create a website

Is Ex-Post Fiscal Support to PPPs Sustainable? Analysis of Government Loans Granted to Shadow-Toll Roads in Spain: A Case Study. (2020). Garrido, Laura ; Vassallo, Jose Manuel.
In: Sustainability.
RePEc:gam:jsusta:v:13:y:2020:i:1:p:219-:d:469578.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 69

References cited by this document

Cocites: 24

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Acerete B.; Gasca M.; Stafford A. Two decades of DBFO roads in the UK and Spain: An evaluation of the financial performance. Ann. Public Coop. Econ. 2019, 90, 269-289.

  2. Albalate D.; Bel G.; Bel-Piñana P. Tropezando dos veces con la misma piedra: Quiebra de autopistas de peaje y costes para contribuyentes y usuarios. Rev. Econ. Apl. 2015, 23, 131-152.
    Paper not yet in RePEc: Add citation now
  3. Ashuri B.; Kashani H.; Molenaar K.R.; Lee S.; Lu J. Risk Neutral Pricing Approach for Evaluating BOT Highway Projects with Government Minimum Revenue Guarantee Options. J. Constr. Eng. Manag. 2012, 138, 545-557.
    Paper not yet in RePEc: Add citation now
  4. Bae D.S.; Damnjanoic I.; Kang D.H. PPP Renegotiation Framework based on Equivalent NPV Constraint in the Case of BOT Project: Incheon Airport Highway, South Korea. KSCE J. Civ. Eng. 2019, 23, 1473-1483.
    Paper not yet in RePEc: Add citation now
  5. Baeza M.A.; Vassallo J.M. La intervención de la Administración ante las dificultades financieras de las sociedades concesionarias de autopistas de peaje. Presup. Gasto Público 2011, 65, 51-60.
    Paper not yet in RePEc: Add citation now
  6. Barbosa D.; Carvalho V.M.; Pereira P.J. Public stimulus for private investment: An extended real options model. Econ. Model. 2016, 52, 742-748.

  7. Bel G.; Bel-Piñana P.; Rosell J. Myopic PPPs: Risk allocation and hidden liabilities for taxpayers and users. Util. Policy 2017, 48, 147-156.

  8. Bolívar M.P.R.; Galera A.N.; Muñoz L.A.; Subirés M.D.L. Risk Factors and Drivers of Financial Sustainability in Local Government: An Empirical Study. Local Gov. Stud. 2015, 42, 29-51.
    Paper not yet in RePEc: Add citation now
  9. Brandao L.; Saraiva E. The option value of government guarantees in infrastructure projects. Constr. Manag. Econ. 2008, 28, 1171-1180.

  10. Bueno P.C.; Vassallo J.M.; Cheung K. Sustainability Assessment of Transport Infrastructure Projects: A Review of Existing Tools and Methods. Trans. Rev. 2015, 35, 622-649.

  11. Buyukyoran F.; Gundes S. Optimized real options-based approach for government guarantees in PPP toll road projects. Constr. Manag. Econ. 2018, 36, 203-216.

  12. Carbonara N.; Pellegrino R. Revenue guarantee in public–private partnerships: A win–win model. Constr. Manag. Econ. 2018, 36, 584-598.
    Paper not yet in RePEc: Add citation now
  13. Carpintero S.; Vassallo J.M.; Soliño A.S. Dealing with Traffic Risk in Latin American Toll Roads. J. Manag. Eng. 2015, 31, 05014016.
    Paper not yet in RePEc: Add citation now
  14. Chen C.; Li D.; Man C. Toward sustainable development? A bibliometric analysis of PPP-related policies in China between 1980 and 2017. Sustainability 2018, 11.

