Public Private Partnerships from Budget Constraints: Looking for Debt HidingReport as inadecuate




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1 Universita degli Studi di Padova 2 GREDEG - Groupe de Recherche en Droit, Economie et Gestion 3 IAE Paris - Institut d-Administration des Entreprises - Paris

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





Author: Marco Buso - Frédéric Marty - Tran-Phuong Tra -

Source: https://hal.archives-ouvertes.fr/



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