Navigating the Nexus: Overcoming Challenges in Public-Private Partnerships for Sustainable Building Initiatives in Developing Countries

Asuamah Yeboah, Samuel (2024): Navigating the Nexus: Overcoming Challenges in Public-Private Partnerships for Sustainable Building Initiatives in Developing Countries.

Abstract

This research examines the challenges and barriers that Public-Private Partnerships (PPPs) face in implementing sustainable building initiatives in developing countries. The study addresses financial, regulatory, technical, risk management, and social-environmental factors that influence the success of PPPs in the construction of sustainable buildings. Drawing from a comprehensive review of existing literature and case studies, the study highlights key issues such as high upfront costs, uncertain returns, limited access to financing, technological risks, and weak regulatory frameworks. By integrating theoretical frameworks like the Resource-Based View (RBV) and Transaction Cost Economics (TCE), the research explores the interplay between these challenges and the factors that hinder the effectiveness of PPPs in sustainable building projects. The findings underscore the need for improved capacity building, enhanced regulatory enforcement, and better risk management strategies. Policy recommendations are provided to address the gaps and improve the overall effectiveness of PPPs in promoting sustainable development in the built environment. Finally, the study outlines directions for future research to further explore the evolving dynamics of PPPs in sustainable construction and their potential role in achieving sustainable development goals.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial constraints, regulatory issues, technical expertise, risk management, social impact, and environmental sustainability
• Subjects: K - Law and Economics > K3 - Other Substantive Areas of Law > K32 - Environmental, Health, and Safety Law; L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out; L - Industrial Organization > L7 - Industry Studies: Primary Products and Construction > L74 - Construction; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R5 - Regional Government Analysis > R52 - Land Use and Other Regulations

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