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Can public-private partnerships leverage private investment in agricultural value chains in Africa? A preliminary review

By: Poulton, C.
Contributor(s): Macartney, J [coaut.].
Material type: materialTypeLabelArticlePublisher: 2012ISSN: 0305-750X.Subject(s): Africa | Market failure | Public private partnerships (PPP) Agriculture | State failure In: World Development v. 40, no. 1, p. 96-109Summary: Public-private partnerships (PPPs) may be one way of increasing the level of private sector investment into poorly performing agricultural value chains. This paper considers a range of PPP mechanisms that respond to different market failures affecting such chains and draws on principal?agent theory to illustrate the challenges. It reviews emerging experience with a number of these mechanisms along with experience from other sectors that may shed light on ?generic? problems of implementing PPPs in Africa. While finding some positive impacts on investment, it notes that state failures can also undermine PPP effectiveness. As the evidence base is still limited, it calls on organizations promoting innovative PPPs to disclose available information for critical examination.Collection: Reprints Collection
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Article CIMMYT Knowledge Center: John Woolston Library

Lic. Jose Juan Caballero Flores

 

Reprints Collection Available
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Peer-review: Yes - Open Access: Yes|http://science.thomsonreuters.com/cgi-bin/jrnlst/jlresults.cgi?PC=MASTER&ISSN=0305-750X

Public-private partnerships (PPPs) may be one way of increasing the level of private sector investment into poorly performing agricultural value chains. This paper considers a range of PPP mechanisms that respond to different market failures affecting such chains and draws on principal?agent theory to illustrate the challenges. It reviews emerging experience with a number of these mechanisms along with experience from other sectors that may shed light on ?generic? problems of implementing PPPs in Africa. While finding some positive impacts on investment, it notes that state failures can also undermine PPP effectiveness. As the evidence base is still limited, it calls on organizations promoting innovative PPPs to disclose available information for critical examination.

English

Carelia Juarez

Reprints Collection

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