Ahmed, A B; Musonda, I and Pretorius, J H C (2023) Dynamics of PPP investment in energy and country governance: Evidence from Sub-Saharan Africa. Built Environment Project and Asset Management, 13(1), pp. 172-184. ISSN 2044-124X
Abstract
Purpose: This paper intends to investigate the empirical link between governance and energy investment in PPP. To succinctly account for biases in the fixed effects (FE) model, the authors adopted different bias-corrected techniques. The majority of these techniques provided evidence that PPP investments in energy are boosted by increasing the desire for accountability, prioritising the voice of the masses and disabusing the rule of laws. This study could not find any positive influence from the control of corruption to PPP investment in energy. Design/methodology/approach: The acute shortage of power supply in SSA has attracted PPP investments in the energy subsector of the economy, leading to the recent debate on governance and public, private investment. The authors contributed to this argument by examining the impact of country governance on PPP investment in energy using a sample of countries in SSA. Findings: Therefore, the authors concluded that low control of corruption is responsible for the inadequate volume of PPP investments. In the light of this, the government should redefine the anti-corruption bill of their sovereignty to accommodate severe sanctions when necessary. Originality/value: This paper uses the fixed effects (FE) model by introducing batteries of nonlinear panel models to capture the relationship between the impacts of country governance on PPP investment in energy.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | dynamics of PPP; investment in energy; PPP structure; public-private partnerships; sub-saharan Africa |
| Index terms: | prioritizing, rule of law, governance, Sub-Saharan Africa, partnership, accountability, bias, methodology, dynamics, corruption, evidence, private investment |
| Subjects: | economic analysis, legal systems, business, evaluation and assessment methods, systems engineering, liability law, professional ethics, decision analysis, partnership management, probability and distributions, research methods, physical geography and landforms |
| Topics: | Legal Issues, Stakeholder Management, Risk Management, Governance, Procurement, Engineering Principles, Geographical Context, Research Practice |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here