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The role of properly structured public-private partnerships in promoting economic development

Michael Busler (William J. Hughes Center for Public Policy, Richard Stockton College, Galloway, USA)

World Journal of Entrepreneurship, Management and Sustainable Development

ISSN: 2042-5961

Article publication date: 14 April 2014

337

Abstract

Purpose

The purpose of this paper is to find the characteristics that determine the success of public-private partnerships (PPPs) in promoting economic development and specifically to determine the long- and short-term public involvement.

Design/methodology/approach

A grounded theory approach is utilized, involving desk research and a review of the current literature, as well as examining case studies. This reduction in data collection was based on the availability of literature and case studies which can be assimilated to develop theoretically justifiable conclusions.

Findings

In less-than-developed countries (LDC), the lack of private investment capital severely hinders economic development. In developed countries it is often high risk factors and very large capital investment that slows economic development. In both cases, an input from the public sector is needed. The findings suggest that government involvement should be time limited, so that to achieve long-term success, a public sector exit strategy should be formulated. The length of time for public sector involvement varies but is generally longer in the LDC.

Research limitations/implications

While the current literature provides some conclusions regarding the effect of PPPs on economic development, there is a gap when examining the proper structure particularly for developing countries.

Originality/value

While the current literature provides some conclusions regarding the effect of PPPs on economic development, there is a gap when examining the proper structure. This paper also provides some guidance for participants to determine the optimum length of time that public involvement is needed. Both academics and practitioners should find this to be valuable information.

Keywords

Citation

Busler, M. (2014), "The role of properly structured public-private partnerships in promoting economic development", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 10 No. 2, pp. 90-97. https://doi.org/10.1108/WJEMSD-07-2013-0039

Publisher

:

Emerald Group Publishing Limited

Copyright © 2014, Emerald Group Publishing Limited

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