Jump to ContentJump to Main Navigation
Sovereign Debt and Human Rights$
Users without a subscription are not able to see the full content.

Ilias Bantekas and Cephas Lumina

Print publication date: 2018

Print ISBN-13: 9780198810445

Published to Oxford Scholarship Online: January 2019

DOI: 10.1093/oso/9780198810445.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 15 June 2021

The Financial and Social Cost of Public–Private Partnerships

The Financial and Social Cost of Public–Private Partnerships

Chapter:
(p.106) 6 The Financial and Social Cost of Public–Private Partnerships
Source:
Sovereign Debt and Human Rights
Author(s):

María José Romero

Bodo Ellmers

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198810445.003.0007

Most of the existing literature on public-private partnerships (PPPs) focuses exclusively on the nature and perceived benefits of PPPs, notably their professed efficiency gains in the provision of public goods and services. However, little attention has been devoted to analyzing one of the main drivers of PPPs, that is, their use by governments to hide public debt—through non-transparent accounting practices—and their consequences. In this chapter, we assess the financial and social costs of PPPs and illustrate their impact on public debt and human rights, drawing on several examples in order to offer some lessons from experience to date. The chapter is organized into four sections. The first examines the definition of PPPs and their main characteristics. The second presents the most recent figures available on PPPs. The third analyzes the rationale behind governments’ choice of PPPs over other forms of infrastructure and service provision, by focusing on off-balance sheet accounting. The fourth section presents a critical assessment of PPPs and their impact on sustainable development.

Keywords:   Public-private partnerships, off-balance sheet accounting, accounting practices, fiscal space, risk transfer, social cost, sustainable development

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .