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.
Lingua originale | Inglese |
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pagine (da-a) | 56-84 |
Numero di pagine | 29 |
Rivista | International Journal of Industrial Organization |
Volume | 2017/51 |
Numero di pubblicazione | March |
DOI | |
Stato di pubblicazione | Pubblicato - 2017 |
Pubblicato esternamente | Sì |
All Science Journal Classification (ASJC) codes
- Relazioni Industriali
- Ingegneria Aerospaziale
- Strategia e Management
- Ingegneria Industriale e della Produzione
Keywords
- Budget Constraint
- Debt hiding
- Public Private Partnership