-------- (Public-Private Partnership as a Mechanism of Innovative Development of Russia)

2014 ◽  
Author(s):  
Vera Barinova
Keyword(s):  
Public Private Partnership ◽  
Innovative Development ◽  
Private Partnership

scholarly journals PUBLIC–PRIVATE PARTNERSHIP AS AN EFFECTIVE TOOL FOR STATE REGULATION OF INNOVATIVE DEVELOPMENT OF TRANSPORT INFRASTRUCTURE

Management ◽  
2020 ◽  
Vol 30 (2) ◽  
pp. 86-102
Author(s):  
Oksana I. Dmytriieva
Keyword(s):  
Government Regulation ◽  
Public Private Partnership ◽  
State Regulation ◽  
Transport Infrastructure ◽  
Innovative Development ◽  
Infrastructure Development ◽  
Systematic Analysis ◽  
Private Partnership ◽  
The Right ◽  
Practical Recommendations

Introduction. Effective functioning of transport infrastructure is a basic condition for modernization of the Ukrainian economy and improvement of the quality of life of the population. Currently, there are no effective tools and techniques for comprehensively assessing the effectiveness and priority of project implementation within public-private partnership (PPP) models.The research hypothesis is to find out how public-private partnerships can act as an effective tool for government regulation of innovative development of transport infrastructure.The aim is to conduct a qualitative and quantitative assessment of the efficiency of the implementation of projects in the field of transport infrastructure using PPP models.The methodology of the study is the apparatus of system, economic and statistical analysis, construction of mathematical models, with their subsequent computer implementation.Results: clarified the concept of public-private partnership in the field of transport infrastructure; systematic analysis and classified models of PPP were carried out with identification of their main features; identified the main factors and parameters (financial and economic characteristics of the projects) that determine the effectiveness of PPP in transport infrastructure and proposed algorithm for evaluating the effectiveness of PPP projects; performed research on the ranking of characteristic risks for transport infrastructure projects, performed ranking of characteristic risks; a mathematical model of risk assessment of PPP projects in transport infrastructure has been developed; practical recommendations are given to improve the mechanism for assessing the efficiency and priority of implementation of transport infrastructure development projects based on PPP.Conclusions: it is proved that ranking and implementation of public-private partnership models on the basis of the developed basic principles (payment, competitiveness, equality of all economic agents in access and in the right of PPP contract negotiation) allows to realize the benefits of a comprehensive PPP mechanism for each of its participants. The practical recommendations of the mechanisms for assessing the risks and priorities of PPP projects in the field of transport infrastructure will improve their implementation by further shaping the overall environment of PPP development, enhancing the support and guarantees of the state and developing a unified concept of PPP mechanism development in Ukraine. 

Sustainable Innovation Funding as a Tool for Developing the Economic System

2020 ◽  
pp. 211-216
Author(s):  
K. A. Priyma
Keyword(s):  
Economic System ◽  
Innovation Policy ◽  
National Level ◽  
Public Private Partnership ◽  
Innovative Development ◽  
Regional Innovation ◽  
Private Funding ◽  
Private Partnership ◽  
Foreign Experience ◽  
National Economic

The presented study examines the problems of public and private funding in the innovation domain of the national economic system. Based on the analysis of foreign experience, the authors propose creating federal and regional innovation funds within the Russian economic system driven by publicprivate partnership.Aim. The study aims to substantiate potential directions for the program of public-private funding of the national innovation system.Tasks. The authors examine the existing mechanism of innovation funding from the perspective of development of the national economic system; analyze the foreign experience of public funding of innovation-driven development of the economic system; examine approaches to solving the problem of public innovation funding in Russia; substantiate the implementation of innovation funds based on the principles of public-private partnership into the national economic system.Methods. This study uses the methods of institutional and structural analysis and the systems approach to formulate proposals and substantiate the implementation of innovation funds into the national innovation policy.Results. Based on the analysis of the funding mechanism of the national innovation policy within the national economic system, and considering the experience of the world’s developed innovation-driven economies, the authors substantiate the implementation of innovation funds based on the principles of public-private partnership and aimed primarily at providing financial support for the corporate sector of the national economic system in the field of innovative technologies.Conclusions. With a view to create an efficient funding model for the innovative development of the national economic system in Russia, the study substantiates the need to establish a system of federal and regional innovation funds based on public-private partnership. Their functions would include accumulation of funds and their allocation among individual innovation projects with clearly defined results. The activity of the established federal innovation fund can be differentiated to cover the most important directions and critical technologies, thus improving Russia’s position in the global competition. The purpose of regional funds is to ensure technological development that would enhance the competitiveness of regions at the national level (with allowance for regional specialization and development of mass innovative entrepreneurship). Combined with the use of such market tools as providing financial guarantees on investments in innovation, this will ensure positive dynamics of innovative development of the national economic system as a whole.

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