The European Investment Bank as Policy Entrepreneur and the Promotion of Public-Private Partnerships

Abstract

the european investment bank as policy entrepreneur and the promotion of public-private partnerships moritz liebe, university of trier david howarth, university of luxembourg authors’ pre-print version. this differs from the final published version. please cite as: liebe, m. and howarth, d. (2019) ‘the european investment bank as policy entrepreneur and the promotion of public-private partnerships’, new political economy, early view, doi: 10.1080/13563467.2019.1586862 abstract this paper focuses on the important role of the european investment bank (eib) in the european union’s promotion of public-private partnerships (ppps). we first demonstrate the relative importance of the eib in relation to the european commission on the promotion of ppps. we then argue that the activism of the eib on ppps can be explained in terms of the bank’s operation as a policy entrepreneur. the paper further explains that the entrepreneurial role of the eib with regard to ppps relied massively on the presence of a small number of, principally british, ‘norm entrepreneurs’ who actively promoted the ppp concept and the specific norms that supported it within the eib. while there are indications that the eib operated as a rational actor in its promotion of ppps, we argue that ideas ultimately drove the pro-ppp activism of both individual eib officials and the institution collectively. keywords european investment bank, public private partnerships, policy entrepreneurs, norm entrepreneurs, european …

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