Public Private Partnerships from Budget Constraints: Looking for Debt Hiding?

Marco Buso, Frédéric Marty and Phuong Tra Tran
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Marco Buso: Unipd - Università degli Studi di Padova = University of Padua

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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 debts. The results show that financial di culties often lead to a preference for PPPs instead of traditional forms of public procure- ment. However, this behavior is not explained by the possibility of debt hiding. We then discuss alternative explanations for these findings.

Keywords: Public-Private Partnership; debt hiding; budget constraint (search for similar items in EconPapers)
Date: 2016-02-17
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01275217
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Public-private partnerships from budget constraints: Looking for debt hiding? (2017)
Working Paper: Public-private partnerships from budget constraints: Looking for debt hiding? (2017)
Working Paper: Public Private Partnership from Budget Constraints: Looking for Debt Hiding? (2014)
Working Paper: Public Private Partnership from Budget Constraints: Looking for Debt Hiding? (2014)
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