Public-Private Partnerships: A Public Economics Perspective

29 Pages Posted: 17 May 2006

See all articles by Efraim Sadka

Efraim Sadka

Tel Aviv University - Eitan Berglas School of Economics; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute); IZA Institute of Labor Economics

Date Written: March 2006

Abstract

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.

Keywords: PPP, private-finance initiative, build-operate-transfer

JEL Classification: D61, D73, H41, H43, H54, H57

Suggested Citation

Sadka, Efraim, Public-Private Partnerships: A Public Economics Perspective (March 2006). IMF Working Paper, Vol. , pp. 1-29, 2006. Available at SSRN: https://ssrn.com/abstract=901868

Efraim Sadka (Contact Author)

Tel Aviv University - Eitan Berglas School of Economics ( email )

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National Bureau of Economic Research (NBER)

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CESifo (Center for Economic Studies and Ifo Institute)

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IZA Institute of Labor Economics

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