Sustainability | Free Full-Text | Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

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Within the preliminary levels of the adoption and institutionalization of Public-Non-public Partnerships (PPPs), nationwide governments of transitional economies have accepted, developed, and arranged Public-Non-public Partnerships with various levels of success. This research goals to analyze the vital success elements (CSFs) influencing the institution of a sustainable Public-Non-public Partnership in transition circumstances. Within the first a part of the paper, based mostly on an intensive evaluation of the literature, earlier research and related outcomes on this subject are introduced as a background for this analysis. Within the second a part of this text, the survey used an element evaluation, which, with the appliance of the Principal Element Evaluation and Varimax methodology with Kaiser normalization, has extracted 4 CSFs: (1) the institution of a central PPP unit—data heart; (2) the institution of a appropriate authorized/regulatory framework; (3) growth of nationwide PPP insurance policies and methods; and (4) standardization and transparency of the method. Within the concluding remarks, the authors handle the views and methodological analysis constraints, inspecting prospects to develop new data and extra environment friendly Public-Non-public Partnership implementation within the growing PPP markets of transitional economies.
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