Public-Private Partnerships : A Public Economics Perspective / Efraim Sadka.

Format:

Book

Government document

Author/Creator:

Sadka, Efraim.

Contributor:

International Monetary Fund. Fiscal Affairs Department.

Series:

IMF Working Papers; Working Paper ; No. 2006/077

IMF Working Papers

Language:

English

Subjects (All):

Budget deficits.

Debts, Public.

Infrastructure (Economics).

Public-private sector cooperation.

Physical Description:

1 online resource (29 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

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.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. THE SCOPE OF PUBLIC-PRIVATE PARTNERSHIPS""; ""III. BUILD-OPERATE""; ""IV. IDENTIFICATION OF THE ENDOGENOUS AND EXOGENOUS RISKS""; ""V. “WHITE ELEPHANTS�""; ""VI. COST-BENEFIT ANALYSIS: PRICES AND DISCOUNT RATES""; ""VII. THE ALLOCATION OF RISK BETWEEN THE PUBLIC AND PRIVATE PARTNERS""; ""VIII. TRANSFER OF THE FACILITY""; ""IX. PIGOUVIAN TAXATION""; ""X. OFF-BUDGET INVESTMENTS AND RESOURCE ACCOUNTING""; ""XI. POLITICAL ECONOMY CONSIDERATIONS""; ""XII. CASE STUDY: CROSS-ISRAEL HIGHWAY""; ""XIII. CONCLUSION""; ""References""

Notes:

"March 2006."

Description based on print version record.

ISBN:

9786613830463

9781462397235

1462397239

9781452776385

1452776385

9781283518017

1283518015

9781451988000

1451988001

OCLC:

694141094