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

Marco Buso, Frédéric Marty and Phuong Tra Tran

International Journal of Industrial Organization, 2017, vol. 51, issue C, 56-84

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.

Keywords: Public-private partnership; Debt hiding; Budget constraint (search for similar items in EconPapers)
JEL-codes: C23 C41 H54 L32 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Related works:
Working Paper: Public-private partnerships from budget constraints: Looking for debt hiding? (2017)
Working Paper: Public Private Partnerships from Budget Constraints: Looking for Debt Hiding? (2016)
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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Persistent link: https://EconPapers.repec.org/RePEc:eee:indorg:v:51:y:2017:i:c:p:56-84

DOI: 10.1016/j.ijindorg.2016.12.002

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