There is a large literature on public-private-partnership, covering many different areas and aspects. This article deals with a specific but important aspect: the decision-making mechanisms to choose the management of PPP enterprises. In this sector, a suitable choice of managers is of particular importance because the persons chosen must balance the public and private interests. This is often difficult to achieve. Two new procedures are discussed, “Directed Random Choice” and “Rotating CEOs”. In each case, the advantages and disadvantages of the procedure of choosing the managers of PPP enterprises are discussed and evaluated. It is concluded that the two novel mechanisms should be seriously considered when choosing the managers of PPP enterprises.
{"title":"Novel procedures to choose the management of PPPs","authors":"B. Frey","doi":"10.24294/jipd.v3i2.1149","DOIUrl":"https://doi.org/10.24294/jipd.v3i2.1149","url":null,"abstract":"There is a large literature on public-private-partnership, covering many different areas and aspects. This article deals with a specific but important aspect: the decision-making mechanisms to choose the management of PPP enterprises. In this sector, a suitable choice of managers is of particular importance because the persons chosen must balance the public and private interests. This is often difficult to achieve. Two new procedures are discussed, “Directed Random Choice” and “Rotating CEOs”. In each case, the advantages and disadvantages of the procedure of choosing the managers of PPP enterprises are discussed and evaluated. It is concluded that the two novel mechanisms should be seriously considered when choosing the managers of PPP enterprises.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83897138","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Public-Private Partnerships (PPPs) are mostly presented as a means to introduce efficient procurement methods and better value for money to taxpayers. However, the complexity of the PPP mechanism, their lack of transparency, accounting rules and implicit liabilities make it often impossible to perceive the amount of public expenditure involved and the long-run impact on taxpayers, providing room for fiscal illusion, i.e., the illusion that PPPs are much less expensive than traditional public investments. This psaper, thanks to a systematic review of the literature on the EU countries experience, tries to unveil the sources of this illusion by looking at the reasons behind the PPPs’ choice, their real costs, and the sources of fiscal risks. The literature suggests that PPPs are more costly than public funding, especially when contingent liabilities are not taken into account, and are employed as mechanisms to circumvent budgetary restrictions and to spend off-balance. The paper concludes that the public sector should share more risks with private sectors by reducing the amount of guarantees, and should prevent governments from operating through a sleight of hand that deflects attention away from off-balance financing, by applying a neutral fiscal recording system.
{"title":"Public Private Partnership and fiscal illusion: A systematic review","authors":"A. Cepparulo, G. Eusepi, L. Giuriato","doi":"10.24294/jipd.v3i2.1157","DOIUrl":"https://doi.org/10.24294/jipd.v3i2.1157","url":null,"abstract":"Public-Private Partnerships (PPPs) are mostly presented as a means to introduce efficient procurement methods and better value for money to taxpayers. However, the complexity of the PPP mechanism, their lack of transparency, accounting rules and implicit liabilities make it often impossible to perceive the amount of public expenditure involved and the long-run impact on taxpayers, providing room for fiscal illusion, i.e., the illusion that PPPs are much less expensive than traditional public investments. This psaper, thanks to a systematic review of the literature on the EU countries experience, tries to unveil the sources of this illusion by looking at the reasons behind the PPPs’ choice, their real costs, and the sources of fiscal risks. The literature suggests that PPPs are more costly than public funding, especially when contingent liabilities are not taken into account, and are employed as mechanisms to circumvent budgetary restrictions and to spend off-balance. The paper concludes that the public sector should share more risks with private sectors by reducing the amount of guarantees, and should prevent governments from operating through a sleight of hand that deflects attention away from off-balance financing, by applying a neutral fiscal recording system.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91046604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.35224/kapd.2019.19.1.004
임정빈, 유재남
본 연구는 사회서비스 공공성 확대를 위한 사회서비스원 설립 찬반 입장 차이를 분석하고 이를 기초로 정책방안을 제시하고자 한다. 이를 위해 경기도 사회복지시설 및 기관 중에서 보육, 노인장기요양, 장애인활동보조, 정신보건서비스 분야의 종사자와 운영자를 대상으로 사회서비스원 설립과 관련하여 찬반입장 차이를 알아보기 위해 이항로지스틱 회귀분석을 실시하였다....
