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La Chaire EPPP » Public-Private Partnerships from Budget Constraints: Looking for Debt Hiding?

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

Numéro: 2016-1

Marco BUSO, Frederic MARTY, and Phuong Tra TRAN – Public-Private Partnerships from Budget Constraints: Looking for Debt Hiding?

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 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.

Mots-clés : Public-private partnership , Debt hiding, Budget constraint

 

 

 

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