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Pré-Publication, Document De Travail Année : 2014

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

Résumé

In this paper, we examine whether budget-constrained public authorities are more likely to use a PPP (Public Private Partnership) than traditional procurement methods. Then, we study the possible mechanisms underlying this choice. Our empirical test focuse s on France and consists of a two-stage approach. First, we examine the impact of budget constraints on the use of PPPs and find a positive relationship. Second, to better delineate the debt hiding effect, we exploit the 2011 changes to the ability to underwrite PPP debts. We find that debt hiding is a relevant, but not a sufficient element to explain budget-constrained governments’ attitudes towards PPP
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Dates et versions

halshs-01091725 , version 1 (05-12-2014)

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  • HAL Id : halshs-01091725 , version 1

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Marco Buso, Frédéric Marty, Tran-Phuong Tra. Public Private Partnership from Budget Constraints: Looking for Debt Hiding?. 2014. ⟨halshs-01091725⟩
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