Demonstration Effect Theory: A Theoretical Framework of Regulating PPP Reform
Economics
Volume 6, Issue 2, April 2017, Pages: 24-29
Received: Jun. 6, 2017; Published: Jun. 6, 2017
Views 2037      Downloads 89
Authors
Fu-guo Cao, The School of Finance and Taxation, Central University of Finance and Economics, Beijing, P. R. China
De-yun Zhen, The School of Finance and Taxation, Central University of Finance and Economics, Beijing, P. R. China
Ke Gao, The School of Finance and Taxation, Central University of Finance and Economics, Beijing, P. R. China
Xiao Feng, The School of Government, Central University of Finance and Economics, Beijing, P. R. China
Ping Ye, The School of Business, Central University of Finance and Economics, Beijing, P. R. China
Article Tools
Follow on us
Abstract
PPP (public private partnership) is not only a world trend, but also a Chinese story. Without the guidance of demonstration effect theory, it is hard to interpret the success of PPP in China. However, the lack of research on the demonstration effect theory and the basic logic of explaining the demonstration effect to promote government governance in the background of PPP and supply side reform. This study finds the model promotes the governance of the PPP market mainly through four logical paths, such as solving externalities, government increasing credit, contractual control rights and supplying high-quality information lists. And based on these conclusions, the government should be committed to protecting and supporting enterprises, supplying free high-quality project information, establishing a long-term mechanism to guide the social capital to continuously enter the market.
Keywords
Demonstration Effect, Supply Side Reform, Contractual Control Right
To cite this article
Fu-guo Cao, De-yun Zhen, Ke Gao, Xiao Feng, Ping Ye, Demonstration Effect Theory: A Theoretical Framework of Regulating PPP Reform, Economics. Vol. 6, No. 2, 2017, pp. 24-29. doi: 10.11648/j.eco.20170602.11
References
[1]
Jingdong qu. project: a new state governance system [J] Social Sciences In China, 2012 (5): 113-130.
[2]
Murphy, Kevin M, Andrei Shleifer, and Robert W Vishny industrialization and big push [J]. journal of political Economics, 1989 (97): 1003-1026.
[3]
Yifu lin. New Structural Economics [M]. Beijing. Peking University Press, 2012, 2-12.
[4]
Walter S. Bear. Analysis of federally funded demonstration projects: executive summary [R]. America: Rand company, 1976.
[5]
Susan M. Macey, Marilyn A. Brown. Demonstration as a policy Instrument with Energy Technology example [J]. Science communication, 1990 (11), 219-236.
[6]
T. K. GLENNAN, Jr., W.F.HEDERMAN, jr., L. L. JOHNSON, R. A. RETTIG. The role of demonstrations in federal R&D policy [R]. America: Rand company, 1976.
[7]
Hanwei Zhang Yue Guo. Research on the Influence Mechanism of Government Demonstration Project on Technological Innovation [J]. Technology and Law, 2014 (6): 1055-1073.
[8]
Chris Hendry, Paul Harborne, James Brown. So what do innovating Companies Really Get from public funded demonstration projects and trials? Innovation lessons from solar photovoltaic sand wind [J]. Energy policy, 2010 (38): 4507-4519.
[9]
Jun su Hanwei Zhang. "Demonstration" in the context of technological innovation: stages.
[10]
Projects and tools [J]. Chinese Soft Science, 2014 (12): 60-66. Min Ye Wansheng Xiong. "Demonstration": a central mechanism for the implementation of Chinese policy [J]. Journal of Public Administration, 2013 (4): 15-25.
[11]
Gang Gong. On the Reform of Supply Side under the New Normal [J]. Journal of Nankai University (Philosophy and Social Sciences), 2016 (2): 17-22.
[12]
Angang Hu Shaojie Zhou. Supply side structural reform [J]. Journal of Tsinghua University (Philosophy and Social Sciences), 2016 (2): 17-22.
[13]
Jianjiang Song. Government credit growth, loan efficiency and economic growth [J]. Financial Development Review, 2016 (3): 130-13.
[14]
JunSheng Li Dongmin Dong. On the Nature of Internet Search Service and Its Market Supply [J]. Manage World, 2016 (8): 1-15.
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186