Economic integration of Germany with EU through Effective implementation of Public Private Partnership
DOI:
https://doi.org/10.57125/FEL.2024.06.25.10Keywords:
economic integration, economic policies, EU, Germany, PLS-SEM analysis, public private partnerships, regulatory frameworks, stakeholder collaborationAbstract
This quantitative study employs Partial Least Squares Structural Equation Modeling (PLS-SEM) to investigate the efficacy of Public-Private Partnerships (PPPs) in fostering economic integration within the European Union (EU), with a specific focus on Germany. This study was grounded in insights gathered from 250 respondents employed across various sectors of Public-Private Partnerships (PPPs) in Germany. It aimed to elucidate effective aspects of PPP strategies and identify areas requiring further enhancement. The key findings highlighted that the improved collaboration of stakeholders and enabling legal environment were part of the implementation success of the PPPs. The quantitative analysis revealed statistically significant relationships with a path coefficient of, respectively: 0.35 (p < 0.01) from stakeholder teamwork and 0.30 (p < 0.01) from regulatory environment effectiveness to correlate strongly with positive perceptions of PPPs performance. This study represented a very key contribution since there was a concentration on a gap within the existing studies that paid less attention to the exploration of the dynamic interplay of regulatory frameworks and collaboration of stakeholders in PPPs. In fact, the documentary analysis has been conducted to bolster findings and enhance the reliability of drawing conclusions. This approach did not only reiterate the general perceptions of the effectiveness of PPPs but also ground a basis for proposing legislative and strategic enhancements. This emphasized significant implications for policymakers and PPPs practitioners, highlighting that enhanced regulatory support and stakeholder collaboration would greatly enhance the contributions of PPPs toward the economic integration objectives of the EU. It, therefore, brought out the need for considering holistically the economic unity and cross-national alignment of regulatory considerations in the development of long-term PPPs strategies that contribute to the broader discourse in the EU on economic policy and infrastructure development.
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