Using public–private partnerships for political reasons: the Government’s motivation and conditions
研究政府为何出于政治动机而非经济价值使用公私合作伙伴关系,通过美国州级数据分析政治和财政变量与PPP启动的关联,并发现法律框架削弱了这种关联。
Why does government use Public–Private Partnerships (PPPs)? Besides their economic values, we argue PPPs are used for political reasons. Employing a political agency framework, we explain how politicians use PPPs to appear competent and extract rents, and under what conditions these political potentials are attractive and accessible to politicians. By analysing U.S. state-level data, we reveal some political and fiscal variables that are associated with PPP initiations and uncover state PPP legal framework diminishes the associations. By echoing literature on public administration, political economy and state politics, our research responds to the call to study the political natures of PPPs.