  15. Credit Programs Guide: Transportation Infrastructure Finance and Innovation Act, Railroad Rehabilitation & Improvement Financing; Build America Bureau, US Department of Transportation: Washington, DC, USA, 2017.
    Paper not yet in RePEc: Add citation now
  16. Cruz C.O.; Marques R.C. Using the Economic and Financial Reequilibrium Model to Decrease Infrastructure Contract Incompleteness. J. Infrastruct. Syst. 2013, 19, 58-66.
    Paper not yet in RePEc: Add citation now
  17. Cruz C.O.; Marques R.C.; Cardoso P. Empirical Evidence for Renegotiation of PPP Contracts in the Road Sector. J. Leg. Aff. Disput. Resolut. Eng. Constr. 2015, 7, 05014003.
    Paper not yet in RePEc: Add citation now
  18. Dailami M.; Leipziger D. Infrastructure Project Finance and Capital Flows: A New Perspective. World Dev. 1998, 26, 1283-1298.

  19. De Villar P.P. Formulación de Incentivos Óptimos y Viables para la Mejora de la Seguridad Vial en Concesiones de Carreteras. Ph.D. Thesis; Universidad Politécnica de Madrid: Madrid, Spain, 2015.
    Paper not yet in RePEc: Add citation now
  20. Dias A.; Ioannou P.G. Optimal capital structure for privately financed infrastructure projects—Valuation of debt, equity and guarantees. UMCEE Rep. 1995, 10, 95.
    Paper not yet in RePEc: Add citation now
  21. Effectiveness of EU-Supported Public Urban Transport Projects; ECA: Luxembourg, 2014.
    Paper not yet in RePEc: Add citation now
  22. Égert B. Public debt, economic growth and nonlinear effects: Myth or reality?. J. Macroecon. 2015, 43, 226-238.

  23. Engel E.; Fischer R.; Galetovic A.; de Rus G. Colaboración Público-Privada en Infraestructuras: Reforma del Sistema Concesional Español de Autopistas de Peaje; Fedea: Madrid, Spain, 2015.

  24. Estache A.; Garsous G. The Impact of Infrastructure on Growth in Developing Countries. IFC Econ. Notes 2012, 1, 1-11.
    Paper not yet in RePEc: Add citation now
  25. Fatokun A.; Akintoye A.; Liyanage C. Renegotiation of public private partnership road contracts: Issues and outcomes. Procs 31st Annual ARCOM Conference; University of Central Lancashire: Preston, UK, 2015; pp. 1249-1258.
    Paper not yet in RePEc: Add citation now
  26. Gomez J.; Vassallo J.M.; Herraiz I. Explaining light vehicle demand evolution in interurban toll roads: A dynamic panel data analysis in Spain. Transportation (Amst) 2015, 43, 677-703.
    Paper not yet in RePEc: Add citation now
  27. Gomez J.; Vassallo M. Evolution over time of heavy vehicle volume in toll roads: A dynamic panel data to identify key explanatory variables in Spain. Transp. Res. Part A Policy Pract. 2016, 43, 677-703.
    Paper not yet in RePEc: Add citation now
  28. González E.E.; Gross M.E.; Garvin M.J. Use of Fiscal Support Mechanisms in Public-Private Partnerships: An Exploration of Three International Case Studies. Proceedings of the Second International Conference on Public-Private Partnerships: Advances in Public-Private Partnerships, Austin, TX, USA, 26–29 May 2015, ; pp. 52-65.
    Paper not yet in RePEc: Add citation now
  29. Guasch J.L. Granting and Renegotiating Infrastructure Concessions. Doing it Right; World Bank: Washington, DC, USA, 2004.

  30. Heider C.; Taylor-Dormond M.; Tenev S.; Stone A.; Apfalter S. World Bank Group Support to Public-Private Partnerships: Lessons from Experience in Client Countries; World Bank Group: Washington, DC, USA, 2012.
    Paper not yet in RePEc: Add citation now
  31. Hemming R. Public-Private Partnerships, Government Guarantees, and Fiscal Risk; International Monetary Fund: Washington, DC, USA, 2006.
    Paper not yet in RePEc: Add citation now
  32. Hodge G.A. The risky business of public-private partnerships. Aust. J. Public Adm. 2004, 63, 37-49.
    Paper not yet in RePEc: Add citation now
  33. Informe 2016 Sobre el Sector de Autopistas de Peaje en España; Ministerio de Fomento, Secretaría General Técnica, Centro de Publicaciones: Madrid, Spain, 2017.
    Paper not yet in RePEc: Add citation now
  34. Irwin T. Public Money for Private Infrastructure. Deciding When to Offer Guarantees, Output-Based Subsidies, and Other Fiscal Support; World Bank: Washington, DC, USA, 2003.

