Centralization and Fragmentation: Analysis on the Institutional Environment of Public-Private Partnership in China

ICCREM 2016 ◽  
2017 ◽  
Author(s):  
Jia Xu
Keyword(s):  
Institutional Environment ◽  
Public Private Partnership ◽  
Private Partnership

scholarly journals Institutional Support for the Development of Public-Private Partnership in the Public Governance System

2021 ◽  
Vol 2 (48) ◽  
pp. 17-22
Author(s):  
V. Y. Dankevych ◽  
◽  
O. V. Zakharina ◽  
Y. V. Zolotnytska ◽  
◽  
...  
Keyword(s):  
Institutional Environment ◽  
Institutional Support ◽  
Public Private Partnership ◽  
Capital Investments ◽  
Governance System ◽  
Economic Management ◽  
Public Governance ◽  
Public Authorities ◽  
Strategic Development ◽  
Private Partnership

Theoretic aspects of the formation and development of public-private partnership (PPP) are studied. By using a systemic approach, it is determined that the most important factor in improving the efficiency of public-private partnership is its institutional support. It is substantiated that globally, the PPP is mostly initiated by public authorities, which can be explained by a number of reasons. Firstly, public authorities are responsible for the country's strategic development. Secondly, public authorities formulate "rules of the game" for businesses and individuals, plan capital investments, and select PPP entities that are a priority in terms of public interest. In fact, it is the state that undertakes to address objectives facing society. Therefore, nowadays the importance of creating a favorable institutional environment to develop PPPs is recognized at all the levels of economic management and is emphasized in the scientific community. It is proved that the interests of public authorities, private businesses and the community are reconciled through the complementation of political, legal, and socio-economic norms and rules of conduct. The functions of public authorities at the national and regional levels of government are systematized.

scholarly journals Public-Private Partnership as a Mechanism for the Development of Transport Infrastructure in Kherson Region

2020 ◽  
Vol 12 (515) ◽  
pp. 217-224
Author(s):  
V. P. Vlasova ◽  
Keyword(s):  
Conflict Of Interest ◽  
Institutional Environment ◽  
Public Private Partnership ◽  
Transport Infrastructure ◽  
Private Partnership ◽  
The Road ◽  
Railway Infrastructure ◽  
Financial Groups

The development of the transport infrastructure of the region remains an important task, which today is solved by means of the mechanism of public-private partnership (PPP). At present, both a sufficient institutional environment and the regulatory support for the implementation of public-private partnership projects have already been created. Kherson region, having an average level of development of transport infrastructure, de facto occupies the near-border position. Therefore, the level of development of infrastructure of the region (in particular, road economy) is of significant strategic importance for the security of the State. The main tasks for the development of transport infrastructure of Kherson region and possible directions of implementation of infrastructure projects are defined. The study showed that only two projects that are not infrastructural are implemented on the basis of PPP in Kherson region. However, the concession of Kherson seaport has been launched – this project is pilot not only in the region, but also in Ukraine. Concluding a concession agreement in seaports is a complex and long-term procedure. Important in the agreement is the determination of the amount of concession payments and the distribution of risks between the project participants. Typically, concessionaires are large international companies (cargo owners or shipowners) or domestic industrial and financial groups that dictate the terms of the contract, so, accordingly, there may be a conflict of interest. This publication defines the essential conditions of this concession project. PPP projects in the road sphere are promising, which should solve a number of problems of the region. The airport «Kherson» is described as a concession object, the scheme of the PPP mechanism concerning it is proposed. It is determined that public-private partnership in the sphere of railway infrastructure is in the process of formation and determination of forms of cooperation.

scholarly journals Organizational and institutional environment of the development of the financial mechanism of public-private partnership in Ukraine

2020 ◽  
pp. 6-10
Author(s):  
Bohdana SHULIUK
Keyword(s):  
Local Governments ◽  
Institutional Environment ◽  
Social Institutions ◽  
Public Private Partnership ◽  
Public Authorities ◽  
Private Partnership ◽  
Investment Projects ◽  
Consulting Services ◽  
State And Local ◽  
Financial Mechanism

Introduction. To ensure the proper functioning of the financial mechanism of public-private partnership, it is necessary to create an organizational and institutional environment. Without it, it is impossible to determine the most important vectors of development of this mechanism, as well as the benchmarks by which the formation and selection of the most effective economic and social institutions. The purpose of the paper is to study the organizational and institutional aspects of the development of the financial mechanism of public-private partnership, to identify the main problems, as well as to justify measures to address them. Results. The structure of the organizational and institutional environment of the financial mechanism of public-private partnership in Ukraine is outlined, which consists of: organizational and managerial, financial, scientific-expert and public environment. The first includes public authorities and local governments that form state and local policies in the field of public-private partnership, as well as monitor its implementation. The second includes financial institutions that facilitate the financing of investment projects that are not attractive enough for private business in terms of profitability and risk. The third includes research institutions, expert and consulting organizations, the purpose of which is to provide information and consulting services. The fourth includes civil society institutions, which should participate in the formation of the components of the financial mechanism of public-private partnership, as well as control the process of its functioning and the achievement of planned tasks by partners. It is argued that the development of the institutional environment of the financial mechanism of public-private partnership needs state support. Conclusion. It is substantiated that the effectiveness of the financial mechanism of public-private partnership depends on the organizational and institutional environment, which clearly regulates the rights, responsibilities, sequence of actions reflected in coordinated legislation and allows to take into account the specific regional or sectoral characteristics of the country.

