Next Article in Journal
A Study of Integrative Bargaining Model with Argumentation-Based Negotiation
Previous Article in Journal
Estimating the Leaf Area Index of Winter Wheat Based on Unmanned Aerial Vehicle RGB-Image Parameters
 
 
Search for Articles:
Title / Keyword
Author / Affiliation / Email
Journal
Article Type
 
 
Advanced Search
 
Section
Special Issue
Volume
Issue
Number
Page
 
Journals
Sustainability
Volume 11
Issue 23
10.3390/su11236831
sustainability-logo
Submit to this Journal Review for this Journal Propose a Special Issue
► Article Menu

Article Menu

share Share announcement Help format_quote Cite question_answer Discuss in SciProfiles
first_page
settings
Order Article Reprints
Font Type:
Arial Georgia Verdana
Font Size:
Aa Aa Aa
Line Spacing:
Column Width:
Background:
Article

Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China

by
Bo Zhang
1,
Li Zhang
2,
Jing Wu
1,* and
Shouqing Wang
1
1
Hang Lung Center for Real Estate and Department of Construction Management, Tsinghua University, Beijing 100084, China
2
School of Public Economics and Administration, Shanghai University of Finance and Economics, Shanghai 200433, China
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(23), 6831; https://doi.org/10.3390/su11236831
Submission received: 1 October 2019 / Revised: 7 November 2019 / Accepted: 29 November 2019 / Published: 2 December 2019
(This article belongs to the Section Economic and Business Aspects of Sustainability)
Browse Figures
Versions Notes

Abstract

Local governments around mainland China initiated over 14,000 public–private partnership (PPP) projects with a total investment of 18 billion RMB in recent years, but nearly half have been withdrawn since the end of 2017, which raised wide concerns about whether PPP can contribute to the sustainable infrastructure development in urban China. In this study, we empirically investigated major factors affecting local governments’ PPP adoption, especially factors that led local governments to initiate inappropriate PPP projects. Based on a unique panel dataset of 286 Chinese cities between 2014 and 2017, the empirical findings suggested that local governments’ financial pressure was the most important factor and cities with higher off-budgetary debts or lower budgetary deficits tended to initiate more PPP projects. PPP projects initiated under off-budgetary burdens were more likely to be inappropriate and subsequently withdrawn. Based on the empirical results, we provide policy suggestions to promote sustainable PPP developments in China.
Keywords: public–private partnership (PPP); PPP adoption; local governments; financial pressure; China public–private partnership (PPP); PPP adoption; local governments; financial pressure; China

Share and Cite

MDPI and ACS Style

Zhang, B.; Zhang, L.; Wu, J.; Wang, S. Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China. Sustainability 2019, 11, 6831. https://doi.org/10.3390/su11236831

AMA Style

Zhang B, Zhang L, Wu J, Wang S. Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China. Sustainability. 2019; 11(23):6831. https://doi.org/10.3390/su11236831

Chicago/Turabian Style

Zhang, Bo, Li Zhang, Jing Wu, and Shouqing Wang. 2019. "Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China" Sustainability 11, no. 23: 6831. https://doi.org/10.3390/su11236831

APA Style

Zhang, B., Zhang, L., Wu, J., & Wang, S. (2019). Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China. Sustainability, 11(23), 6831. https://doi.org/10.3390/su11236831

Note that from the first issue of 2016, this journal uses article numbers instead of page numbers. See further details here.

Article Metrics

Back to TopTop