nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2020‒05‒04
four papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Défis et embûches dans l’évaluation des PPP : Pour un secteur public efficace et efficient By Marcel Boyer
  2. Mobility on Demand in the United States By Shaheen, Susan PhD; Cohen, Adam
  3. How Much Will the Belt and Road Initiative Reduce Trade Costs? By Francois de Soyres; Alen Mulabdic; Siobhan Murray; Nadia Rocha; Michele Ruta
  4. The Diana project: a legacy for research on gender in entrepreneurship By Brush, Candida G.; Greene, Patricia G.; Welter, Friederike

  1. By: Marcel Boyer
    Abstract: The choice of the mode of realization of large public investment projects, including large infrastructure projects, between the conventional mode (PSC - public sector comparator) and the PPP mode (public-private partnership), involves two major groups of challenges and pitfalls. These are not the only major challenges and pitfalls, but they are the most pervasive. First, the evaluation of the investments themselves: the (uncertain) forecast of the costs and benefits of the project, the identification and management of real and financial risks, the cost of capital and the discount rate. Then, the evaluation of "contracts" or more generally of the "governance" PSC vs. PPP in imperfect and incomplete information contexts: the role and power of incentives for performance, effectiveness and efficiency. Many documents and reports reveal a serious misunderstanding of the economic analysis of the value of a public project, an inadequate or even erroneous understanding of the rules of modern finance, in addition to errors in analytical logic that make reports fatally flawed. Dans les analyses relatives au choix du mode de réalisation des grands projets d’investissements publics, dont les grands projets d’infrastructure, entre le mode MOP (maîtrise d’ouvrage publique, ou CSP comparateur secteur public, ou mode conventionnel) et le mode PPP (partenariat public-privé), deux grands groupes de défis et embûches nous interpellent. Ce ne sont pas les seuls défis et embûches d’importance, mais ce sont ceux qui sont le plus omniprésents. D’abord, l’évaluation elle-même des investissements : la prévision (incertaine) des coûts et bénéfices du projet, l’identification et la gestion des risques réels et financiers, le coût du capital et le taux d’actualisation. Ensuite, l’évaluation des « contrats » ou plus généralement de la « gouvernance » MOP vs. PPP en information imparfaite et incomplète : le rôle et la puissance des incitations à la performance, à l’efficacité et à l’efficience. Nombre de documents et rapports témoignent d’une compréhension profondément déficiente de l’analyse économique de la valeur d’un projet public, d’une compréhension inadéquate voire erronée des règles de la finance moderne, en plus d’erreurs de logique analytique qui rendent lesdits rapports pratiquement irrécupérables.
    Keywords: Health,Education,Infrastructures,Evaluation of Public Projects,Mode of Realization,PSC,PPP,Incentive Contract,Incomplete Information, Santé,Éducation,Infrastructures,Évaluation de projets publics,Mode de réalisation,CSP ou MOP,PPP,Contrat incitatif,Information incomplète
    Date: 2020–04–27
  2. By: Shaheen, Susan PhD; Cohen, Adam
    Abstract: The growth of shared mobility services and enabling technologies, such as smartphone apps, is contributing to the commodification and aggregation of transportation services. This chapter reviews terms and definitions related to Mobility on Demand (MOD) and Mobility as a Service (MaaS), the mobility marketplace, stakeholders, and enablers. This chapter also reviews the U.S. Department of Transportation’s MOD Sandbox Program, including common opportunities and challenges, partnerships, and case studies for employing on-demand mobility pilots and programs. The chapter concludes with a discussion of vehicle automation and on-demand mobility including pilot projects and the potential transformative impacts of shared automated vehicles on parking, land use, and the built environment.
    Keywords: Social and Behavioral Sciences, Mobility on demand, mobility as a service, shared mobility, automation, automated vehicles, shared automated vehicles, automated driving systems
    Date: 2020–03–12
  3. By: Francois de Soyres; Alen Mulabdic; Siobhan Murray; Nadia Rocha; Michele Ruta
    Abstract: This paper studies the impact of transport infrastructure projects of the Belt and Road Initiative on shipment times and trade costs. Based on a new data on completed and planned Belt and Road transport projects, Geographic Information System analysis is used to estimate shipment times before and after the Belt and Road Initiative. Two sets of data are computed to address different research questions: a global database based on an analysis of 1,000 cities in 191 countries and 47 sectors and a regional database that focuses on more granular information (1,818 cities) for Belt and Road economies only. The paper uses sectoral estimates of “value of time” to transform changes in shipment times into changes in ad valorem trade costs at the country‐sector level. The findings show that the Belt and Road Initiative will significantly reduce shipment times and trade costs. For the world, the average reduction in shipment time will range between 1.2 and 2.5 percent, leading to reduction of aggregate trade costs between 1.1 and 2.2 percent. For Belt and Road economies, the change in shipment times and trade costs will range between 1.7 and 3.2 percent and 1.5 and 2.8 percent, respectively. Belt and Road economies located along the corridors where projects are built experience the largest gains. Shipment times along these corridors decline by up to 11.9 percent and trade costs by up to 10.2 percent.
    Keywords: Transport infrastructure; GIS analysis; Shipment times; Trade costs
    JEL: F14 F15 R41
    Date: 2020–02–26
  4. By: Brush, Candida G.; Greene, Patricia G.; Welter, Friederike
    Abstract: Purpose: The purpose of this article is to provide a brief history of the evolution of the Diana Project and the Diana International Research Conference. We examine the impact of the publications, conferences and research contributions; and consider key factors in the success of this collaborative research organization. We discuss the ongoing legacy, suggesting ways to extend this into the future. Design/Methodology/Approach: Historical narrative and citation analysis Findings: The Diana Project was founded by five women professors in 1999 to with the purpose of investigating women's access to growth capital. Following a series of academic articles, and numerous presentations, the first Diana International Conference was held in Stockholm, Sweden. At this convening, 20 scholars from 13 countries shared their knowledge of women's entrepreneurship, venture creation and growth, culminating in the first volume of the Diana Book Series. Since then, 14 international conferences have been held, resulting in 10 special issues of top academic journals, and 11 books. More than 600 scholars have attended or participate in Diana conferences or publications. [...]
    Keywords: gender,women's entrepreneurship,Diana Project,venture capital,collaborative research
    Date: 2020

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NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.