Record Details

Institutional quality and private sector participation: theory and empirical findings

European Journal of Government and Economics

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Field Value
 
Title Institutional quality and private sector participation: theory and empirical findings
 
Creator Schomaker, Rahel
 
Subject good governance; institutional economics; private sector participationInstitutional quality; good governance; institutional economics; public-private partnerships; public goods
D02; H11; L33
 
Description Through several conduits, sound institutional quality is pivotal for economic development, as there is evidence that stable democratic institutions, rule of law and sound governance structures in the administration are highly conducive to promote growth. Therefore, a high institutional quality is not only the end point, but also the starting point of a more sustainable development. In this paper we provide some theoretical considerations as well as empirical evidence, based on several regression analyses, that the quality of institutions in a wider sense, and governance, which includes not only the level of “politics” itself, but also the administrative level, is relevant not only for the macro-level of development (i.e. the increase of the national welfare and foreign investment), but also on a micro-level: A stronger participation of private enterprises in public service provision and the introduction of public-private part¬nerships depends to a high degree on the institutional quality. This is even more relevant as the improvement of public services and of core infrastructures can be seen as crucial multipliers for future growth.
 
Publisher Europa Grande
 
Contributor —
 
Date 2014-12-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ejge.org/index.php/ejge/article/view/57
 
Source European Journal of Government and Economics; Vol 3, No 2 (2014); 104-118
2254-7088
 
Language eng
 
Relation http://www.ejge.org/index.php/ejge/article/view/57/47
 
Rights Copyright (c) 2014 Rahel Schomaker
http://creativecommons.org/licenses/by/4.0