scholarly journals Institutional aspects of development of regional PPP Projects

2020 ◽  
Vol 210 ◽  
pp. 13027
Author(s):  
Svetlana Chudnovskaya ◽  
Tatiana Vlasova ◽  
Mikhail Volkov ◽  
Viktoriya Tsvetkova
Keyword(s):  
Socioeconomic Factors ◽  
Socioeconomic Development ◽  
Institutional Environment ◽  
Legal Framework ◽  
Public Private Partnership ◽  
Regional Level ◽  
Private Partnership ◽  
Institutional Aspects ◽  
Private Investors

The relevance of research into institutional aspects of public-private partnership (PPP) is evidenced by the continuously increasing role of research-and-technology, information technology, territorial and socioeconomic factors of influence on the development and implementation of regional PPP projects aimed at improving social welfare and accelerating the rate of socioeconomic development of Russia’s regions. Systemic impact of technical, technological, territorial and socioeconomic factors stipulates the need for the development of institutional environment of PPPs, which implies taking measures for protecting private investments and interests of private investors. This impact also predetermines the necessity to improve the currently existing institutional models of informational-legal base that ensure integration processes of managing PPP projects, with taking into consideration of regional differences and excess investment risks. In this regard, the present paper is aimed at detecting problems of development of PPP’s institutional environment at the regional level. The solution of these problems will allow elaborating models of institutional environment having integrated legal and regulatory framework, transparent and intelligible procedures and standing orders that are necessary when implementing complex socioeconomic projects of public importance for the development of regions. The authors of the paper have defined the role of institutional environment of public-private partnership (PPP) and municipal public-private partnership (MPPP) in the development of a region. The paper provides the results of generalized analysis of factors of development of institutional environment and regulatory-legal framework at the regional level. There were defined problems entailing the performance risks concerning the support of regional projects by public partners and risks of integrated models of interagency interaction at the stages of elaboration, selection and making decisions on implementing PPP and MPPP projects, performing measures of control, maintenance, monitoring and maintaining a register of PPP projects. The results of the research given in the paper are of applied importance for both academicians and practical workers, especially in using the assessments of a development level of institutional environment and legal framework when preparing or implementing projects on improving a region.

Regional institutional environment of public-private partnership: The case study of the Ural Federal District regions. Part 2

2021 ◽  
Vol 19 (1) ◽  
pp. 55-71
Author(s):  
Svetlana V. PANIKAROVA ◽  
Mikhail L. KUKLINOV ◽  
Vladimir V. YUGOV ◽  
Yana S. KHOKHRYAKOVA
Keyword(s):  
Continuous Improvement ◽  
Institutional Environment ◽  
Federal District ◽  
Public Private Partnership ◽  
Investment Climate ◽  
Private Partnership ◽  
Private And Public ◽  
Institutional Aspects ◽  
Institutional Traps

Subject. This article discusses the issues related to regulatory support for public-private partnership in the regions of the Ural Federal District. Objectives. The article aims to assess the institutional aspects of public-private partnership. Methods. For the study, we used a comparative analysis and the tabular methods to interpret the collected data. Results. The article points to the positive changes in the development of public-private partnership in the regions of the Ural Federal District. It also identifies institutional traps in local legislation and offers some recommendations to improve the investment climate. Conclusions. The article concludes that all the prerequisites for effective cooperation between private and public capitals have been created in the Ural Federal District regions. The development of public-private partnership is not possible without the continuous improvement of the institutional environment.

scholarly journals Institutional entrepreneurship: collaborative change in a complex Canadian organization

2021 ◽  
Vol 34 (9) ◽  
pp. 284-314
Author(s):  
Michael Opara ◽  
Oliver Nnamdi Okafor ◽  
Akolisa Ufodike ◽  
Kenneth Kalu
Keyword(s):  
Institutional Change ◽  
Institutional Environment ◽  
Public Private Partnership ◽  
Organizational Setting ◽  
Institutional Entrepreneurship ◽  
Private Partnership ◽  
Content Type ◽  
Social Actors ◽  
Adoption And Implementation

PurposeThis study adopts an institutional entrepreneurship perspective in the context of public–private partnerships (P3s) to highlight the role of social actors in enacting institutional change in a complex organizational setting. By studying the actions of two prominent social actors, the authors argue that successful institutional change is the result of dynamic managerial activity supported by political clout, organizational authority and the social positioning of actors.Design/methodology/approachThe authors conducted a field-based case study in a complex institutional and organizational setting in Alberta, Canada. The authors employed an institutional entrepreneurship perspective to identify and analyze the activities of two allied actors motivated to transform the institutional environment for public infrastructure delivery.FindingsThe empirical study suggests that the implementation of institutional change is both individualistic and collaborative. Moreover, it is grounded in everyday organizational practices and activities and involves a coalition of allies invested in enacting lasting change in organizational practice(s), even when maintaining the status quo seems advantageous.Originality/valueThe authors critique the structural explanations that dominate the literature on public–private partnership implementation, which downplays the role of agency and minimizes its interplay with institutional logics in effecting institutional change. Rather, the authors demonstrate that, given the observed impact of social actors, public–private partnership adoption and implementation can be theorized as a social phenomenon.

scholarly journals On the Development of Public-Private Partnership in the Field of Housing and Communal Services

2021 ◽  
pp. 154-162
Author(s):  
D. T. Dzgoeva ◽  
L. A. Savelchev
Keyword(s):  
Legal Framework ◽  
Public Private Partnership ◽  
The State ◽  
Public And Private ◽  
Unique Type ◽  
Private Partnership ◽  
Scientific Methods ◽  
Private Investors ◽  
Practical Recommendations ◽  
Made In

