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

Marco Buso (), Frédéric Marty and Tra Tran Phuong ()
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Marco Buso: University of Padova
Tra Tran Phuong: University of Paris

No 189, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: In this paper, we examine whether budget-constrained public authorities are more likely to use a PPP (Public Private Partnership) than traditional procurement methods. Then, we study the possible mechanisms underlying this choice. Our empirical test focuses on France and consists of a two-stage approach. First, we examine the impact of budget constraints on the use of PPPs and find a positive relationship. Second, to better delineate the debt hiding effect, we exploit the 2011 changes to the ability to underwrite PPP debts. We find that debt hiding is a relevant, but not a sufficient element to explain budget-constrained governmentsÕ attitudes towards PPP.

Pages: 42 pages
Date: 2014-11
New Economics Papers: this item is included in nep-pub
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https://economia.unipd.it/sites/economia.unipd.it/files/20140189.pdf (application/pdf)

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 Partnerships from Budget Constraints: Looking for Debt Hiding? (2016)
Working Paper: Public Private Partnership from Budget Constraints: Looking for Debt Hiding? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0189

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