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8 février 2017
- handle: 10670/1.scz7s9
- halshs: halshs-01461826
Mots-clés
Public-private partnership Debt hiding Budget constraint C - Mathematical and Quantitative Methods/C.C4 - Econometric and Statistical Methods: Special Topics/C.C4.C41 - Duration Analysis • Optimal Timing Strategies C - Mathematical and Quantitative Methods/C.C2 - Single Equation Models • Single Variables/C.C2.C23 - Panel Data Models • Spatio-temporal Models H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H54 - Infrastructures • Other Public Investment and Capital Stock L - Industrial Organization/L.L3 - Nonprofit Organizations and Public Enterprise/L.L3.L32 - Public Enterprises • Public-Private EnterprisesSujets proches
Public-private partnerships Public-private sector collaboration Private-public partnerships Private-public sector cooperation Indebtedness BudgetingCiter ce document
Marco Buso et al., « Public-private partnerships from budget constraints: Looking for debt hiding? », HAL-SHS : droit et gestion, ID : 10670/1.scz7s9
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Résumé
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 behaviour is not explained by the possibility of debt-hiding. Explanations for these findings are discussed.