Objective. To study the features of public-private partnership in the field of housing and communal services in order to develop theoretical and practical recommendations for improving the mechanisms of public-private partnership in the field of housing and communal services.Results. Based on the theoretical bases and scientific methods of research, the essence of public-private partnership (hereinafter — PPP) as a special type of relationship between public and private sectors; the practice of application of mechanisms of state-private partnership in the sphere of housing and communal services on the example system of centralized water supply «Ladozhskiy vodovod Vsevolozhskogo munitsipal’nogo rayona Leningradskoy oblasti». Problems were identified and recommendations were made in five main areas related to the development of PPP projects in the field of housing and communal services.Conclusions. First, PPP is a unique type of relationship between the state and business, which allows meeting the needs of both public and private entities. Differences in the composition of obligations and functions, as well as the rights (entitlements) of the subjects of the agreement form different types of forms and mechanisms (types and schemes), as well as a number of models of public-private partnership.Secondly, the popularity of PPPs in a particular country depends on the models of interaction between the state and private investors and on the strictness of legislation.Third, on the example of a real Concession, five universal recommendations (bases) for the development of public-private partnership mechanisms in the sphere of housing and communal services were proposed: organizational component, financial instrument, risks, choice of PPP model and legal framework.

scholarly journals Features of the Institutional Environment of Public-Private Partnership in Russia: Regional Aspect

2021 ◽  
Vol 14 (4) ◽  
pp. 56-66
Author(s):  
N. S. Moguchev ◽  
A. F. Khuzina
Keyword(s):  
Institutional Environment ◽  
Public Private Partnership ◽  
Regional Level ◽  
Information Support ◽  
Current Crisis ◽  
Private Partnership ◽  
Investment Projects ◽  
Regional Aspect ◽  
Scientific Value

In the current crisis economic conditions, the public-private partnership (PPP) mechanism can be used as one of the key ways to attract extra-budgetary sources of funds for the implementation of investment projects at the regional level. Despite the growing number of PPP projects in Russia, the presence of significant institutional constraints at the regional level hinder the further development of this mechanism. In particular, there is a lack of interconnection of PPP projects with long-term investment and state development programs at the regional level, low sectoral diversity of projects, high dependence of PPP projects on state financial institutions, and insufficient information support of regional PPP practices. The situation is aggravated by the lack of long-term money in the economy against the backdrop of limited private partners’ funds for the implementation of long-term PPP projects, as well as by existing legal restrictions. The practical purpose and scientific value of this article lie in the construction of a holistic and logical vision of solving the identified institutional problems of PPP development at the regional level.

scholarly journals Development of public-private partnership in Primorsky Krai: major trends, factors and prospects

2020 ◽  
Vol 2020 (3) ◽  
pp. 50-58
Author(s):  
Tatiana Aleksandrovna Levchenko
Keyword(s):  
Institutional Environment ◽  
Private Investment ◽  
Federal District ◽  
Public Private Partnership ◽  
Transport Sector ◽  
Primorsky Krai ◽  
Private Partnership ◽  
Partnership Development ◽  
Private Investors ◽  
Far Eastern

The article touches upon the problems of public-private partnership which is a relatively new tool for the regional development in Russia due to attracting additional private investments, including foreign ones, directed to the implementation of strategically and socially important projects. Today the development of public-private partnerships in the constituent entities of the Russian Federation remains uneven, there is a lack of private investment in some federal districts, including the Far Eastern Federal District, despite the priorities of the state policy. The rating of the regions of the Far Eastern Federal District by the level of public-private partnership development in 2018-2019 has been presented. There has been studied the development of public-private partnership in Primorsky Krai in comparison with other regions of the Far Eastern Federal District, the meaning of the set of its constituent factors is revealed: development of the institutional environment, regulatory support and experience in implementing projects using public-private partnership mechanisms. The different forms of support for private investors used in Primorsky Krai have been analyzed. The factors hindering the development of public-private partnership in Primorye are formulated: lack of well-functioning mechanisms of communication between business and government in the projects of investment implementation, high risks for the private partners, and difficulties in attracting the required amount of investment. To minimize their action, there have been proposed measures for promoting public-private partnership mechanisms, raising the level of awareness of private investors, creating conditions to minimize risks for a private partner, developing the competencies of state bodies, introducing advanced practices in project preparation and management, expanding the range of projects with a focus on the transport sector.

scholarly journals THE ROLE OF THE MIDDLE EAST INVESTMEN INITIATIVE (MEII) IN DEVELOPMENT IN THE WEST BANK, PALESTINE IN THE U.S.-PALESTINE PARTNERSHIP (UPP) FRAMEWORK

2018 ◽  
Author(s):  
Presya Ramadhan
Keyword(s):  
Middle East ◽  
Private Sector ◽  
West Bank ◽  
Public Private Partnership ◽  
The West ◽  
Private Partnership ◽  
Security Issues ◽  
Private Sector Investment ◽  
The U.S

This paper examines the role of Middle East Investment Initiative (MEII) in development in the West Bank, Palestine in the U.S.-Palestine Partnership (UPP) framework. Answering the question of how the role of the Middle East Investment Initiative (MEII) in development in Palestine in the US-Palestine Partnership (UPP) framework and how the contribution of Public-Private Partnership (PPP) to development in Palestine, the author's thesis statement is that amid diplomatic and territorial disputes, The Middle East Investment Initiative (MEII) as a public-private partnership becomes the main channel for collecting and channeling development assistance such as resources and private sector investment that can benefit the West Bank and bring prosperity to people Palestinians. While the private sector such as the Middle East Investment Initiative (MEII) cannot do much to address diplomacy or security issues, the private sector can play an equally important role through the contribution of resources and investment to conflict areas such as Palestine to help economic development In the West Bank, Palestine.

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