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Public Private Partnerships from Budget Constraints: Looking for Debt Hiding?

Listed author(s):
  • Marco Buso

    (UNIVERSITA 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 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.

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Paper provided by HAL in its series Working Papers with number halshs-01275217.

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Date of creation: 17 Feb 2016
Handle: RePEc:hal:wpaper:halshs-01275217
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