YANG YUTING - Academia.edu (original) (raw)
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Different types of public-private partnerships (PPPs) have been practiced in worldwide infrastruc... more Different types of public-private partnerships (PPPs) have been practiced in worldwide infrastructure development with diverse results and a variety of problems have been encountered. A number of factors combine to determine the success or failure of an infrastructure project in terms of its objectives. There is an urgent need for a workable and efficient procurement protocol for improved practices in future PPP projects. As an important step toward the development of such a protocol, this study identifies, analyzes, and categorizes various critical success factors (CSFs) for PPPs in general based on a public-private win-win principle and a systematic research approach that includes case studies, literature review, and interviews/correspondence with international experts. A CSF package is developed that contains five main CSFs, each including a number of success subfactors (SSFs). Relative significances of these CSFs and SSFs are examined based on the results of a questionnaire survey of international expert opinions. Agreement analysis shows that there is a good agreement in the ranking of these CSFs and SSFs between respondents from the industrial sector and those from the academic sector.
is a professor of law and director of the Centre for Regulatory Studies at Monash University, Aus... more is a professor of law and director of the Centre for Regulatory Studies at Monash University, Australia. A leading international analyst on privatization, outsourcing, and public -private partnerships, he has served as a special advisor to several parliamentary committees and inquiries. He has published in social and economic policy, public administration, law, governance, regulation, and management and has acted as a consultant on governance matters in Australasia, Indonesia, the Philippines, and China.
A public-private partnership can be seen as an appropriate institutional means of dealing with pa... more A public-private partnership can be seen as an appropriate institutional means of dealing with particular sources of market failure by creating a perception of equity and mutual accountability in transactions between public and private organisations through co-operative behaviour. The relative merit of the idea of public-private partnership is oriented mainly around a mutual benefit. As the roles of government in public-private partnerships are not only to provide services, but also to monitor the marketplace, a well-defined regulation framework is essential. A sound regulatory framework will increase benefits to the government by ensuring that essential partnerships operate efficiently and optimise the resources available to them in line with broader policy objectives, ranging from social policy to environmental protection. In turn, it provides assurance to the private sector that the regulatory system includes protection from expropriation, arbitration of commercial disputes, respect for contract agreements, and legitimate recovery of costs and profit proportional to the risks undertaken.
Different types of public-private partnerships (PPPs) have been practiced in worldwide infrastruc... more Different types of public-private partnerships (PPPs) have been practiced in worldwide infrastructure development with diverse results and a variety of problems have been encountered. A number of factors combine to determine the success or failure of an infrastructure project in terms of its objectives. There is an urgent need for a workable and efficient procurement protocol for improved practices in future PPP projects. As an important step toward the development of such a protocol, this study identifies, analyzes, and categorizes various critical success factors (CSFs) for PPPs in general based on a public-private win-win principle and a systematic research approach that includes case studies, literature review, and interviews/correspondence with international experts. A CSF package is developed that contains five main CSFs, each including a number of success subfactors (SSFs). Relative significances of these CSFs and SSFs are examined based on the results of a questionnaire survey of international expert opinions. Agreement analysis shows that there is a good agreement in the ranking of these CSFs and SSFs between respondents from the industrial sector and those from the academic sector.
is a professor of law and director of the Centre for Regulatory Studies at Monash University, Aus... more is a professor of law and director of the Centre for Regulatory Studies at Monash University, Australia. A leading international analyst on privatization, outsourcing, and public -private partnerships, he has served as a special advisor to several parliamentary committees and inquiries. He has published in social and economic policy, public administration, law, governance, regulation, and management and has acted as a consultant on governance matters in Australasia, Indonesia, the Philippines, and China.
A public-private partnership can be seen as an appropriate institutional means of dealing with pa... more A public-private partnership can be seen as an appropriate institutional means of dealing with particular sources of market failure by creating a perception of equity and mutual accountability in transactions between public and private organisations through co-operative behaviour. The relative merit of the idea of public-private partnership is oriented mainly around a mutual benefit. As the roles of government in public-private partnerships are not only to provide services, but also to monitor the marketplace, a well-defined regulation framework is essential. A sound regulatory framework will increase benefits to the government by ensuring that essential partnerships operate efficiently and optimise the resources available to them in line with broader policy objectives, ranging from social policy to environmental protection. In turn, it provides assurance to the private sector that the regulatory system includes protection from expropriation, arbitration of commercial disputes, respect for contract agreements, and legitimate recovery of costs and profit proportional to the risks undertaken.