Related Experiment Video
Updated: Jul 25, 2025
14:56
Remote Laboratory Management: Respiratory Virus Diagnostics
Published on: April 6, 2019
33.2K
Public Finance, Fiscal Rules and Public-Private Partnerships: Lessons for Post-COVID-19 Investment Plans
Alessandra Cepparulo1, Giuseppe Eusepi1, Luisa Giuriato1
1Sapienza University of Rome, via Castro Laurenziano 9, 00161 Rome, Italy.
Comparative Economic Studies
|June 26, 2023
Summary
Public-private partnerships (PPPs) are influenced by fiscal rules and public finances, not just efficiency. Stringent rules can encourage opportunistic choices, while high debt deters private investment in PPPs.
Area of Science:
- Economics
- Public Policy
- Infrastructure Finance
Background:
- Public-private partnerships (PPPs) offer potential for public sector innovation and efficiency.
- PPPs can enable governments to circumvent budget and borrowing constraints.
Purpose of the Study:
- To analyze the distribution of PPPs in European Union countries.
- To investigate the impact of fiscal rules and budgetary constraints on PPP adoption.
- To identify drivers influencing PPP choices beyond efficiency.
Main Methods:
- Econometric analysis of PPP distribution across EU countries.
- Control for empirically identified drivers of PPPs.
- Focus on fiscal rules, budgetary constraints, and public finance status.
Main Results:
- The state of public finances significantly influences the choice of PPPs, often for non-efficiency reasons.
- Strict numerical fiscal rules incentivize opportunistic PPP adoption by governments.
- High public debt levels increase country risk, deterring private investors from PPP contracts.
Conclusions:
- PPP investment decisions should be re-aligned with efficiency criteria.
- Fiscal rules need adaptation to protect public investment and stabilize private expectations.
- Credible debt reduction trajectories are crucial for private investor confidence in PPPs.
Related Concept Videos
01:22Healthcare Associated Infections II: Preventive Measures
2.7K
Essential infection prevention measures are based on the knowledge of the infection chain, the modes of transmission in healthcare settings, and the use of the best practices in all healthcare settings. Compulsory public reporting of healthcare-associated infection rates is needed to allow individuals and the community to make informed choices regarding selecting a healthcare facility.
The best practices for preventing healthcare-associated infections include hand hygiene, patient risk...
The best practices for preventing healthcare-associated infections include hand hygiene, patient risk...
2.7K
01:30Community Based Intervention
66
Community-based interventions in mental health represent a paradigm shift from institution-centered care to treatments embedded within the fabric of local communities. By prioritizing inclusion and leveraging existing societal structures, this approach fosters a supportive environment conducive to addressing mental health challenges while promoting individual dignity and agency.
Foundations of Community Mental Health Programs
Central to the success of community-based interventions is the...
Foundations of Community Mental Health Programs
Central to the success of community-based interventions is the...
66
01:03Drug Control Governance: Regulatory Bodies and Their Impact
191
Drug control governance involves the oversight and regulation of pharmaceuticals to ensure their safety and efficacy while preventing illegal drug use and trafficking. Regulatory bodies, including the US Food and Drug Administration (FDA) and the European Union's European Medicines Agency (EMA), play a central role in this process. These agencies evaluate the safety and efficacy of drugs before they can be marketed. They fund clinical trials and assess the benefits and risks associated with...
191
01:26Methods Of Healthcare Delivery System
3.3K
At the different levels of the healthcare system, we see varying methods of healthcare used. These methods include managed care systems, case management, and primary healthcare.
Managed Care System:
The managed care system is designed to control the cost while maintaining the quality of care. The patient's care from admission to discharge is planned by the primary care provider or the case manager, also known as the gatekeeper. In a managed care system, the number of care providers is...
Managed Care System:
The managed care system is designed to control the cost while maintaining the quality of care. The patient's care from admission to discharge is planned by the primary care provider or the case manager, also known as the gatekeeper. In a managed care system, the number of care providers is...
3.3K
01:18Steps in Outbreak Investigation
155
In the ever-evolving field of public health, statistical analysis serves as a cornerstone for understanding and managing disease outbreaks. By leveraging various statistical tools, health professionals can predict potential outbreaks, analyze ongoing situations, and devise effective responses to mitigate impact. For that to happen, there are a few possible stages of the analysis:
155
01:28Global Regulatory Systems
45
Global regulatory systems in bacteria enable rapid and coordinated responses to environmental changes by integrating sensory inputs with gene expression, ensuring efficient adaptation to fluctuating conditions. Key global regulatory mechanisms include regulons, two-component systems, sigma factors, and secondary messengers.Regulons and Global RegulatorsA regulon is a collection of genes and operons controlled by a common global regulator. These regulators enable bacteria to prioritize resource...
45