Chapter 10: Conclusion
In this section, the focus is on some concluding remarks regarding the tested socioeconomic variables. It would be too easy as a conclusion to simply point at the results of the empirical third chapter and emphasize the role of interest groups pluralism (also an institutional factor) and the size of the financial sector. However, the size of the financial sector and probably also the size of the construction sector do play a role in the adoption of a high level of PPP activity in a national economy (together with the structure of interest groups). However, these tested variables are only a small part of a broader range of factors that might influence a policy change in favour of PPP. And from the perspective of political economy (Hare 2013), the roles of the financial and the construction sector are among the ones intensely debated. Other factors such as the efficiency or effectiveness (‘value for money’) of PPPs were not taken into consideration in this study, as this would require a completely different research design. From the perspective of comparative public policy, this would, for instance, require an examination of how PPP is capable of delivering government objectives and public services in different areas, such as transport infrastructure, health or prisons, across international borders. The positive result for the financial sector in Chapter 3 suggests that such policy-specific differences are less crucial for the adoption of PPP than the size of the financial sector.
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