The regulation of public-private partnerships in the economy: A case study of the emerging market

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Abstract

The study investigated the impact of public-private partnerships (PPP) sectors and their dimensions (legal legislation, political challenges, financial challenges, administrative challenges, and weak public awareness) on economic growth in Jordan. The study used a descriptive-analytical approach, distributing a questionnaire to a hundred individuals, including administrative and financial managers of private companies involved in PPP. Ninety-five responses were collected and analyzed using a Statistical Package for the Social Sciences (SPSS) to estimate simple and multiple linear regression parameters, providing insights into the nature of PPP sectors. The study found that PPP sectors are essential for economic growth, leveraging the private sector’s experience and competencies. It also emphasized the need for more support and incentives for the private sector and the establishment of true PPP sectors through joint projects between the public and private sectors. These findings are crucial for policymakers and stakeholders involved in economic development. Understanding the role of PPP sectors can lead to more effective policies and strategies to promote economic growth and enhance the collaboration between the public and private sectors. As a result, the study recommended providing more support and incentives to the private sector, recognizing its active role in the economy.

Keywords: Public Sector, Private Sector, Partnerships, Economy, Jordan

Authors’ individual contribution: Conceptualization — B.M.M.A.S.; Methodology — B.M.M.A.S.; Formal Analysis — A.S.Y.Q. and B.M.M.A.S.; Investigation — A.S.Y.Q. and B.M.M.A.S.; Writing — A.S.Y.Q. and B.M.M.A.S.; Visualization — A.S.Y.Q. and B.M.M.A.S.; Supervision — B.M.M.A.S.; Project Administration — B.M.M.A.S.; Funding Acquisition — A.S.Y.Q. and B.M.M.A.S.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: H49, H54, O47, O50

Received: 28.03.2024
Accepted: 13.08.2024
Published online: 03.01.2025

How to cite this paper: Qwader, A. S. Y., & Al Sharif, B. M. M. (2025). The regulation of public-private partnerships in the economy: A case study of the emerging market. Journal of Governance & Regulation, 14(1), 29–37. https://doi.org/10.22495/jgrv14i1art3