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1、Availableonlineatwww.sciencedirect.comScienceDirectInternationalJournalofProjectManagement33(2015)497–509www.elsevier.com/locate/ijpromanPPPapplicationininfrastructuredevelopmentinChina:InstitutionalanalysisandimplicationsShuiboZhang⁎,YingGao,ZhuoFeng,WeizhuoSunCollegeofManage
2、mentandEconomics,TianjinUniversity,TianjinCity,ChinaReceived16December2013;receivedinrevisedform8June2014;accepted12June2014Availableonline2July2014AbstractPublic–privatepartnership(PPP)hasbeenappliedmoreandmorewidelyforthepasttwodecades.Questionsstillremainastohowtocultivatea
3、facilitatinginstitutionalenvironmentfordevelopingPPPprojectssuccess.Thispaperexaminessuchaquestion,focusingontheinstitutionalanalysisoftheChinesecontext.AtheoreticalframeworkofPPPgovernanceisfirstdeveloped,identifyingthelogicsandinteractionsofthedifferentiatinglevelsinthePPPsys
4、tem.Then,theinstitutionalframeworkofChinaispresentedwithregardtoitscultural,legal,andadministrativecharacteristics,astheembeddednessofPPPdevelopment.Thereafter,theevolutionofChineseinstitutionswithparticularregardtoPPPisanalyzed.Findingsshowthatchangesintheinstitutionalarrange
5、mentshavetogointandemwithintroductionofPPP,andperformanceofPPPiscloselyrelatedwithitsinstitutionalenvironment.SuggestionsareputforwardtoenhanceChina’sinstitutionalarrangementsforhealthyPPPpromotion,andtheimplicationsforgovernmentsandinvestorsinothercountriesaredescribed.©2014E
6、lsevierLtd.APMandIPMA.Allrightsreserved.Keywords:Public–privatepartnership;Infrastructure;Institutionalarrangements;China1.Introductionthemostsignificant,worldwidetrendinthepublicsector(GarvinandBosso,2008;KochandBuser,2006),andgoodInfrastructureisconsideredtobe“lifesupporting
7、services”governanceisanimportantfactorforthesuccessofPPP(NoelandBrzeski,2005)andhaslongbeenundertheprojectsintermsofdevelopingsoundeconomicpolicyandmonopolyofgovernment.However,insufficientinfrastructureadministratingprojects(Lietal.,2005).hasbeenaproblemforalmostallcountries;
8、thisproblemisOverthepasttwodecades,theChinesegovernmenthasexa