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

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dc.contributor.authorJensen, Olivia
dc.contributor.authorBlanc-Brude, Frédéric
dc.date.accessioned2012-06-19T16:46:26Z
dc.date.available2012-06-19T16:46:26Z
dc.date.issued2006-06
dc.description.abstractThis 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/06/6830370/handshake-governments-firms-sign-private-sector-participation-deals-evidence-water-sanitation-sector-developing-countries
dc.identifier.doi10.1596/1813-9450-3937
dc.identifier.urihttps://hdl.handle.net/10986/8432
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3937
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABILITY-TO-PAY
dc.subjectBOOT
dc.subjectBOT
dc.subjectCAP REGULATION
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCOMPANY
dc.subjectCOMPETITIVE BIDDING
dc.subjectCONCESSION CONTRACTS
dc.subjectCONTRACT AWARD
dc.subjectCONTRACT ENFORCEABILITY
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATIONS
dc.subjectCOST OF EQUITY
dc.subjectDROUGHT
dc.subjectECONOMIC REGULATOR
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEXPROPRIATION
dc.subjectFINANCIAL VIABILITY
dc.subjectFIRMS
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectGOVERNANCE INDICATORS
dc.subjectINCOME
dc.subjectINDEPENDENT REGULATORY
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURE SECTORS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINVESTMENT COMMITMENTS
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectLATIN AMERICAN
dc.subjectLAW FIRMS
dc.subjectLOCAL INVESTORS
dc.subjectMAINTENANCE OF ASSETS
dc.subjectMUNICIPAL LEVEL
dc.subjectMUNICIPALITIES
dc.subjectPERFORMANCE DATA
dc.subjectPORTFOLIO
dc.subjectPOWER SECTORS
dc.subjectPRIVATE COMPANIES
dc.subjectPRIVATE FIRM
dc.subjectPRIVATE FIRMS
dc.subjectPRIVATE INFRASTRUCTURE
dc.subjectPRIVATE INFRASTRUCTURE INVESTMENT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE PARTICIPATION
dc.subjectPRIVATE PARTNER
dc.subjectPRIVATE PARTNERSHIPS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPRIVATE SECTOR INVESTMENT IN INFRASTRUCTURE
dc.subjectPRIVATE SECTOR INVOLVEMENT
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRIVATE SECTOR PARTICIPATION IN WATER
dc.subjectPRIVATE WATER
dc.subjectPRIVATE WATER COMPANIES
dc.subjectPRIVATIZATION
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISION OF WATER
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC OWNERSHIP
dc.subjectPUBLIC UTILITY
dc.subjectPUBLIC WATER
dc.subjectPUBLIC WATER UTILITIES
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectREGULATORS
dc.subjectREGULATORY AGENCIES
dc.subjectREGULATORY AGENCY
dc.subjectREGULATORY ARRANGEMENTS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REFORM
dc.subjectREGULATORY REGIME
dc.subjectREGULATORY RULES
dc.subjectREGULATORY VARIABLES
dc.subjectROE
dc.subjectSANITATION
dc.subjectSANITATION SECTOR
dc.subjectSANITATION SERVICES
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE IMPROVEMENTS
dc.subjectSERVICE PROVISION
dc.subjectSERVICE QUALITY
dc.subjectSEWERAGE SERVICES
dc.subjectSTATE ENTERPRISES
dc.subjectSTATEMENTS
dc.subjectSUPPLIERS
dc.subjectTAX REVENUES
dc.subjectUTILITIES
dc.subjectUTILITY SERVICE
dc.subjectWATER COMPANIES
dc.subjectWATER COVERAGE
dc.subjectWATER MARKET
dc.subjectWATER OPERATORS
dc.subjectWATER PROJECTS
dc.subjectWATER SECTOR
dc.subjectWATER SECTOR REFORM
dc.subjectWATER SERVICE
dc.subjectWATER SERVICE DELIVERY
dc.subjectWATER SERVICES
dc.subjectWATER SUPPLY
dc.subjectWATER UTILITIES
dc.subjectWATER UTILITY
dc.titleThe Handshake : Why Do Governments and Firms Sign Private Sector Participation Deals? Evidence from the Water and Sanitation Sector in Developing Countriesen
dspace.entity.typePublication
okr.crossref.titleThe Handshake : Why Do Governments And Firms Sign Private Sector Participation Deals ? Evidence From The Water And Sanitation Sector In Developing Countries
okr.date.doiregistration2025-04-10T09:22:04.744632Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2006/06/6830370/handshake-governments-firms-sign-private-sector-participation-deals-evidence-water-sanitation-sector-developing-countries
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeWater
okr.guid853701468316145907
okr.identifier.doi10.1596/1813-9450-3937
okr.identifier.externaldocumentum000016406_20060602090120
okr.identifier.internaldocumentum6830370
okr.identifier.reportWPS3937
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/06/02/000016406_20060602090120/Rendered/PDF/wps3937.pdfen
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicInfrastructure Economics and Finance::Infrastructure Regulation
okr.topicWater Supply and Sanitation::Town Water Supply and Sanitation
okr.topicWater Supply and Sanitation::Water Supply and Sanitation Governance and Institutions
okr.topicInfrastructure Economics and Finance::Private Participation in Infrastructure
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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