scholarly journals Public-private partnerships: approaches to assessing economic effects for stakeholders

2018 ◽  
Vol 170 ◽  
pp. 01047 ◽  
Author(s):  
Elisaveta Markovskaya ◽  
Viktoria Holodkova ◽  
Dmitry Radushinsky ◽  
Oksana Feoktistova ◽  
Anzhelika Borisova
Keyword(s):  
Public Private Partnership ◽  
The State ◽  
Economic Effects ◽  
Public Private Partnerships ◽  
Property Management ◽  
Fair Price ◽  
State Budget ◽  
Financial Model ◽  
Private Partnership ◽  
Legal Foundations

The article is devoted to the development of such a form of state property management as a public-private partnership. Public-private partnership is one of the most widespread format of interaction between the state and business. The article analyzes the legal foundations and trends in the development of this form of interaction. Modern methods for assessing risks, benefits and effects for different stakeholders of projects implemented in the form of PPPs are considered. The authors propose their approach to building a financial model and assessing the effects of PPP projects. Taking into account risks, the fair price of participation in the PPP project for both parties is estimated. The proposed financial model can be used to calculate the concession fee in tariff-regulated projects where the state is supposed to participate, usually with the subsequent transfer of the ownership for the created object to the state. The results of the work can be used by departmental and regional centers of public-private partnerships, by specialists of private investor companies and tariff regulation bodies when formulating the financial and economic justification for public-private partnership projects, justifying its preference in comparison with other forms of state budget investments.

ДЕРЖАВНО-ПРИВАТНЕ ПАРТНЕРСТВО В АПК УКРАЇНИ: СТРАТЕГІЧНІ АСПЕКТИ

2019 ◽  
pp. 127-136
Author(s):  
Iryna Kosach ◽  
Serhii Zhurman
Keyword(s):  
Economic Policy ◽  
Strategic Management ◽  
Public Private Partnership ◽  
The State ◽  
Public Private Partnerships ◽  
Industrial Complex ◽  
Private Partnership ◽  
Agroindustrial Complex

The article is devoted to the aspects of strategic management of public-private partnership implementation in order to develop the agro-industrial complex of Ukraine. The main possible directions of public-private partnership in agroindustrial complex are considered. It is substantiated that public-private partnership in the field of agro-industrial complex should become the object of strategic management within the framework of the general economic policy of the state. The importance and feasibility of implementing partnerships in the field of agriculture are proved. The measures of strategic management of public-private partnerships implementation to agriculture are proposed. The stages of Strategy of public-private partnership in the agro-industrial complex of Ukraine are considered.

scholarly journals Public-Private Partnerships: Does Russian Practice Follow International Experience?

2019 ◽  
Vol 13 (2) ◽  
pp. 104-113
Author(s):  
Elizaveta Markovskaya ◽  
Victoria Holodkova ◽  
Dmitry Radushinsky
Keyword(s):  
Complex Structure ◽  
Legal Framework ◽  
Public Private Partnership ◽  
Point Of View ◽  
Economic Effects ◽  
Business Partnerships ◽  
Financial Model ◽  
Commercial Development ◽  
Private Partnership ◽  
Evaluation Algorithm

Business partnerships between state agencies and private sector entities represent one of the most common forms ofinteraction between government and the business sector. Moreover, these public-private partnership (PPP) projects canbe a major and effective catalyst for significant social and commercial development in the public sphere.This article is devoted to an analysis of recent changes in the legislative base concerning PPP in the Russian Federation.We intend to identify pragmatic approaches toward assessing the economic effects of PPP involvement for potentialstakeholders, as well as constructing models of financial frameworks for mapping the PPP project implementation. Thisarticle presents the result of testing the financial model that we propose. The ultimate intention is that this model can beused in the preparation of concession agreements and negotiation in the preparation of PPP projects.To achieve this, we analyze the legal framework and development trends of public-private partnership projects,both theoretically and practically. We consider and evaluate PPP from the point of view of 3 aspects: organizational,methodological and managerial. To achieve this, we must identify the interests of the various stakeholders who aredirectly or indirectly interested in the practical results of the project in both a material and a sociopolitical sense.For each of the stakeholders, we identify areas for them to evaluate in the process of analyzing potential PPP projects.This includes the potential quantitative and qualitative results of a project that can be identified and, as a rule, measured,which allows for a standard approach to political and commercial evaluation. As a result, we present an algorithm forbuilding a financial model which accounts for material and seemingly immaterial variablesIt is suggested that this approach to building a financial model and evaluating the effects of PPP projects provides auniquely useful perspective on the field. We utilize the most modern methods for assessing risks, benefits and effects forvarious stakeholders of projects implemented in the form of PPP, and as a result this paper provides ample opportunityfor further development of research. The presentation of the evaluation algorithm for PPP stakeholders takes intoaccount the complex structure of the partnership participants and will be useful for academic, commercial, andadministrative parties.