  35. Irwin T.; Mokdad T. Managing Contingent Liabilities in Public-Private Partnerships: Practice in Australia, Chile, and South Africa; The International Bank for Reconstruction and Development/The World Bank: Washingthon, DC, USA, 2010.
    Paper not yet in RePEc: Add citation now
  36. Irwin T.C. Government Guarantees: Allocating and Valuing Risk in Privately Financed Infrastructure Projects; World Bank: Washington, DC, USA, 2007.

  37. Koppenjan J.F.M.; Enserink B. Public-private partnerships in urban infrastructures: Reconciling private sector participation and sustainability. Public Adm. Rev. 2009, 69, 284-296.
    Paper not yet in RePEc: Add citation now
  38. Lara-Galera A.L.; Sánchez-soliño A.; Galindo-Aires R. First generation highways. Participation loans valuation in the framework of real options. Rev. Construcción 2016, 15, 115-124.
    Paper not yet in RePEc: Add citation now
  39. Manual on Government Deficit and Debt. Implementation of ESA 2010; Publications Office of the European Union: Luxembourg, 2016.
    Paper not yet in RePEc: Add citation now
  40. Mcgroarty S.; Rossel C.E.; Mcfadden J.M. The World Bank Group A to Z 2016; World Bank Group: Washington, DC, USA, 2015.
    Paper not yet in RePEc: Add citation now
  41. PEIT: Plan Estratégico de Infraestructura y Transporte 2005–2020; Centro de Publicaciones: Madrid, Spain, 2005.
    Paper not yet in RePEc: Add citation now
  42. Pellegrino R.; Carbonara N.; Costantino N. Public guarantees for mitigating interest rate risk in PPP projects. Built Environ. Proj. Asset Manag. 2019, 9, 248-261.
    Paper not yet in RePEc: Add citation now
  43. Pfeffer M.; Moreno M.L.; Mawhinney M.; Richards S.; Yong-prötzel I. The Loan Guarantee Instrument for TEN-T Projects (LGTT): An Evaluation Focusing on the Role of the EIB in the Implementation of the Instrument; European Investment Bank: Luxembourg, 2014.
    Paper not yet in RePEc: Add citation now
  44. Philippines: Management of Contingent Liabilities Arising from Public-Private Partnership Projects; Asian Development Bank: Metro Manila, Philippines, 2016.
    Paper not yet in RePEc: Add citation now
  45. Private Financing and Government Support to Promote Long-Term Investments in Infrastructure; OECD: Paris, France, 2014.
    Paper not yet in RePEc: Add citation now
  46. Sarmento J.M.; Renneboog L. Anatomy of public-private partnerships: Their creation, financing and renegotiations. Int. J. Manag. Proj. Bus. 2016, 9, 94-122.
    Paper not yet in RePEc: Add citation now
  47. Sarmento J.M.; Renneboog L. Renegotiating Public-Private Partnerships; Tilburg University: Tilburg, The Netherlands, 2017.

  48. Schur M. Public–Private Partnership Funds: Observations from International Experience; Asian Development Bank: Mandaluyong, Philippines, 2016.
    Paper not yet in RePEc: Add citation now
  49. Song J.; Hu Y.; Feng Z. Factors Influencing Early Termination of PPP Projects in China. J. Manag. Eng. 2018, 34, 05017008.
    Paper not yet in RePEc: Add citation now
  50. State Guarantees in PPPs. A Guide to Better Evaluation, Design, Implementation and Management; EPEC: Luxembourg, 2011.
    Paper not yet in RePEc: Add citation now
  51. Stoian A.; Brașoveanu L.O.; Brașoveanu I.V.; Dumitrescu B. A Framework to Assess Fiscal Vulnerability: Empirical Evidence for European Union Countries. Sustainability 2018, 10.

