PFI) are also revealed. The author is trying to prove that Public Private Partnership remains a predominant form of drawing private investments into infrastructure development.


2021 ◽  
Author(s):  
Jonathan D. Danladi. ◽  
Motunrayo Helen Falaye ◽  
NELLIEKEN ATTAH OCHINKE

Abstract The study “The Effects of Agricultural Finance on Agricultural Productivity in Nigeria” investigated the effect of agricultural financing, both public and private on the outputs of two main sectors of agriculture: crop production and livestock production. The objectives of the study are to examine the long and short run relationship of agricultural financing on crop production and livestock production, and to examine the causal relationship between agricultural finance and agricultural productivity. To achieve these objectives, the study employed two models, each using ARDL Test, Bounds Test, and Granger causality test using time series data from 1981 to 2019.Data were obtained from CBN and World Bank data bases. Dependent variables were Crop Production and Livestock Production respectively and independent variables were Public Finance, Commercial Bank Credit to Agriculture, Inflation Rate and Interest Rate. The model was tested using descriptive statistics to analyse the significance of the relationship between the dependent and independent variables. The results show that both public and private finance were positive but insignificant in the short run. In the long run, public finance remained insignificant whereas private finance was positive and significant. Thus, private financing is more effective at improving agricultural productivity than public finance. The study also revealed a negative long run relationship between interest rate and the outputs of crop and livestock production during the period. It is therefore recommended that the government encourages private investment in agricultural activity, and puts measures in place to curb corruption and embezzlement. Government should also ensure that credit facilities are provided to farmers at low interest rate to reduce it detrimental influences.


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