Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP Projects
Green PPP projects are of great significance to green infrastructure construction and green economic development. This study analyzes 552 Green PPP projects related to sewage treatment and clean energy in African countries during 2005-2019 to determine how institution quality and multilateral financ...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Wiley
2022-01-01
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| Series: | Journal of Function Spaces |
| Online Access: | http://dx.doi.org/10.1155/2022/3825211 |
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| _version_ | 1832554711137386496 |
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| author | Wu-Yan Li Ruo-Yu Chen Ming Ma |
| author_facet | Wu-Yan Li Ruo-Yu Chen Ming Ma |
| author_sort | Wu-Yan Li |
| collection | DOAJ |
| description | Green PPP projects are of great significance to green infrastructure construction and green economic development. This study analyzes 552 Green PPP projects related to sewage treatment and clean energy in African countries during 2005-2019 to determine how institution quality and multilateral financial institutions influence Green PPP projects’ success. We find that (1) successful (failed) Green PPP projects experience increase (decrease) new Green PPP projects’ success rate. (2) Higher private capital risk-taking degree increases the likelihood of failure. (3) Institution quality affects project success through a mixed effect on private capital’s risk-taking degree: rule of law, government effectiveness, control of corruption, and regulatory quality positively promote private capital’s risk taking; voice has an opposite effect. (4) Multilateral financial institutions’ participation in Green PPP projects promotes higher private capital risk taking. |
| format | Article |
| id | doaj-art-6de20f4e2fa34e158e6e46eb9d94a321 |
| institution | Kabale University |
| issn | 2314-8888 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Function Spaces |
| spelling | doaj-art-6de20f4e2fa34e158e6e46eb9d94a3212025-02-03T05:50:40ZengWileyJournal of Function Spaces2314-88882022-01-01202210.1155/2022/3825211Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP ProjectsWu-Yan Li0Ruo-Yu Chen1Ming Ma2School of FinanceSchool of FinanceAnhui Supervision BureauGreen PPP projects are of great significance to green infrastructure construction and green economic development. This study analyzes 552 Green PPP projects related to sewage treatment and clean energy in African countries during 2005-2019 to determine how institution quality and multilateral financial institutions influence Green PPP projects’ success. We find that (1) successful (failed) Green PPP projects experience increase (decrease) new Green PPP projects’ success rate. (2) Higher private capital risk-taking degree increases the likelihood of failure. (3) Institution quality affects project success through a mixed effect on private capital’s risk-taking degree: rule of law, government effectiveness, control of corruption, and regulatory quality positively promote private capital’s risk taking; voice has an opposite effect. (4) Multilateral financial institutions’ participation in Green PPP projects promotes higher private capital risk taking.http://dx.doi.org/10.1155/2022/3825211 |
| spellingShingle | Wu-Yan Li Ruo-Yu Chen Ming Ma Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP Projects Journal of Function Spaces |
| title | Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP Projects |
| title_full | Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP Projects |
| title_fullStr | Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP Projects |
| title_full_unstemmed | Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP Projects |
| title_short | Mathematical Models for Analysis the Impact of Institutional Quality and Multilateral Financial Institutions on the Success of Green PPP Projects |
| title_sort | mathematical models for analysis the impact of institutional quality and multilateral financial institutions on the success of green ppp projects |
| url | http://dx.doi.org/10.1155/2022/3825211 |
| work_keys_str_mv | AT wuyanli mathematicalmodelsforanalysistheimpactofinstitutionalqualityandmultilateralfinancialinstitutionsonthesuccessofgreenpppprojects AT ruoyuchen mathematicalmodelsforanalysistheimpactofinstitutionalqualityandmultilateralfinancialinstitutionsonthesuccessofgreenpppprojects AT mingma mathematicalmodelsforanalysistheimpactofinstitutionalqualityandmultilateralfinancialinstitutionsonthesuccessofgreenpppprojects |