scholarly journals Tripartite Risk Game Analysis on Public Private Partnership Projects of High-Speed Rail from the Perspective of Bank

2020 ◽  
Vol 10 (5) ◽  
pp. 617-623
Author(s):  
Xing Yang ◽  
Kehu Tan
Keyword(s):  
Risk Sharing ◽  
High Speed ◽  
Evaluation Method ◽  
Risk Preference ◽  
Public Private Partnership ◽  
Evaluation Index System ◽  
Deterrent Effect ◽  
Fuzzy Evaluation ◽  
High Speed Rail ◽  
Private Partnership

The bank is a leading funder and a primary risk bearer in public private partnership (PPP) projects of high-speed rail (HSR). This paper explores the risk sharing of HSR PPP projects among three parties: the public sector, the private sector, and the bank. From the perspective of the bank, a comprehensive risk evaluation index system (EIS) was established, involving 37 risk factors in 4 stages. Meanwhile, the fuzzy evaluation method was used to calculate the center of gravity (COG) values. On this basis, a tripartite static game model was established based on risk preference. Then, the equilibrium point set of risk sharing was summarized by analyzing the payment matrix of the game. The results show that the bank-oriented comprehensive EIS for the risks in HSR PPP projects can effectively reduce the bank’s capital risk, and the reasonable risk sharing among the three parties is greatly affected by the game mechanism based on risk preference and deterrent effect.

scholarly journals MACROECONOMIC ASPECTS OF PUBLIC-PRIVATE PARTNERSHIP

TEME ◽  
2021 ◽  
pp. 367
Author(s):  
Aleksandar Đorđević ◽  
Biljana Rakić
Keyword(s):  
National Economy ◽  
Risk Sharing ◽  
Economic Benefits ◽  
Public Private Partnership ◽  
Potential Contribution ◽  
Public And Private ◽  
Private Partnership ◽  
Macroeconomic Impacts ◽  
Financing Infrastructure ◽  
Benefits And Costs

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. 

Using of PPP mechanisms in rural social sphere: domestic and foreign experience

2020 ◽  
pp. 46-54
Author(s):  
Elena Ivanovna Semenova ◽  
Vladimir Gennadievich Novikov
Keyword(s):  
Rural Areas ◽  
Risk Sharing ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Minimum Income ◽  
Social Sphere ◽  
The Social ◽  
Wear And Tear ◽  
High Degree ◽  
Guaranteed Minimum Income

The article shows the importance of using the public-private partnership mechanism for the development of the social sphere of the village. Review of PPP implementation by countries G20 showed different legal approaches in PPP implementation, parallel use and concessions, and agreements, application of guaranteed minimum income and risk sharing among participants, use of different PPP support measures. The presented results of the questionnaire indicate the largest use of PPPs in housing and communal services — 272 projects (81.68 %), which is due to the high degree of wear and tear in water and heat supply, in education — 22 projects (6.61 %), mainly the construction of preschool institutions, school repairs, in the field of sports and tourism 14 projects (4.2 %) — the construction of sports grounds and stadiums, sports centers, 10 projects (3 %). Public-private partnership projects in the social sphere of rural areas are less marginal, their financing is associated with significant difficulties due to the heterogeneity of demand, the difficulty of forecasting consumer demand and assessing social effect. The development of public-private partnerships is constrained by the lack of necessary budget funds to ensure the minimum guaranteed income of a private partner, the duration and complexity of maintaining procedures.

scholarly journals The Impact of High-Speed Rail on the Service-Sector Agglomeration in China

2019 ◽  
Vol 11 (7) ◽  
pp. 2128 ◽  
Author(s):  
Meng Tian ◽  
Tongping Li ◽  
Shuwang Yang ◽  
Yiwei Wang ◽  
Shuke Fu
Keyword(s):  
High Speed ◽  
Service Sector ◽  
Evaluation Method ◽  
Spillover Effect ◽  
Economic Activities ◽  
High Speed Rail ◽  
Level Data ◽  
Regional Sustainable Development ◽  
Data Program ◽  
The Impact

High-speed rail (HSR) can potentially influence various economic activities across space. Estimating the impacts of HSR on service-sector agglomeration (SSA) was proven to be difficult but meaningful. In this paper, prefectural-level data from 1998 to 2016 and a panel data program evaluation method are employed to evaluate the effect of the Wuhan–Guangzhou HSR (WGHSR) on the SSA along the route. In this way, we construct hypothetical counterfactuals for SSA index of the WGHSR cities in the absence of the HSR projects using the SSA index in selected non-HSR cities. By comparing the counterfactual index and the actual index, the evaluation of the WGHSR’s impact on the SSA along the route can be obtained. The results show that: (a) the WGHSR has increased the SSA by 9.44% on average for cities along the WGHSR, and (b) the impacts of the WGHSR on the SSA are heterogeneous. The WGHSR has brought about both spillover effect and “siphon” effect. In addition, whether the HSR influences and how much it could influence the SSA requires other supplementary conditions to be met. As a national strategy in China, the construction plan of HSR should fully consider its heterogeneity of impact on regional development. Policies should be formulated to drive the HSR’s spillover effect to promote regional sustainable development.

