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Infrastructures, Public Accounts and Public-Private Partnerships: Evidence from the Italian Local Administrations

Author

Listed:
  • Federico Antellini Russo
  • Roberto Zampino

Abstract

Public-Private Partnerships (PPPs) have been widely advocated as flexible contractual solutions enabling the public sector to profit from private firms’ innovative solutions for providing additional (possibly by increasing the infrastructural stock) and more valuable public services. Recently, however, practitioners and academics alike have cast doubts on a possible opportunistic use of PPPs: instead of an efficient option to fill infrastructural gaps across different social and economic areas, PPPs may be employed as a privileged way to face periods of fiscal consolidation or those on a tight budget. In order to shed some light on this suspicion, we construct an original dataset containing PPPs’ tender notice information, budget results of the Italian Municipalities aggregated at provincial level, per capita wealth, indexes of infrastructural stocks and morpho-demographic information on local areas. Our findings highlights i) a feeble linkage between the decision to deploy a PPP and the existence of an infrastructural gap, and ii) a strong relationship between the number of deployed PPP procedures and the local budgetary results.

Suggested Citation

  • Federico Antellini Russo & Roberto Zampino, 2012. "Infrastructures, Public Accounts and Public-Private Partnerships: Evidence from the Italian Local Administrations," Review of Economics and Institutions, Università di Perugia, vol. 3(1).
  • Handle: RePEc:pia:review:v:3:y:2012:i:1:n:4
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    More about this item

    Keywords

    infrastructural gap; municipality finance; public-private partnerships;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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