Mind the gap: accountability and value for money in public private partnerships
AbstractThe increasing popularity of public private partnerships (PPP) raises important challenges in terms of protecting the public interest and maintaining accountability for the expenditure of public funds. This paper explores the principal mechanisms for addressing accountability concerns in the context of PPP. It focuses on the case of the Republic of Ireland. While recognising that a balance must be struck between protecting the public interest and creating conditions for competitive procurement it is argued that the balance is tipped in favour of the latter. The scope for improving accountability through parliamentary oversight is narrowed by the paucity of detailed analysis by the Comptroller and Auditor General and limits to the power of parliamentary committees to fully examine PPP. The paper also finds shortcomings in the conduct of value for money assessments. These problems undermine the objectivity of such assessments and reduce their worth as mechanisms for enhanced public accountability.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2010-34.
Date of creation: 30 Sep 2010
Date of revision:
Procurement; Public Private Partnerships; Accountability; Project Evaluation;
Find related papers by JEL classification:
- D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- H40 - Public Economics - - Publicly Provided Goods - - - General
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (DEMM Working Papers).
If references are entirely missing, you can add them using this form.