application in infrastructure development in China Institutional analysis and implications

application in infrastructure development in China Institutional analysis and implications

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时间:2019-07-07

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1、Availableonlineatwww.sciencedirect.comScienceDirectInternationalJournalofProjectManagement33(2015)497–509www.elsevier.com/locate/ijpromanPPPapplicationininfrastructuredevelopmentinChina:InstitutionalanalysisandimplicationsShuiboZhang⁎,YingGao,ZhuoFeng,WeizhuoSunCollegeofManage

2、mentandEconomics,TianjinUniversity,TianjinCity,ChinaReceived16December2013;receivedinrevisedform8June2014;accepted12June2014Availableonline2July2014AbstractPublic–privatepartnership(PPP)hasbeenappliedmoreandmorewidelyforthepasttwodecades.Questionsstillremainastohowtocultivatea

3、facilitatinginstitutionalenvironmentfordevelopingPPPprojectssuccess.Thispaperexaminessuchaquestion,focusingontheinstitutionalanalysisoftheChinesecontext.AtheoreticalframeworkofPPPgovernanceisfirstdeveloped,identifyingthelogicsandinteractionsofthedifferentiatinglevelsinthePPPsys

4、tem.Then,theinstitutionalframeworkofChinaispresentedwithregardtoitscultural,legal,andadministrativecharacteristics,astheembeddednessofPPPdevelopment.Thereafter,theevolutionofChineseinstitutionswithparticularregardtoPPPisanalyzed.Findingsshowthatchangesintheinstitutionalarrange

5、mentshavetogointandemwithintroductionofPPP,andperformanceofPPPiscloselyrelatedwithitsinstitutionalenvironment.SuggestionsareputforwardtoenhanceChina’sinstitutionalarrangementsforhealthyPPPpromotion,andtheimplicationsforgovernmentsandinvestorsinothercountriesaredescribed.©2014E

6、lsevierLtd.APMandIPMA.Allrightsreserved.Keywords:Public–privatepartnership;Infrastructure;Institutionalarrangements;China1.Introductionthemostsignificant,worldwidetrendinthepublicsector(GarvinandBosso,2008;KochandBuser,2006),andgoodInfrastructureisconsideredtobe“lifesupporting

7、services”governanceisanimportantfactorforthesuccessofPPP(NoelandBrzeski,2005)andhaslongbeenundertheprojectsintermsofdevelopingsoundeconomicpolicyandmonopolyofgovernment.However,insufficientinfrastructureadministratingprojects(Lietal.,2005).hasbeenaproblemforalmostallcountries;

8、thisproblemisOverthepasttwodecades,theChinesegovernmenthasexa

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