Public-private partnerships from budget constraints: Looking for debt hiding?

Marco Buso, Frederic Marty, Phuong Tra Tran

Research output: Contribution to journalArticlepeer-review

19 Citations (Scopus)

Abstract

The use of Public-Private Partnerships (PPPs) to realize and operate public infrastructures is often associated with fiscal-circumventing motivations. Using data at the municipal level, this paper investigates whether budget-constrained public authorities adopt PPPs in order to hide public debt. The results show that financial difficulties often lead to a preference for PPPs instead of traditional forms of public procurement, but this behavior is not explained by the possibility of debt-hiding. Explanations for these findings are discussed.
Original languageEnglish
Pages (from-to)56-84
Number of pages29
JournalInternational Journal of Industrial Organization
Volume2017/51
DOIs
Publication statusPublished - 2017

Keywords

  • Budget Constraint
  • Debt hiding
  • Public Private Partnership

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