PPP项目社会资本参与度低的原因及对策分析

目前我国社会资本参与PPP项目的参与度较低,参与的社会资本中,也主要集中在公有资本,社会资本参与PPP项目的意愿并不强烈。从目前我国PPP项目发展的现状为出发点,对社会资本参与情况进行分析,剖析社会资本参与度低的原因,并针对发现的问题提出创新管理模式、降低风险、提升民企能力以及完善退出机制几个角度的建议,以期能够推进我国PPP项目回归公私合作的本质,焕发民营企业的生机和活力。     

商业银行参与PPP项目的风险分担研究——基于三方静态博弈模型

在我国地方债问题日趋严重的背景下,PPP模式是未来我国基础设施建设的发展方向,而商业银行作为资金融通最重要的中介,势必在PPP项目中发挥较大的作用。首先概述了PPP的内涵和参与PP项目的三方主体,其次对PPP项目中的各类风险进行了分类,然后利用三方静态博弈模型讨论了政府、私营企业和银行的风险分担模式,得出应由风险偏好系数大的一方承担风险的结论,最后对商业银行在参与PPP项目中的风险分担的策略提出建议。     

基于担保期权的PPP项目特许经营期研究

为了确定供水工程PPP项目合理的特许经营期,在传统净现值法的基础上,提出实物期权,将政府给予的担保价值进行量化,建立基于实物期权的特许经营期决策模型。通过实例,与传统方法进行对比分析,得出在考虑实物期权后私人投资者可以在较短时间内获得预期收益,使特许经营期的确定更为合理,同时为政府部门与私人投资者就特许经营期谈判提供一定的理论依据。     

PPP融资模式下我国微电网建设项目融资风险分析

针对政府和社会资本合作(PPP)融资模式下的微电网建设项目技术难度大、建设周期长、投资金额巨大的特点,在具有较少历史数据的情况下,结合专家意见,借助定性数据定量化(QQIR)法对该类建设项目的融资风险进行定量分析。目的是为投资者进行投资决策提供建议。     

利用PPP模式促进中原经济区建设

随着国务院《关于支持河南省加快建设中原经济区的指导意见》的出台,建设中原经济区正式上升为国家战略。实现中原经济区建设的战略目标,需要政府提供大量的公共产品和服务。本文在分析PPP模式为促进中原经济区建设提供资金保障、政策引导和增强市场活力的基础上,对利用PPP模式建设中原经济区的关键问题进行了阐述。     

Comparative output and labor productivity in manufacturing between China, Japan, Korea and the United States for ca. 1935 - A production-side PPP approach

Following the standard industry-of-origin methodology to measure production-side purchasing power parities (PPPs), this study for the first time provides a set of unit value ratios (UVRs) of manufacturing products between China, Japan, Korea and the US, based on which it derives PPP estimates for individual manufacturing industries for these East Asian countries with the US as the benchmark for ca. 1935. The estimated PPP for total manufacturing suggests that the relative level of the producer price in China, Japan and Korea was about half to two thirds of the prevailing market exchange rates, respectively. The estimated PPPs are used to calculate comparative output and labor productivity for individual industries of these countries for ca. 1935. It shows that the size of factory manufacturing in Japan was 12 percent of the US level and in China only about one percent of the US level. In terms of comparative labor productivity, measured as PPP$ per hour worked, Japanese and Korean manufacturing was 24 and 23 percent of the US level, whereas Chinese manufacturing was only 7 percent of the US level.     

浅谈建筑行业的供应链管理及运营

伴随着城市建设的不断发展,企业也随之调整自身的发展战略以适应激烈的竞争。寻求先进的建筑行业运营模式以及供应链管理已成为建筑企业摆脱困境的主要途径之一。我们应利用现代技术以及信息化平台达到提高效率、减少成本的目的,同时也开拓思维,结合金融模式,调整资金链现金流,以发展企业,利用互联网和物联网的推进,更加精确和及时的进行供应链管理。     

Negotiation issues in forming public–private partnerships for brownfield redevelopment: Applying a game theoretical experiment

The redevelopment of a brownfield can provide a range of societal, environmental but also economic benefits for a number of entities. In the Netherlands (and elsewhere), public–private partnerships are common practice for such projects, because of two main reasons. First, limitations to public funding have led governments to invite the private sector into various long-term arrangements for capital-intensive projects. Second, a comprehensive approach for the whole brownfield area may be more efficient and profitable, compared to piecemeal development via interventions by individual owners. This article investigates, with respect to brownfield redevelopment, the interaction behavior of two key parties in forming partnerships: the municipality and a private developer. It is assumed that, apart from their mutual interest to redevelop the brownfield area, they will have different interests as well. In order to indicate their specific interest and the negotiation outcome regarding the forming of a public private partnership, this paper makes use of an experimental game theory approach. Three specific negotiation issues were analyzed in our research: a building claim, future land use and reparcelling of the land. In addition, this paper suggests an eight-step procedure to conduct a game theoretical experiment. A survey was conducted in order to gather the required data for the experiment. The data have been used to estimate the payoffs variations between the two key parties in the mentioned negotiation games. Finally, by comparing sub game perfect Nash equilibrium generated game outcomes and direct expected outcomes of respondents, this paper experimentally proves that the game theoretical analysis provides a valid representation of a real world brownfield redevelopment negotiation within the Dutch institutional-economic context. The outcome of the experiment confirms the Dutch tradition of public private partnerships in urban development practice, with public and private bodies willing to share financial risks and returns in these projects.     

资产专用视角下PPP项目控制权均衡分配

引入控制权需求底线的概念,并在此基础上构建信息不对称条件下PPP项目控制权讨价还价分配模型,在双方投资专用性一定的前提下给出控制权均衡分配比例,有效避免双方因控制权分配不合理而导致的合作破裂。基于分配结果分析公私部门投资专用性之间的关系,并给出激励私人部门投资专用性的有效方式。     

重大节水供水工程中PPP模式运用的探析

基于PPP模式可以缓解地方政府财政压力,发挥政府和社会资本双方各自优势,转变政府职能的作用,论证PPP模式在重大节水供水工程中的重要性。分析重大节水供水工程的各个组成部分,加以项目区分,并参考已有相似工程中PPP模式的运用,证明PPP模式在工程各个组成部分运用的可行性。为确保PPP模式的积极作用,其实施过程中仍须采取一系列保障措施。