Effects of Multilateral Support on Infrastructure PPP Contract Cancellation

18 Pages Posted: 20 Jul 2016

Date Written: July 19, 2016

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.

Keywords: Private Participation in Infrastructure

Suggested Citation

Marcelo, Darwin and House, Schuyler, Effects of Multilateral Support on Infrastructure PPP Contract Cancellation (July 19, 2016). World Bank Policy Research Working Paper No. 7751. Available at SSRN: https://ssrn.com/abstract=2811966

Darwin Marcelo (Contact Author)

The World Bank Group ( email )

1818 H Street, NW
Washington, DC 20433
United States

Schuyler House

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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