scholarly journals MODERN ASPECTS OF FINANCIAL SUPPORT OF INVESTMENT ACTIVITY ON THE PRINCIPLE OF PUBLIC-PRIVATE PARTNERSHIP

2020 ◽  
pp. 121-128
Author(s):  
Maksum Mykolayovych Zabashtanskyi ◽  
◽  
Andrii Vitaliyovych Rogovyi ◽  
Keyword(s):  
Financial Support ◽  
Economic Effect ◽  
Public Private Partnership ◽  
State Regulation ◽  
The State ◽  
State Budget ◽  
Investment Activity ◽  
Innovation Development ◽  
Private Partnership ◽  
Role Of The State

Abstract.The article considers modern aspects of financial support of investment activities on the basis of public-private partnership. The expediency of using one of the key forms of public-private partnership -concessions in the process of financial support of investment activities of state and communal economic entities is substantiated. The existence of a significant impact of the mechanism of transformation of the movement of financial resources as a result of concession relations, the practical implementationof which allows to obtain a significant economic effect for the national economy and the state budget. Financial support of their investment and innovation development. The extremely important role of the state in the process of financialsupport of investment activities on the basis of public-private partnership is emphasized. Taking into account the existing approaches of scientists and practitioners to the interpretation of the essence of the categories "state regulation", "state regulation of innovation development" the author's interpretation of the definition "state regulation of innovative development of concession activity" is proposed as a component of concession management system. Increasing financial and economic security.The necessity to singleout among the main tasks of the mechanism of state regulation of financial support of investment and innovation development of concession activity such tasks as: development of financial and economic relations of concession subjects is substantiated; providing practical orientation of research works; innovative renewal of production facilities of concession facilities.The existence of a systemic impact of financial support of investment activities on the basis of public-private partnership on the trajectory of future socio-economic development of the country is proved.

Features of Public-private Partnership as an Economic and Legal Tool for Sustainable Development

2021 ◽  
Vol 17 ◽  
pp. 533-541
Author(s):  
Iaroslav Petrunenko ◽  
Nataliia Vasylieva ◽  
Sergii Prylipko ◽  
Nataliia Kryzyna ◽  
Svitlana Lavrynenko ◽  
...  
Keyword(s):  
Economic Transition ◽  
The Philippines ◽  
Public Private Partnership ◽  
The State ◽  
Social Model ◽  
Public Private Partnerships ◽  
Infrastructure Development ◽  
Private Partnership ◽  
Social Partnership ◽  
Wide Range

The economic transition from a market to a social model requires a review of the role of the state and representatives of business structures in the economic system. Various forms of their interaction are becoming increasingly important, the main of which are public-private partnerships aimed at financing, formation, and implementing socially important projects. The purpose of the study is to analyze and evaluate the parameters of interaction between the state and the private sector in terms of improving the socio-economic partnership based on the provisions of the concept of public-private partnership (PPP). To achieve the goal were used such methods: analysis and synthesis; formalization and grouping; systematization and logical abstraction. The practice of the Public-Private Partnership Center of the Republic of the Philippines shows that the rational use of social partnership financial instruments will allow the state to reduce the budget burden, ensure infrastructure development, increase employment, develop private enterprises and improve the quality of goods and services. It is noted that the level of public-private partnership use in the world differs significantly, and therefore requires further intensification of efforts to stimulate its use, including due to the wide range of significant benefits of its use for the economy and the population in particular. Public-private partnerships are becoming increasingly popular as they provide many important benefits. In particular, the opportunity to obtain additional financial resources, including through additional investments, quality projects involving professional companies, open access to innovative technologies, and priority opportunities for the state to direct funds to specific areas. Thus, the direction of further research may be to determine the details of the functioning of projects in the framework of public-private partnerships. It is also important to conduct a pre-investment analysis, check the effectiveness of financing, prepare appropriate recommendations for each project stage.

