Ex-Ante Evaluation of Public-Private Partnerships: Macroeconomic Analysis

Henry Liu, Peter E.D. Love, Brad Carey, Jim Smith, Michael Regan

Research output: Contribution to journalArticlepeer-review

17 Citations (Scopus)


Public-private partnerships (PPPs) are currently a popular approach for governments to procure social and economic infrastructure. The macroeconomic environment plays a critical role and influences the factors that can lead to the successful delivery of a PPP project. Despite the importance of the macroeconomic environment, limited attention has been paid to ex-ante (that is, before the event, or forecast) evaluation. A review of the normative literature was undertaken, aiming to derive key performance indicators (KPIs) of PPP success. The KPIs were validated by using a vector error correction model. It is suggested that the developed KPIs can be used to evaluate the suitability of the macroeconomic conditions in which a PPP project will be implemented. These KPIs can provide governments and stakeholders with a platform to conduct an effective ex-ante evaluation of PPP projects that will be significant in policy and decision making.
Original languageEnglish
Article number04014038
Number of pages8
JournalJournal of Infrastructure Systems
Issue number2
Early online date30 Jun 2014
Publication statusPublished - 1 Jun 2015
Externally publishedYes


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