Public-Private Partnerships: A Public Economics Perspective
Tel Aviv University - Eitan Berglas School of Economics; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Institute for the Study of Labor (IZA)
IMF Working Paper No. 06/77
Public-private partnerships (PPPs) involve the supply by the private sector of infrastructure and services deriving from infrastructure assets which have traditionally been supplied by the public sector. PPPs are spreading all over the world. It may be quite plausible that such arrangements were initially an attempt to evade expenditure controls and hide public budget deficits. But if they are properly designed and transparently reported, PPPs can enhance the efficiency of the provision of services that were formerly supplied solely by the public sector. This paper provides a public economics perspective on PPPs.
Number of Pages in PDF File: 29
Keywords: PPP, private-finance initiative, build-operate-transfer
JEL Classification: D61, D73, H41, H43, H54, H57working papers series
Date posted: May 17, 2006
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