Publication: Effects of Multilateral Support on Infrastructure PPP Contract Cancellation
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Date
2016-07
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Published
2016-07
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Abstract
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.
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“Marcelo, Darwin; House, Schuyler. 2016. Effects of Multilateral Support on Infrastructure PPP Contract Cancellation. Policy Research Working Paper;No. 7751. © World Bank. http://hdl.handle.net/10986/24832 License: CC BY 3.0 IGO.”
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