English, Article, Journal or magazine article edition: How expensive are cost savings? On the economics of public-private partnerships Valila, Timo

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Bookmark: http://trove.nla.gov.au/version/3418
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • How expensive are cost savings? On the economics of public-private partnerships
Author
  • Valila, Timo
Physical Description
  • preprint
Notes
  • Public-private partnerships have emerged as an alternative to traditional public procurement in financing and providing infrastructure services. This paper considers public-private partnerships as another form of public sector intervention in the economy. It analyses the microeconomic pros and cons of publicprivate partnerships by identifying the sources of both higher benefits and higher costs associated with them, as compared to traditional public investment. Such analysis allows the outlining of the conditions under which public-private partnerships may be the optimal form of public sector intervention. In addition, the paper considers public-private partnerships from a macroeconomic perspective, focussing on their impact on fiscal policy and aggregate growth.
  • public-private partnerships; procurement; economic efficiency
  • RePEc:ris:eibpap:2005_004
Language
  • English
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