Public-private partnerships from budget constraints: Looking for debt hiding?
Frédéric Marty
- Fonction : Auteur
- PersonId : 708
- IdHAL : frederic-marty
- ORCID : 0000-0002-9881-2036
- IdRef : 075972123
Résumé
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.
Format du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Public-private partnerships from budget constraints: Looking for debt hiding?
|
Résumé |
en
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.
|
Auteur(s) |
Marco Buso
1
, Frédéric Marty
2
, Tran-Phuong Tra
3
1
Unipd -
Università degli Studi di Padova = University of Padua
( 301093 )
- Via 8 Febbraio 2, 35122 Padova
- Italie
2
GREDEG -
Groupe de Recherche en Droit, Economie et Gestion
( 185786 )
- GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - CS 10269 - F
06905 SOPHIA ANTIPOLIS Cedex
- France
3
IAE Paris - Sorbonne Business School
( 300334 )
- 8 bis, rue de la Croix Jarry, 75013, Paris
- France
|
Langue du document |
Anglais
|
Date de production/écriture |
2017-02-08
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2017-02-08
|
Date de publication électronique |
2017-02-08
|
Numéro |
51
|
Page/Identifiant |
56-84
|
URL éditeur |
http://www.sciencedirect.com/science/article/pii/S0167718716304064
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Collaboration/Projet |
|
Mots-clés |
en
Public-private partnership, Debt hiding, Budget constraint
|
Loading...