Public-Private Partnership: Theory and Practice

2008 ◽  
pp. 61-77 ◽  
Author(s):  
M. Deryabina
Keyword(s):  
Property Rights ◽  
Public Private Partnership ◽  
Full Scale ◽  
The State ◽  
Theory And Practice ◽  
Public Private Partnerships ◽  
Sovereign Power ◽  
Power Functions ◽  
Private Partnership ◽  
The Public

The article considers public-private partnerships (PPP) as a variant of interaction between the state and private entrepreneurship. Special emphasis is placed on the problem of property rights redistribution that is aroused inevitably within a framework of the PPP projects. Some particular PPP forms are considered as the alternatives to full-scale privatization. Another aspect of the analysis concerns the redistribution of sovereign power functions of the state in some PPP models. The author assumes the principal difference between the public and civil functions of the state in the course of the economic turnover. The article deals with various models and concrete mechanisms of the PPP as well as with instruments for promotion of the partnerships projects.

State Innovation Program Budgetingfrom Extra-Budgetary Sources

2017 ◽  
Vol 5 (4) ◽  
pp. 40-44 ◽  
Author(s):  
Роза Восканян ◽  
Roza Voskanyan
Keyword(s):  
Public Private Partnership ◽  
The State ◽  
Public Private Partnerships ◽  
Government Programs ◽  
Private Partnership ◽  
Financial Investment ◽  
The Public ◽  
Private Sector Investment ◽  
Key Issues ◽  
Characteristic Features

Timely implementation of the state innovation programs requires a large financial investment on account of private sector investment of the economy. In this regard, the present article is devoted to the study of public-private partnerships as a source of extra-budgetary funding for the state innovation programs in Russia. The author analyzed the possibility of involvement of various extra-budgetary sources to finance public innovation programs, which allowed to conclude that the public-private partnership is one of the most effective mechanisms of financing the implementation of government programs. The article considers the characteristic features of public-private partnerships, and identified key issues of implementation of public-private partnership in the Russian Federation. Based on the conducted research the author developed a complex of measures which implementation may contribute to increasing the attractiveness of the mechanism of public-private partnerships to Finance public innovation programs.

scholarly journals The role of public-private partnership in ensuring the economic security of the state

2019 ◽  
Vol 135 ◽  
pp. 01101 ◽  
Author(s):  
Mikhail Kozin ◽  
Galina Pyrchenkova ◽  
Elena Radchenko
Keyword(s):  
Economic Security ◽  
Public Private Partnership ◽  
The State ◽  
State Budget ◽  
Economic Space ◽  
Private Partnership ◽  
Successful Solution ◽  
Russian State ◽  
Economic Interaction

According to the latest World Bank estimates, today the Russian economic system is in the tenth place in the global economic space [1].A successful solution to the problem of ensuring economic security of the state in the context of the growing role of economic factors that determine the need for more efficient spending of the state budget is determined, first of all, by the presence of an appropriate regulatory legislation and scientific and methodological support. The formation of a new applied methodology for ensuring the economic security of the country during the implementation of public-private partnership projects is a priority in the study. A distinctive feature of the approach to ensuring economic security in the implementation of public-private partnership projects is that they maximize the possibility of obtaining a generalized assessment of the implementation of promising public-private partnership projects, taking into account the adopted restrictions on the level of economic security [2]. To date, the Russian Federation has a certain production potential, which must be developed and effectively promoted. All this necessitates the development of theoretical, legal and organizational foundations, as well as managerial mechanisms aimed at improving the economic security of the state. The purpose of this study is to study the economic interaction of the state and business to ensure the economic security of the Russian state using financial and economic indicators.

