Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5077795 | International Journal of Industrial Organization | 2017 | 34 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marco Buso, Frederic Marty, Phuong Tra Tran,