  52. The Brundtland Report: Our Common Future. The World Commission on Environment and Development (WCED); Oxford University Press: Oxford, UK, 1987.

  53. Thomson C.; Goodwin J.; Yescombe E. Evaluation of PPP Projects Financed by the EIB; European Investment Bank: Luxembourg, 2005.
    Paper not yet in RePEc: Add citation now
  54. Transport Infrastructure Investment: Options for Efficiency; International Transport Forum: Paris, France, 2008.
    Paper not yet in RePEc: Add citation now
  55. Tu L.; Padovani E. A research on the debt sustainability of China’s major city governments in post-land finance era. Sustainability 2018, 10.

  56. Turley L.; Semple A. Financing Sustainable Public- Private Partnerships; International Institute for Sustainable Development: Winnipeg, MB, Canada, 2013.
    Paper not yet in RePEc: Add citation now
  57. Update of the Handbook on External Costs of Transport; Ricardo-AEA: London, UK, 2014.
    Paper not yet in RePEc: Add citation now
  58. Vassallo J.M. Traffic risk mitigation in highway concession projects: The experience of Chile. J. Transp. Econ. Policy 2006, 40, 359-381.

  59. Vassallo J.M.; Izquierdo R. Infraestructura Pública y Participación Privada: Conceptos y Experiencias en América y España; CAF Development Bank of Latinamerica: Khartoum, Sudan, 2010.
    Paper not yet in RePEc: Add citation now
  60. Vassallo J.M.; Ortega A.; Baeza M.A. Impact of the Economic Recession on Toll Highway Concessions in Spain. J. Manag. Eng. 2012, 28, 398-406.
    Paper not yet in RePEc: Add citation now
  61. Vassallo J.M.; Sánchez-Soliño A. Minimum Income Guarantee in Transportation Infrastructure Concessions in Chile. Transp. Res. Rec. J. Transp. Res. Board 2006, 1960, 15-22.
    Paper not yet in RePEc: Add citation now
  62. Vassallo J.M.; Sánchez-Soliño A. Subordinated Public Participation Loans far Financing Toll Highway Concessions in Spain. Transp. Res. Rec. 2007, 1996, 1-8.
    Paper not yet in RePEc: Add citation now
  63. Villalba-Romero F.; Liyanage C.; Roumboutsos A. Sustainable PPPs: A comparative approach for road infrastructure. Case Stud. Transp. Policy 2015, 3, 243-250.
    Paper not yet in RePEc: Add citation now
  64. Weber B.; Staub-Bisang M.; Alfen H.W. Infrastructure as an Asset Class: Investment Strategy, Sustainability, Project Finance and PPP; John Wiley & Sons: Chichester, UK, 2016.
    Paper not yet in RePEc: Add citation now
  65. Wibowo A. CAPM-Based Valuation of Financial Government Supports to Infeasible and Risky Private Infrastructure Projects. J. Constr. Eng. Manag. 2006, 132, 239-248.
    Paper not yet in RePEc: Add citation now
  66. Wibowo A.; Permana A.; Kochendörfer B.; Kiong R.T.L.; Jacob D.; Neunzehn D. Modeling Contingent Liabilities Arising from Government Guarantees in Indonesian BOT/PPP Toll Roads. J. Constr. Eng. Manag. 2012, 138, 1403-1410.
    Paper not yet in RePEc: Add citation now
  67. Xu Y.; Yeung J.F.Y.; Jiang S. Determining appropriate government guarantees for concession contract: Lessons learned from 10 PPP projects in China. Int. J. Strat. Prop. Manag. 2014, 18, 356-367.
    Paper not yet in RePEc: Add citation now
  68. Yemelyanov O.; Symak A.; Petrushka T.; Lesyk R.; Lesyk L. Assessment of the technological changes impact on the sustainability of state security system of Ukraine. Sustainability 2018, 10.

