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The role of public private partnerships in fostering innovation

机译：公私伙伴关系在促进创新中的作用

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Despite the prevailing view in the studies on public private partnerships (PPPs) on the potentiality of PPP models for stimulating innovation, existing studies fail to provide a full understating of the relationship between PPP characteristics and innovation, namely they do not explain whether and to what extent some characteristics of PPP are more likely to foster innovation rather than others. This paper aims at providing answers to the following key research questions: Which are the PPP features that favour innovation? How should a PPP be properly structured in order to foster innovation? With this aim, drawing upon the main streams of studies on innovation, we develop a conceptual framework on the relationship between PPP and innovation and formulate the research hypotheses. An econometric analysis is then applied to empirically test the hypotheses using a dataset of 290 PPP projects spanning different countries and sectors, extracted by the World Bank PPI Database. Findings reveal that the arrangement of PPP projects; the market, contract and network structure, as well as government supports, may affect innovation. These results provide foundations to elaborate managerial implications for the future implementation of PPP projects, showing how PPP features have to be structured in order to foster innovation.
机译：尽管关于公私伙伴关系（PPP）刺激创新潜力的研究中普遍存在观点，但现有研究未能充分说明PPP特征与创新之间的关系，即它们没有解释是否以及对什么进行解释。 PPP的某些特征比其他特征更可能促进创新。本文旨在为以下关键研究问题提供答案：哪些PPP支持创新？为了促进创新，应该如何适当地构造PPP？为此，我们借鉴创新研究的主要内容，建立了关于PPP与创新之间关系的概念框架，并提出了研究假设。然后，使用由世界银行PPI数据库提取的，跨不同国家和部门的290个PPP项目的数据集，采用计量经济学分析对假设进行实证检验。调查结果表明，PPP项目的安排;市场，合同和网络结构以及政府的支持可能会影响创新。这些结果为阐述管理对PPP项目未来实施的影响提供了基础，显示了如何构造PPP功能以促进创新。

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