Government subsidies and the development of PPP projects: evidence from China

被引：2

作者：

Li, Zhen ^{[1
]}

Shen, Yanyan ^{[2
]}

Tang, Maogang ^{[1
]}

机构：

[1] East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China

[2] Hefei Univ Technol, Sch Econ, Hefei, Peoples R China

来源：

APPLIED ECONOMICS | 2023年 / 55卷 / 35期

关键词：

Public-private partnerships; government subsidies; survival analysis; China; PUBLIC-PRIVATE PARTNERSHIPS; ECONOMIC-PERFORMANCE; INVESTMENT; UNCERTAINTY; PROCUREMENT; FIRMS;

D O I：

10.1080/00036846.2022.2125494

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on micro data on public-private partnership (PPP) projects in China, this study adopts the survival analysis model and the difference-in-difference-in-differences (DDD) method to explore the effects of government subsidies on PPP project development. We investigate PPP project development from the perspective of contract signing and construction commencement, making an original contribution to the existing literature. We find that government subsidies can promote the faster signing of PPP contracts but cannot promote on-time construction commencement of PPP projects. This is because government subsidies do not solve the financing constraints that restrict the commencement of PPP project construction. Additionally, government subsidies can promote the faster signing of PPP contracts and on-time construction commencement of PPP projects in areas with high PPP market transparency.

引用

页码：4130 / 4145

页数：16

共 50 条

[31] Effects of country risks and government subsidies on renewable energy firms' performance: Evidence from China
Zhang, Wenwen
Chiu, Yi-Bin
Hsiao, Cody Yu-Ling
RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2022, 158
[32] PPP projects in transport: evidence from light rail projects in Spain
Carpintero, Samuel
Petersen, Ole Helby
PUBLIC MONEY & MANAGEMENT, 2014, 34 (01) : 43 - 50
[33] Who benefit from government-led microfinance projects? Evidence from rural China
Ding, Haoyuan
Qin, Cong
Shi, Kang
JOURNAL OF COMPARATIVE ECONOMICS, 2018, 46 (04) : 1253 - 1272
[34] Alternative Model to Determine the Optimal Government Subsidies in Construction Stage of PPP Rail Transit Projects under Dynamic Uncertainties
Lv, Junna
Zhang, Yan-ying
Zhou, Wen
MATHEMATICAL PROBLEMS IN ENGINEERING, 2020, 2020
[35] Alternative model to determine the optimal government subsidies in construction stage of PPP Rail transit projects under dynamic uncertainties
Lv, Junna
Zhang, Yan-Ying
Zhou, Wen
Lv, Junna (wqljn@126.com), 1600, Hindawi Limited (2020):
[36] Government Subsidies and Operational Efficiency: Evidence From the United States
Sun, Hua
Xu, Hongkang
JOURNAL OF CORPORATE ACCOUNTING AND FINANCE, 2024,
[37] Policy incentives, government subsidies, and technological innovation in new energy vehicle enterprises: Evidence from China
Jiang, Zhangsheng
Xu, Chenghao
ENERGY POLICY, 2023, 177
[38] Investor Disagreement, Government Subsidies and the Abnormal Day-one Returns of IPOs: Evidence from China
Zhai, Xiaoying
Hao, Yahui
Scheffel, Eric M.
Zhang, Yongmin
EMERGING MARKETS FINANCE AND TRADE, 2020, 56 (14) : 3522 - 3550
[39] Financial information, green certification, government subsidies and green bond credit spreads–evidence from China
Shouzhen Zeng
Junfang Hu
Fengjuan Gu
Llopis- Albert Carlos
International Entrepreneurship and Management Journal, 2023, 19 : 321 - 341
[40] Energy poverty and government subsidies in China
Gu, Jiafeng
ENERGY POLICY, 2023, 180

← 1 2 3 4 5 →