“One-size-fits-all” public works contract does it better? An assessment of infrastructure provision in Italy

IF 3.5 2区 经济学 Q1 ECONOMICS
Massimo Finocchiaro Castro , Calogero Guccio , Ilde Rizzo
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引用次数: 0

Abstract

Public infrastructure procurement is a crucial policy tool, a prerequisite for public and private investments and for economic and social capital growth. Low performance in execution severely hinders infrastructure provision and benefits delivery. One of the most sensitive phases in public infrastructure procurement is the design because of the strategic relationship that it potentially creates between procurers and contractors in the execution stage, affecting the costs and the duration of the contract. In this paper, using recent developments in non-parametric frontiers and propensity score matching, we evaluate the performance in the execution of public works in Italy. The analysis provides robust evidence of significant improvement of performance where procurers opt for design and build contracts, which lead to lower transaction costs, allowing contractors to better accommodate the project in the execution. Our findings bear considerable policy implications.

“一刀切”的公共工程合约是不是更好?对意大利基础设施供应的评估
公共基础设施采购是一项重要的政策工具,是公共和私人投资以及经济和社会资本增长的先决条件。执行中的低性能严重阻碍了基础设施的提供和效益的交付。公共基础设施采购中最敏感的阶段之一是设计,因为它可能在执行阶段在采购人和承包商之间建立战略关系,影响成本和合同期限。在本文中,利用非参数边界和倾向得分匹配的最新发展,我们评估了意大利公共工程执行的表现。该分析提供了强有力的证据,证明在采购商选择设计和建造合同的情况下,业绩显著改善,从而降低了交易成本,使承包商能够在执行中更好地适应项目。我们的研究结果具有重大的政策意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
6.20
自引率
11.40%
发文量
76
期刊介绍: The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.
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