  69. Yescombe E.R. Public-Private Partnerships: Principles of Policy and Finance; Butterworth-Heinemann: Oxford, UK, 2007.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Is there a nonlinear relationship between public investment and private investment? Evidence from 21 Organization for Economic Cooperation and Development countries. (2024). Vale, Sofia ; So, Sofia.
    In: International Journal of Finance & Economics.
    RePEc:wly:ijfiec:v:29:y:2024:i:1:p:887-902.

    Full description at Econpapers || Download paper

  2. Investment analysis of the private firm under different financial arrangements in infrastructure projects. (2024). Fu, Guohua ; Huang, Shanshan ; Ding, Qianxing ; Wang, Bing.
    In: PLOS ONE.
    RePEc:plo:pone00:0287418.

    Full description at Econpapers || Download paper

  3. Public Finance, Fiscal Rules and Public–Private Partnerships: Lessons for Post-COVID-19 Investment Plans. (2024). Giuriato, Luisa ; Cepparulo, Alessandra ; Eusepi, Giuseppe.
    In: Comparative Economic Studies.
    RePEc:pal:compes:v:66:y:2024:i:1:d:10.1057_s41294-023-00213-x.

    Full description at Econpapers || Download paper

  4. Bi-level optimisation of subsidy and capacity investment under competition and uncertainty. (2024). Zhang, Zixuan ; Chronopoulos, Michail ; Kyriakou, Ioannis ; Dimitrova, Dimitrina S.
    In: European Journal of Operational Research.
    RePEc:eee:ejores:v:318:y:2024:i:1:p:327-340.

    Full description at Econpapers || Download paper

  5. PPP performance evaluation: the social welfare goal, principal–agent theory and political economy. (2023). Vining, Aidan ; Moore, Mark A.
    In: Policy Sciences.
    RePEc:kap:policy:v:56:y:2023:i:2:d:10.1007_s11077-023-09504-7.

    Full description at Econpapers || Download paper

  6. Effect of Aid-for-Trade Flows on Investment-Oriented Remittance Flows. (2023). Gnangnon, Sena Kimm.
    In: JRFM.
    RePEc:gam:jjrfmx:v:16:y:2023:i:2:p:110-:d:1064564.

    Full description at Econpapers || Download paper

  7. Duration of membership in the world trade organization and investment-oriented remittances inflows. (2023). Gnangnon, Sena Kimm.
    In: The Quarterly Review of Economics and Finance.
    RePEc:eee:quaeco:v:88:y:2023:i:c:p:258-277.

    Full description at Econpapers || Download paper

  8. Don’t stop me now: Incremental capacity growth under subsidy termination risk. (2023). Fleten, Stein-Erik ; Sendstad, Lars H.
    In: Energy Policy.
    RePEc:eee:enepol:v:172:y:2023:i:c:s0301421522005286.

    Full description at Econpapers || Download paper

  9. Macroeconomic conditions and investment stimuli. (2023). Pan, Zhihao ; Tan, Yingxian ; Wang, Rui ; Wen, Chunhui.
    In: The North American Journal of Economics and Finance.
    RePEc:eee:ecofin:v:67:y:2023:i:c:s1062940823000396.

    Full description at Econpapers || Download paper

  10. Duration of WTO Membership and Investment-Oriented Remittances Flows. (2022). Gnangnon, Sena Kimm.
    In: EconStor Preprints.
    RePEc:zbw:esprep:251274.

    Full description at Econpapers || Download paper

  11. The Belt & Road Initiative and the public and private debts of participating countries: The role of Chinas economic policy uncertainty. (2022). Lu, Zhou ; Sun, Yunpeng ; Li, Ying ; Bao, Qun.
    In: Structural Change and Economic Dynamics.
    RePEc:eee:streco:v:60:y:2022:i:c:p:179-193.