Passengers Organization Fuzzy Comprehensive Evaluation Analysis of Beijing South Railway Station

2014 ◽  
Vol 587-589 ◽  
pp. 2257-2260
Author(s):  
Tian He Niu ◽  
Xi Zhang
Keyword(s):  
High Speed ◽  
Evaluation Method ◽  
Comprehensive Evaluation ◽  
Flow Line ◽  
Fuzzy Comprehensive Evaluation ◽  
Evaluation Index System ◽  
Target System ◽  
Railway Station ◽  
Passenger Flow ◽  
Urban City

Integrated transport hub is an important component of integrated transport system. The high-speed rail passenger terminal is the center of external transport and urban city traffic; public and private transport and convert a variety of other passenger transportation. This paper by analyzing Transport passenger flow line organizations in the status, it was confirmed the main factors that affected the transport passenger flow line organizations, then set up the evaluation index system of the major city passenger flow line organizations, and using the AHP to determine the target system in all levels of the weight factors. On this basis, by using fuzzy comprehensive evaluation method, it was assessed the transport passenger flow line organizations of Beijing South Railway Station.

scholarly journals PRINSIP PROPORSIONALITAS DAN GOVERNANCE TERHADAP ALOKASI DAN TRANSFER RISIKO DALAM SKEMA KERJASAMA PUBLIC-PRIVATE PARTNERSHIP (PPP)

Yuridika ◽  
2017 ◽  
Vol 32 (3) ◽  
pp. 541
Author(s):  
Yuniarti Yuniarti ◽  
Fifi Junita
Keyword(s):  
Risk Sharing ◽  
Public Private Partnership ◽  
Government Support ◽  
Risk Allocation ◽  
Infrastructure Development ◽  
Transfer Scheme ◽  
Private Partnership ◽  
Force Majeure ◽  
The Government ◽  
High Level

The high level of Foreign Direct Investment (FDI) is also supported by the availability of infrastructure to the remote area where the investment will be implemented. However, with limited funds from both APBN and APBD, infrastructure development can not be fully done by the government. Therefore, the government will cooperate with the investor (private) in the implementation of infrastructure development known as public private partnership. The main problem in implementing PPP is the allocation of risk to PPP projects. The different bargaining positions between the government and the private sector resulted in the fact that most of them impose risks on private parties (private). Implementation of PPP is closely related to the emergence of various risks including and not limited to regulatory risks, force majeure, etc. If there is no risk allocation arrangement proportionally based on governance principles, it weakens the pattern of PPP cooperation in Indonesia. PPP as one form of risk sharing in infrastructure investment should not release the role and government support to private parties / investors. Even in practice, PPP implementation in Indonesia only relies on BOT (Build Operate and Transfer) scheme which is expected to minimize government support in project implementation. This will ultimately lead to project failure.

scholarly journals Logistics Informatization of Industrial Enterprises Based on Big Data and Its Application in Industrial Supply Chain Management

CONVERTER ◽  
2021 ◽  
pp. 693-701
Author(s):  
Ke Wang
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Evaluation Method ◽  
Evaluation Model ◽  
Evaluation Index System ◽  
Fuzzy Evaluation ◽  
Digital Information ◽  
Chain Management ◽  
Industrial Enterprises

In the current digital information age, logistics is no longer the isolated transportation and storage of enterprises, nor is it the appendage of enterprise production and sales. This paper studies the logistics informatization of industrial enterprises and its application in industrial supply chain management under the background of big data. By analyzing the formation mechanism and covering modules of logistics informatization, this paper constructs the evaluation index system of logistics enterprise informatization. Based on the fuzzy evaluation method and the specific data of logistics information modernization of Chinese enterprises, this paper gives an application example of the evaluation model. Finally, this paper puts forward a reasonable analysis of the information construction of China's logistics enterprises in the future. The results show that this method can improve the efficiency of logistics informatization and supply chain management of industrial enterprises, and has certain reference significance for the research of logistics intelligence of industrial enterprises.

Sign in / Sign up

Export Citation Format

Share Document