{"title":"사회서비스 공공성 확대를 위한 사회서비스원 설립 인식차이 분석 -경기도를 중심으로-","authors":"임정빈, 유재남","doi":"10.35224/kapd.2019.19.1.004","DOIUrl":"https://doi.org/10.35224/kapd.2019.19.1.004","url":null,"abstract":"본 연구는 사회서비스 공공성 확대를 위한 사회서비스원 설립 찬반 입장 차이를 분석하고 이를 기초로 정책방안을 제시하고자 한다. 이를 위해 경기도 사회복지시설 및 기관 중에서 보육, 노인장기요양, 장애인활동보조, 정신보건서비스 분야의 종사자와 운영자를 대상으로 사회서비스원 설립과 관련하여 찬반입장 차이를 알아보기 위해 이항로지스틱 회귀분석을 실시하였다....","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85098483","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, which often entail lending to sovereign borrowers, then BRI raises the risk of debt distress in some borrower countries. This paper assesses the likelihood of debt problems in the 68 countries identified as potential BRI borrowers. We conclude that eight countries are at particular risk of debt distress based on an identified pipeline of project lending associated with BRI.Because this indebtedness also suggests a higher concentration in debt owed to official and quasi-official Chinese creditors, we examine Chinese policies and practices related to sustainable financing and the management of debt problems in borrower countries. Based on this evidence, we offer recommendations to improve Chinese policy in these areas. The recommendations are offered to Chinese policymakers directly, as well as to BRI’s bilateral and multilateral partners, including the IMF and World Bank.
{"title":"Examining the debt implications of the Belt and Road Initiative from a policy perspective","authors":"J. Hurley, Scott A. Morris, Gailyn Portelance","doi":"10.24294/JIPD.V3I1.1123","DOIUrl":"https://doi.org/10.24294/JIPD.V3I1.1123","url":null,"abstract":"China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, which often entail lending to sovereign borrowers, then BRI raises the risk of debt distress in some borrower countries. This paper assesses the likelihood of debt problems in the 68 countries identified as potential BRI borrowers. We conclude that eight countries are at particular risk of debt distress based on an identified pipeline of project lending associated with BRI.Because this indebtedness also suggests a higher concentration in debt owed to official and quasi-official Chinese creditors, we examine Chinese policies and practices related to sustainable financing and the management of debt problems in borrower countries. Based on this evidence, we offer recommendations to improve Chinese policy in these areas. The recommendations are offered to Chinese policymakers directly, as well as to BRI’s bilateral and multilateral partners, including the IMF and World Bank. ","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89803435","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Japan’s investment in the domestic construction industry has fallen to less than half its peak in 1992. Given the country’s declining population, Japanese construction companies must go global to remain profitable. To what extent the Japanese government and Japanese companies can contribute to meeting the growing infrastructure needs in the region is unclear as Japanese companies have long been operating primarily in Japan. The Japanese government has in recent years passed a series of new laws that encourage private sector participation in financing, building and operating public infrastructure. Through involvement in such public projects, Japanese companies have developed the skills and technologies to build a variety of infrastructures that are resilient to natural disasters and adaptable to various geographical conditions and social and economic development. But the major challenge for Japanese companies is to transform their business model drastically from one that relies on the domestic market to one that contributes to the social and economic development of third countries.