    Full description at Econpapers || Download paper

  12. Do balanced-budget fiscal stimuli of investment increase its economic value?. (2022). Tamborini, Roberto ; moretto, michele ; Cesare, Dosi.
    In: German Economic Review.
    RePEc:bpj:germec:v:23:y:2022:i:2:p:157-179:n:3.

    Full description at Econpapers || Download paper

  13. Public finances and Public Private Partnerships in the European Union. (2021). Giuriato, Luisa ; Cepparulo, Alessandra ; Eusepi, Giuseppe.
    In: Working Papers in Public Economics.
    RePEc:sap:wpaper:wp195.

    Full description at Econpapers || Download paper

  14. Public finances and Public Private Partnerships in the European Union. (2020). Giuriato, Luisa ; Cepparulo, Alessandra ; Eusepi, Giuseppe.
    In: MPRA Paper.
    RePEc:pra:mprapa:103918.

    Full description at Econpapers || Download paper

  15. Is Ex-Post Fiscal Support to PPPs Sustainable? Analysis of Government Loans Granted to Shadow-Toll Roads in Spain: A Case Study. (2020). Garrido, Laura ; Vassallo, Jose Manuel.
    In: Sustainability.
    RePEc:gam:jsusta:v:13:y:2020:i:1:p:219-:d:469578.

    Full description at Econpapers || Download paper

  16. Balanced-budget fiscal stimuli of investment and welfare value. (2019). Tamborini, Roberto ; moretto, michele ; Dosi, Cesare.
    In: DEM Working Papers.
    RePEc:trn:utwprg:2019/12.

    Full description at Econpapers || Download paper

  17. Sustainable Development Economic Strategy Model for Reducing Carbon Emission by Using Real Options Approach. (2019). Chen, Zan-Yu ; Zhou, Jing ; Ko, Chuan-Chuan ; Liu, Chien-Yu.
    In: Sustainability.
    RePEc:gam:jsusta:v:11:y:2019:i:19:p:5498-:d:273544.

    Full description at Econpapers || Download paper

  18. Evaluating uncertain investment decisions in low-carbon transition toward renewable energy. (2019). Wang, Qunwei ; Ding, Hao ; Zhang, M M ; Zhou, Dequn.
    In: Applied Energy.
    RePEc:eee:appene:v:240:y:2019:i:c:p:1049-1060.

    Full description at Econpapers || Download paper

  19. Balanced-Budget Fiscal Stimuli of Investment and Welfare Value. (2019). Tamborini, Roberto ; moretto, michele ; Dosi, Cesare.
    In: EconPol Working Paper.
    RePEc:ces:econwp:_28.

    Full description at Econpapers || Download paper

  20. THE IMPACT OF REMITTANCES ON DOMESTIC INVESTMENT IN DEVELOPING COUNTRIES: FRESH EVIDENCE FROM THE ASIA-PACIFIC REGION. (2018). Tung, Le Thanh.
    In: Organizations and Markets in Emerging Economies.
    RePEc:vul:omefvu:v:9:y:2018:i:2:id:250.

    Full description at Econpapers || Download paper

  21. Optimal policy for attracting FDI: Investment cost subsidy versus tax rate reduction. (2018). Tian, Yuan.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:53:y:2018:i:c:p:151-159.

    Full description at Econpapers || Download paper

  22. Efficiency of Regional Public Investment: An NPV-Based Spatial Econometric Approach. (2016). Kopczewska, Katarzyna.
    In: Spatial Economic Analysis.
    RePEc:taf:specan:v:11:y:2016:i:4:p:413-431.

    Full description at Econpapers || Download paper

  23. Investment stimuli under government present-biased time preferences. (2016). Di Corato, Luca.
    In: Journal of Economics.
    RePEc:kap:jeczfn:v:119:y:2016:i:2:d:10.1007_s00712-016-0494-4.

    Full description at Econpapers || Download paper

  24. An analysis of government loan guarantees and direct investment through public-private partnerships. (2016). Lai, Van Son ; Soumare, Issouf.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:59:y:2016:i:c:p:508-519.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-06 16:59:50 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.