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Public-private partnerships from budget constraints: Looking for debt hiding?

Listed author(s):
  • Marco Buso

    (Universita degli Studi di Padova)

  • Frédéric Marty

    ()

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - CNRS - Centre National de la Recherche Scientifique)

  • Tran-Phuong Tra

    (IAE Paris - Institut d'Administration des Entreprises - Paris - UP1 - Université Panthéon-Sorbonne)

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 behaviour is not explained by the possibility of debt-hiding. Explanations for these findings are discussed.

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Paper provided by HAL in its series Post-Print with number halshs-01461826.

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Date of creation: 08 Feb 2017
Publication status: Published in International Journal of Industrial Organization, Elsevier, 2017, pp.56-84.
Handle: RePEc:hal:journl:halshs-01461826
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01461826
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