Abstract

BUESAQUILLO-SALAZAR, Diego Andrés  and  LOPEZ-BURITICA, Lady Katherin. Public - Private Partnerships in Colombia: A Reflection about Mechanisms in the Country between 2018 and 2019. Ens. Econ. [online]. 2019, vol.29, n.55, pp.57-81.  Epub Mar 14, 2020. ISSN 0121-117X.  https://doi.org/10.15446/ede.v29n55.79363.

Fiscal deficit in developing countries implies a deterioration in public investment in aspects such as infrastructure, considerably affecting economic growth and social development of a country as a result. This scenario has entailed the implementation of mechanisms that permit solving this problem, among which boosting private investment has been preferred. Thus, Public-Private Partnerships -known as PPP- have been established as a model for the improvement of the country, by consolidating both a relationship and joint work between the public and private sectors to provide Colombians with goods and services. This article firstly contextualizes about the current PPP regulatory framework; secondly, a number of papers addressing this mechanism are briefly reviewed; thirdly, a description of PPP projects according to RUAPP as of February 2019 and 2018 is presented; and finally, the observed results from the Departmental Competitiveness Index are related as a means to analyze and identify the aspects enabling the development of such mechanism in all the departments -Colombian states-.

JEL: H50; H54; H60; L90; O22.

Keywords : public-private partnerships; infrastructure; state investment; departmental competitiveness index; regulatory framework; RUAPP.

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