The Impact of the Regulatory Policy on the Issuance of Public–Private Partnerships in China
Bibliographic Data
| ID | 21475445 |
|---|---|
| Authors | Jingran Sun (0000-0002-5803-5025, Central University of Finance and Economics), Yu Shi (0000-0002-8585-9484, University of North Texas), Robert L Bland (University of North Texas), Min Xiong (0000-0001-9627-6324, Nanjing Agricultural University, corresponding author) |
| Year | 2025 |
| Pages | 1-17 |
| Publication date | 2025-10-20 |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Public Administration (JOURNAL) |
| Journal identifiers | ISSN: 0190-0692 • E-ISSN: 1532-4265 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/01900692.2025.2567956 |
| OpenAlex | W4415359392 |
| Language | EN |
| References cited | 32 |
Fiscal risks for the public sector in public-private partnerships (PPPs) are significant in China. To mitigate these risks, the central government issued a policy-the Guidelines-to regulate local fiscal behavior. Using a Regression Discontinuity Design on data from 288 prefectural cities (2014–2019), this study evaluates the Guidelines’ impact on PPP use. Results show that the 10% expenditure limit significantly curtailed new PPP investments, though effects vary across financing mechanisms. Meanwhile, land-based fiscal revenues increased as a supplementary investment source. This study offers an explanatory framework for developing economies and underscores the importance of policy regulation in reducing fiscal risks in PPPs
China · Corporate governance · Public policy · China's Socioeconomic Reforms and Governance · Public-Private Partnership Projects · Urban and Rural Development Challenges
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| Highly cited | No |
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