scholarly journals Strategy for the Development of Public-Private Partnership in the Context of Global Changes

2021 ◽  
Vol 24 (8) ◽  
pp. 108-116
Author(s):  
Viktoriia Khmurova ◽  
Iryna Mykolaichuk ◽  
Kateryna Kandahura ◽  
Yuliia Sylkina ◽  
Nina Sychova
Keyword(s):  
Asset Management ◽  
Joint Venture ◽  
Social Role ◽  
Public Private Partnership ◽  
The State ◽  
Public Private Partnerships ◽  
Global Changes ◽  
Public And Private ◽  
Private Partnership ◽  
Wide Range

In modern science and practice, public-private partnership is the interaction of the public and private sectors: in a broader sense, any cooperation in various spheres of public life, supporting society with entrepreneurship and strengthening its social role. The intensification of the process of public-private partnership development is due to the steady growth of demand for public services and increased attention of a wide range of people to optimise their provision. Today, public-private partnership has become an important tool for attracting investment to create a modern public service infrastructure. The purpose of this study is to examine possible strategies for the development of public-private partnerships in the context of decentralisation. The methodological basis of the presented research is a combination of theoretical methods: information synthesis and analysis, classification, systematisation. In addition, an analysis of the scientific literature on the research subject was conducted during the study. In particular, articles on public-private partnerships were analysed. As a result of the study, the general trend towards decentralisation of power and reform of local self-government was established, which means transferring more powers to local state structures, where the state, represented by a territorial community, becomes one of the main subjects. It is proved that partnerships between local communities and business structures, including foreign ones, considerably expand the competence of local authorities, in particular, attract investment in the development of urban infrastructure. Based on the analysis of European experience and considering the specific features of Ukrainian legislation, the most acceptable forms of cooperation between the state and companies were identified: private partnership investment agreements, asset management agreements, leases, concessions, and joint venture agreements. The practical value of the study is that the highlighted results will be useful for public and private sector managers

scholarly journals Collective investment as a driver for public-private partnership development

2020 ◽  
Author(s):  
Mark Dmitrievich Mikheev
Keyword(s):  
Public Private Partnership ◽  
The State ◽  
Public Private Partnerships ◽  
Private Partnership ◽  
Partnership Development ◽  
Economic Support

This article examines the investment mechanism as a driver for developing public-private partnership, analyzes the main ways of developing public-private partnerships, including legal, economic, organizational measures aimed at developing mutually beneficial cooperation between the state and business in providing economic support to the enterprise operating in the innovation spheres.

scholarly journals Public-private partnership as an effective mechanism for attracting private investment in achieving the aims the socio-economic development of Ukraine

2020 ◽  
Vol 17 (4) ◽  
pp. 469-479 ◽  
Author(s):  
Yuliia Komarynska ◽  
Olha Kryshevych ◽  
Nataliya Linnyk ◽  
Vladyslav Karelin ◽  
Olena Kofanova
Keyword(s):  
Swot Analysis ◽  
Private Property ◽  
Private Investment ◽  
Public Private Partnership ◽  
The State ◽  
State Budget ◽  
Public And Private ◽  
Private Partnership ◽  
Management Efficiency ◽  
The Impact

The article analyzes public-private partnership (PPP) as a form of interaction between state and business in the context of optimizing the Ukrainian economy. According to the results of SWOT analysis of the implementation of PPP projects in the infrastructure of Ukraine (2017–2019), the main criteria that determine the necessary model of public-private partnership were substaintiated, namely the distribution of investments, risks, obligations between the state and the private sector, the term and object of the agreement.The study analyzed the impact of economic, political, legislative and criminal processes on public-private partnerships in Ukraine. It was proved that the formation of specific allocation relations based on the interaction between public and private property is the most important feature of public-private partnership, which distinguishes it from other forms of interaction between the state and business. Advantages of PPP are as follows: the increase of management efficiency of state and municipal property objects, the reduction of tax burden on the state budget and optimization of budget expenditures on public services provision, the maintenance of budget-funded institutions, etc. It has been established that the PPP is the best alternative to privatization in order to attract private investment in strategic infrastructure facilities.

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