In many cases, the expected efficiency advantages of public-private partnership (PPP) projects as a specific form of infrastructure provision did not materialize ex post. From a Public Choice perspective, one simple explanation for many of the problems surrounded by the governance of PPPs is that the public decision-makers being involved in the process of initiating and implementing PPP projects (namely, politicians and public bureaucrats) in many situations make low- cost decisions in the sense of Kirchgässner (1948–2017). That is, their decisions may have a high impact on the wealth of the jurisdiction in which the PPP is located (most notably, on the welfare of citizen-taxpayers in this jurisdiction) but, at the same time, these decisions often only have a low impact on the private welfare of the individual decision-makers in politics and bureaucracy. The latter, for example, in many settings often have a low economic incentive to monitor/control what the private-sector partners are doing (or not doing) within a PPP arrangement. The purpose of this paper is to draw greater attention to the problems created by low-cost decisions for the governance of PPPs. Moreover, the paper discusses potential remedies arising from the viewpoint of Public Choice and Constitutional Political Economy.
To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank’s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former adjusted for its quality. The paper presents the LTGM public capital extension and accompanying freely downloadable Excel-based tool. It also constructs a new infrastructure efficiency index, by combining quality indicators for power, roads, and water as a cardinal measure of the quality of public capital in each country. In the model, public investment generates a larger boost to growth if existing stocks of public capital are low, or if public capital is particularly important in the production function. Through the lens of the model and utilizing newly-collated cross-country data, the paper presents three stylized facts and some related policy implications. First, the measured public capital stock is roughly constant as a share of gross domestic product (GDP) across income groups, which implies that the returns to new public investment, and its effect on growth, are roughly constant across development levels. Second, developing countries are relatively short of private capital, which means that private investment provides the largest boost to growth in low-income countries. Third, low-income countries have the lowest quality of public capital and the lowest efficient public capital stock as a share of GDP. Although this does not affect the returns to public investment, it means that improving the efficiency of public investment has a sizable effect on growth in low-income countries. Quantitatively, a permanent 1 ppt GDP increase in public investment boosts growth by around 0.1–0.2 ppts over the following few years (depending on the parameters), with the effect declining over time.
In the current work, it was investigated to the K X-ray fluorescence efficiency and chemical effect on vacancy transfer probability for some tin compounds. We used Br2Tin, TinI2, SeTin, TinF2, TinSO4, TinCl2, TinO and TinS compounds for experimental study. The target samples were irradiated with 241Am annular radioactive source at the intensity of 5 Ci which emits gamma rays at wavelength of 0.2028 nm. The characteristic x-rays emitted because of the excitation are collected by a high-resolution HPGe semiconductor detector. It has been determined that the experimental calculations of the tin (Sn) element are compatible with the theoretical calculation. In addition, we have calculated the experimental intensity ratios, fluorescence yields and total vacancy transfer probabilitiesfor other Sn compounds.
In recent years, the foundry sector has been showing an increased interest in reclamation of used sands. Grain shape, sieve analysis, chemical and thermal characteristics must be uniform while molding the sand for better casting characteristics. The problem that tackled by every foundry industry is that of processing an adequate supply of sand which has the properties to meet many requirements imposed upon while molding and core making. Recently, fluidized bed combustors are becoming core of ‘clean wastes technology’ due to their efficient and clean burning of sand. For proven energy efficient sand reclamation processing, analysis of heating system in fluidized bed combustor (FBC) is required. The objective of current study is to design heating element and analysis of heating system by calculation of heat losses and thermal analysis offluidized bed combustorfor improving efficiency.
Electricity generation around the world is mainly produced by using non-renewable energy sources especially in the commercial buildings. However, Rooftop solar Photovoltaic (PV) system produced a significant impact on environmental and economical benefits in comparison to the conventional energy sources, thus contributing to sustainable development. Such PV’s system encourages the production of electricity without greenhouse gas emissions that leads to a clean alternative to fossil fuels and economic prosperity even in less developed areas. However, efficiency of rooftop solar PV systems depends on many factors, the dominant being geographical (latitude, longitude, and solar intensity), environmental (temperature, wind, humidity, pollution, dust, rain, etc.) and the type of PV (from raw material extraction and procurement, to manufacturing, disposal, and/or recycling) used. During the feasibility analysis of the environment, geographical conditions are keep in well consideration, but the pollution level of the city is always overlooked, which significantly influences the performance of the PV installations.
Therefore, this research work focused on the performance of rooftop solar PV installed in one of the most polluted city in India. Here, the loss in power generation of rooftop solar PV has been studied for the effect of deposited dust particles, wind velocity before and after the cleaning of the panels. The actual data has been utilized for the calculation of the energy efficiency and power output of the PV systems. According to the results, it has been concluded that dust deposition, wind speed and pollution level in city significantly reduces the efficiency of solar photovoltaic panel. Hence, an overview of social and environmental impacts of PV technologies is presented in this paper along with potential benefits and pitfalls.
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