scholarly journals INTERDEPENDENCE BETWEEN THE ECONOMIC DEVELOPMENT AND THE EFFECTIVENESS OF PUBLIC-PRIVATE PARTNERSHIP IN A RESOURCE REGION

2018 ◽  
Vol 2018 (3) ◽  
pp. 140-148
Author(s):  
Е. Пахомова ◽  
E. Pakhomova ◽  
Е. Каган ◽  
E. Kagan
Keyword(s):  
Resource Dependence ◽  
Institutional Environment ◽  
Public Private Partnership ◽  
Evaluation Methodology ◽  
Private Partnership ◽  
Development Tool ◽  
Ability To Act ◽  
Third Stage ◽  
Effective Development ◽  
Two Stages

The authors make an attempt to establish a relationship between the effectiveness of the institution of public-private partnership (PPP) and its ability to act as a development tool for resource regions. The methodology of the study included two stages. At the first stage, the problem of determining the resource regions and the approaches to their identification were outlined. The second stage involved an analysis of existing approaches to the evaluation of the PPP institution and the issue of assessing its effectiveness. The approaches have been classified into three groups; assessment basis, calculation criteria and algorithm for the evaluation methodology have been identified. At the third stage, the authors used the theory of fuzzy sets for a comprehensive assessment of the effectiveness of the PPP institution from the perspective of reducing the resource dependence of regions. Four clusters have been revealed, their comparative characteristics are given in the article. It is shown that high indicators of the development of the regulatory framework and the institutional environment do not ensure the effective development of the institute in the region. It is necessary to revise the initial expert evaluation of the criteria, refine the weights of PPP performance assessment factors, and re-clustering. The degree of development of the PPP institution is not sufficient to reveal the relationship with the degree of resource dependence.

scholarly journals Regional institutional environment of public-private partnership: The case study of the Ural Federal District regions. Part 1

2020 ◽  
Vol 18 (12) ◽  
pp. 2276-2296
Author(s):  
S.V. Panikarova ◽  
M.L. Kuklinov ◽  
V.V. Yugov ◽  
Ya.S. Khokhryakova
Keyword(s):  
Institutional Environment ◽  
Institutional Support ◽  
Federal District ◽  
Public Private Partnership ◽  
Investment Climate ◽  
Strategic Development ◽  
Private Partnership ◽  
Administration System ◽  
The Public

Subject. This article discusses the issues related to institutional support for public-private partnership in the regions of the Ural Federal District. Objectives. The article aims to analyze the development of the regional institutional environment of public-private partnership and find regulatory deficiency. Methods. For the study, we used a comparative analysis and the graph and tabular methods to interpret the collected data. Results. The article presents certain results of the study of the institutional framework, strategic development and planning documents, the public-private partnership administration system, and the evaluation of its institutional environment. Conclusions. The local regulatory deficiency and the need to improve the investment climate of the Ural Federal District regions and attract new participants in the partnership confirm the relevance of the identified problem research.

Public-Private Partnership As a Promising Form of Regional Projects

2016 ◽  
Vol 4 (6) ◽  
pp. 20-24 ◽  
Author(s):  
Верховская ◽  
Elena Verkhovskaya ◽  
Дмитриев ◽  
N. Dmitriev
Keyword(s):  
Institutional Environment ◽  
Public Investment ◽  
Public Private Partnership ◽  
Competitive Advantages ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Investment Projects ◽  
Public Investment Policy ◽  
Regional Projects ◽  
Economic Zones

The strategic documents on the socio-economic development of Russia in the long term constantly emphasizes the importance of the PPP as an important mechanism for public investment policy, which allows to attract private funds for the implementation of priority projects to improve governance of industrial and social infrastructure, encourage innovation, create conditions for realization of business projects, which have nation-wide strategic importance. The forms, in which public-private partnership is implemented in specific regions, depend on the institutional environment, the investment attractiveness and the specific competitive advantages of the region. The article deals with the process of formation in the field of PPP legislation, describes the experience of and activities in the region in the implementation of PPP projects. The experience of PPP development in Tula region based on program-target method of management, which has received in the implementation of the cluster approach, the creation of special economic zones, the determination of priority investment projects, the mechanisms of cooperation of state and municipal authorities and private business.

scholarly journals Hazard analysis on public-private partnership projects in developing Asia

2020 ◽  
Vol 4 (1) ◽  
pp. 50
Author(s):  
Minsoo Lee ◽  
Xuehui Han ◽  
Pilipinas F. Quising ◽  
Mai Lin Villaruel
Keyword(s):  
Hazard Rate ◽  
Institutional Environment ◽  
Hazard Analysis ◽  
Public Private Partnership ◽  
Private Partnership ◽  
The Public ◽  
Project Outcomes ◽  
Public Resources ◽  
The Government ◽  
The Many

Developing Asia’s infrastructure gap results from both inadequate public resources and a lack of effective channels to mobilize private resources toward desired outcomes. The public-private partnership (PPP) mechanism has evolved to fill the infrastructure gap. However, PPP projects are often at risk of becoming distressed, or worst, being terminated because of the long-term nature of contracts and the many different stakeholders involved. This paper applies survival-time hazard analysis to estimate how project-related, macroeconomic, and institutional factors affect the hazard rate of the projects. Empirical results show that government’s provision of guarantees, involvement of multilateral development banks, and existence of a dedicated PPP unit are important for a project’s success. Privately initiated proposals should be regulated and undergo competitive bidding to reduce the hazard rate of the project and the corresponding burden to the government. Economic growth leads to successful project outcomes. Improved legal and institutional environment can ensure PPP success.

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.

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