文献类型：期刊文献

英文题名：Government subsidies and the development of PPP projects: evidence from China

作者：Li, Zhen[1];Shen, Yanyan[2];Tang, Maogang[1]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China;[2]Hefei Univ Technol, Sch Econ, Hefei, Peoples R China

年份：2023

卷号：55

期号：35

起止页码：4130

外文期刊名：APPLIED ECONOMICS

收录：;WOS:【SSCI(收录号:WOS:000865359200001)】；

基金：This research was supported by the National Social Science Fund of China (No. 21AZD036); The Fundamental Research Funds for the Central Universities in China (JS2022ZSPY0034, JZ2022HGQA0182)

语种：英文

外文关键词：Public-private partnerships; government subsidies; survival analysis; China

摘要：Based on micro data on public-private partnership (PPP) projects in China, this study adopts the survival analysis model and the difference-in-difference-in-differences (DDD) method to explore the effects of government subsidies on PPP project development. We investigate PPP project development from the perspective of contract signing and construction commencement, making an original contribution to the existing literature. We find that government subsidies can promote the faster signing of PPP contracts but cannot promote on-time construction commencement of PPP projects. This is because government subsidies do not solve the financing constraints that restrict the commencement of PPP project construction. Additionally, government subsidies can promote the faster signing of PPP contracts and on-time construction commencement of PPP projects in areas with high PPP market transparency.