Theoretical and Applied Economics
No. 2 / 2017 (611), Summer
Public-Private Partnerships for clean energy investment in developing and emerging economies: Allocating risks and sharing rewards
University of Akureyri, Iceland
Abstract. Clean energy investment such as geothermal and hydropower projects tend to be large, capital intensive and with long repayment periods. These projects are challenging, especially in developing and emerging market countries that are in transition and sometimes characterized by a changing and unpredictable political situation and unfavorable business environments. Public- Private Partnerships (PPPs) enable pooling of public, private and donor funds for clean energy investment in developing and emerging market economies. Those economies are also eligible for support from international financial institutions (IFIs) such as the World Bank Group and regional development banks(1). A well designed PPP can be a venue for scaling up funding for clean energy internationally and thus contribute to the battle against climate change. The focus of this article is on PPPs; potential benefits and challenges for host governments and various partners (including the private sector, bilateral donors, multilateral institutions), allocation of risks as well as sharing of rewards. When disputes occur between the private sector and host governments International Financial Institutions can play an important role in resolving disputes and help ensure the fair sharing of the risks and the rewards of the PPP for all the parties involved.
Contents
The role of fiscal policy in the financial crisis. Challenges and solutions
Using the input-output model in macroeconomic analysis and forecasting studies
Panel causality analysis between exchange rates and stock indexes for fragile five
Modeling of stock indices with HMM-SV models
The impact of private sector credit on income inequalities in European Union (15 member states)
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis
The main correlations between the monetary-banking indicators
Impact of governance on budget deficit in developing countries
Private equity market developments in central and Eastern Europe
Public-Private Partnerships for clean energy investment in developing and emerging economies: Allocating risks and sharing rewards
Science is measurement, yet not all sciences can be evaluated using the same measurement
The effects of real exchange rates and income on the trade balance: A second generation panel data analysis for transition economies and Turkey
Child policy changes and estimation of income distribution effects
An enquiry into the dynamics of real oil prices: A state space approach
Wage inequalities in Romania under successive adjustments in minimum wage levels
An examination of bilateral J-curve: Evidence from Turkey and her 20 major trading partners
Do military expenditures converge in NATO countries? Linear and nonlinear unit root test evidence
Impact of GDP and tax revenue on health care financing: An empirical investigation from Indian states
The relation between foreign direct investments and some economic indicators. The case of Romanian economy
Economic freedom and foreign direct investment in South Asian countries
New software for identification and evaluation of environmental and waste management in the companies
An analysis of the effect of monetary policy changes on macroeconomic factors
The costs of Brexit for UK economy