{"title":"Japanese infrastructure investment in Southeast Asia","authors":"T. Kikuchi, Sayaka Unzaki","doi":"10.24294/JIPD.V3I1.1116","DOIUrl":"https://doi.org/10.24294/JIPD.V3I1.1116","url":null,"abstract":"Japan’s investment in the domestic construction industry has fallen to less than half its peak in 1992. Given the country’s declining population, Japanese construction companies must go global to remain profitable. To what extent the Japanese government and Japanese companies can contribute to meeting the growing infrastructure needs in the region is unclear as Japanese companies have long been operating primarily in Japan. The Japanese government has in recent years passed a series of new laws that encourage private sector participation in financing, building and operating public infrastructure. Through involvement in such public projects, Japanese companies have developed the skills and technologies to build a variety of infrastructures that are resilient to natural disasters and adaptable to various geographical conditions and social and economic development. But the major challenge for Japanese companies is to transform their business model drastically from one that relies on the domestic market to one that contributes to the social and economic development of third countries.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82980843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-01DOI: 10.35224/kapd.2019.19.1.003
Lee Dong Hun, 이수태
{"title":"배(Pear) 수출가격에 미치는 환율의 비대칭적 전이효과 분석 -자기회귀시차모형 활용-","authors":"Lee Dong Hun, 이수태","doi":"10.35224/kapd.2019.19.1.003","DOIUrl":"https://doi.org/10.35224/kapd.2019.19.1.003","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81113430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-01DOI: 10.35224/kapd.2019.19.1.002
KIM JONGCHUL
{"title":"우리나라 석유화학산업단지의 경쟁력 강화를 위한 산업정책 방향 연구 - 울산지역 파이프랙 구축 지연 원인과 정책대안을 중심으로 -","authors":"KIM JONGCHUL","doi":"10.35224/kapd.2019.19.1.002","DOIUrl":"https://doi.org/10.35224/kapd.2019.19.1.002","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89264807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-01DOI: 10.35224/kapd.2019.19.1.007
Seon-Hwan Kim, SiKyung Lee
{"title":"감정노동과 조직효과성 간 조직지원인식의 조절효과에 관한 연구 - 대구시 경찰공무원을 중심으로","authors":"Seon-Hwan Kim, SiKyung Lee","doi":"10.35224/kapd.2019.19.1.007","DOIUrl":"https://doi.org/10.35224/kapd.2019.19.1.007","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85983404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Embassies are important buildings, involving the diplomatic image of a country’s government in another foreign country. Given the rising tensions between countries, either political, economic, religion or war, attacks on embassies have been increasing in recent years. Thus, it is evident that appropriate measures are to be taken to reduce the potential impact of an attack. The paper discusses the measures in enhancing building security of embassies. The principles for Security Planning and Design are discussed, followed by an introduction to a systematic security risk assessment framework. The framework is evaluated regarding the potential security risk posed by an attack against elements of the mega infrastructure using explosives. Further options to increase the security of embassies are also explored to reduce the risk of a potential attack. A security-enhanced building, planned and constructed well to specifications, can provide benefits to the client, including greater cost advantage and increase of value for the structure.
{"title":"Enhancing building security for embassies along the Maritime Silk Road against terrorist attacks","authors":"Chunlin Liu, J. Quek","doi":"10.24294/JIPD.V3I1.1118","DOIUrl":"https://doi.org/10.24294/JIPD.V3I1.1118","url":null,"abstract":"Embassies are important buildings, involving the diplomatic image of a country’s government in another foreign country. Given the rising tensions between countries, either political, economic, religion or war, attacks on embassies have been increasing in recent years. Thus, it is evident that appropriate measures are to be taken to reduce the potential impact of an attack. The paper discusses the measures in enhancing building security of embassies. The principles for Security Planning and Design are discussed, followed by an introduction to a systematic security risk assessment framework. The framework is evaluated regarding the potential security risk posed by an attack against elements of the mega infrastructure using explosives. Further options to increase the security of embassies are also explored to reduce the risk of a potential attack. A security-enhanced building, planned and constructed well to specifications, can provide benefits to the client, including greater cost advantage and increase of value for the structure.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80156843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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