How can virtuous real estate Public-Private Partnerships (PPPs) be developed? This question appears buoyant in urban planning. In fact, notwithstanding their increasing appeal for governing the current complexity of urban infrastructure projects, evidence from the PPP practice is still controversial; some PPPs appear virtuous (i.e.value generating for the parties involved), while some others do not. This is why understanding their conceptual nature is currently posited, by both scholars and policy makers, as a major knowledge gap. To fill this gap, in this conceptual article we adopt a co-evolutionary perspective. We argue co-evolution can provide an innovative, valuable contribution to the study of PPPs. In particular, its most vivid identity can produce a joint and dynamic analysis of the reciprocal, behavioral interdependencies between the PPP elements, such as the private and public counterparts involved in a PPP project. On this basis, we first develop a 2-stage conceptual framework about the potential birth and development of a PPP. We then provide a case illustration of the framework through commenting on the recent construction, and actual functioning, of the Benito Stirpe Football Stadium in the town of Frosinone (Italy). Implications for research and urban policy making follow.

Abatecola, G., Mari, M., Poggesi, S. (2020). How can virtuous real estate public-private partnerships be developed? Towards a co-evolutionary perspective. CITIES, 107, 102896 [10.1016/j.cities.2020.102896].

How can virtuous real estate public-private partnerships be developed? Towards a co-evolutionary perspective

Abatecola G.
;
Mari M.;Poggesi S.
2020-01-01

Abstract

How can virtuous real estate Public-Private Partnerships (PPPs) be developed? This question appears buoyant in urban planning. In fact, notwithstanding their increasing appeal for governing the current complexity of urban infrastructure projects, evidence from the PPP practice is still controversial; some PPPs appear virtuous (i.e.value generating for the parties involved), while some others do not. This is why understanding their conceptual nature is currently posited, by both scholars and policy makers, as a major knowledge gap. To fill this gap, in this conceptual article we adopt a co-evolutionary perspective. We argue co-evolution can provide an innovative, valuable contribution to the study of PPPs. In particular, its most vivid identity can produce a joint and dynamic analysis of the reciprocal, behavioral interdependencies between the PPP elements, such as the private and public counterparts involved in a PPP project. On this basis, we first develop a 2-stage conceptual framework about the potential birth and development of a PPP. We then provide a case illustration of the framework through commenting on the recent construction, and actual functioning, of the Benito Stirpe Football Stadium in the town of Frosinone (Italy). Implications for research and urban policy making follow.
2020
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-P/08 - ECONOMIA E GESTIONE DELLE IMPRESE
English
Con Impact Factor ISI
Conceptual; Co-evolution; Infrastructure; Public-private partnerships; Real estate; Urban
Abatecola, G., Mari, M., Poggesi, S. (2020). How can virtuous real estate public-private partnerships be developed? Towards a co-evolutionary perspective. CITIES, 107, 102896 [10.1016/j.cities.2020.102896].
Abatecola, G; Mari, M; Poggesi, S
Articolo su rivista
File in questo prodotto:
File Dimensione Formato  
Cities_Final Published_10_09_20.pdf

solo utenti autorizzati

Descrizione: Cities- Article Text
Tipologia: Versione Editoriale (PDF)
Licenza: Copyright dell'editore
Dimensione 4.94 MB
Formato Adobe PDF
4.94 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/264137
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 10
  • ???jsp.display-item.citation.isi??? 8
social impact