@article{zai2025exploring,
  title = {Exploring Public-Private Partnership frameworks in Europe: Study period 2020–2023},
  author = {Paul V. ZAI and Andreea-M.-V. LAZAR},
  year = 2025,
  url = {https://ibimapublishing.com/articles/JFSR/2025/676799/},
  journal = {Journal of Financial Studies and Research},
  volume = 2025,
  pages = 17,
  doi = 10.5171/2025.676799,
  abstract = {This paper examines both the theoretical frameworks and practical implementations of Public-Private Partnerships (PPPs) within the E.U., with a particular emphasis on their application in Romania. Highlighting a significant gap in existing literature regarding PPP frameworks tailored to Romania's unique socio-economic context, this study addresses the urgent need for localized research.
Utilizing a mixed-methods approach, the research analyzes PPP developments from 2020 to 2023 and forecasts trends for the period 2024 to 2027. The study identifies seven distinct PPP frameworks targeting key sectors, including transport, education, environment, and infrastructure. The methodology involves evaluating allocated funding between 2020 and 2023 and conducting an in-depth analysis of successful PPP initiatives in Romania. Data sourced from Eurostat and the International Monetary Fund (IMF), combined with various statistical modeling techniques, underpin the forecasts related to the growth and distribution of PPPs in the forthcoming years.
By 2020, there were 160 PPPs under development in Romania, and, by 2023, noteworthy advancements had been made in the environment, transport, and education sectors. These insights offer policymakers and practitioners valuable guidance and models for formulating and implementing effective PPP strategies in Romania.
By addressing existing gaps and providing evidence-based recommendations, this study deepens the understanding and effectiveness of PPPs as strategic tools for infrastructure development and enhanced service delivery in Romania. It offers policymakers and practitioners robust frameworks and actionable insights, facilitating the design and implementation of sustainable and adaptable PPP strategies. Additionally, the findings provide valuable lessons applicable beyond Romania, contributing to the broader adoption of PPPs for economic growth, innovation, and improved governance globally.},
  keywords = {E.U. approach, openness, Public-Private Partnerships, funding allocation},
  note = Article ID: 676799
}