scholarly journals ANALYSIS OF THE FACTORS THAT DETERMINE THE FEATURES OF THE ORGANIZATION OF PUBLIC-PRIVATE PARTNERSHIP IN THE INNOVATION ACTIVITY OF UKRAINE

2020 ◽  
Vol 1 (2) ◽  
pp. 39-44
Author(s):  
Oleh Holovko ◽  
Liudmyla Sakevych
Keyword(s):  
Public Sector ◽  
National Economy ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Innovation Activity ◽  
Private Business ◽  
Systematic Analysis ◽  
Private Partnership ◽  
The Public ◽  
Factors Influencing

The objective of the article is to clarify the nature and benefits of public-private partnership and analysis of factors influencing its organization and dissemination in innovation. The usefulness of introducing public-private partnership in the innovation sphere is due to the possibility of combining state regulation of innovation development with the potential of private business, which should be considered as a carrier of managerial, human, and financial capital. Society is interested in the organization of public-private partnership in innovation because the result of achieving its strategic goal would solve several socially important problems, which include employment growth, increasing real incomes, spreading innovation, and accelerating socioeconomic progress. Methodology. During the analysis, public-private partnership was considered as a complex open system with the use of systematic analysis methodology in the study, which allowed to emphasize certain aspects of the specific nature of its operation. Results. Public-private partnership in innovation is a form of relationship that arises between the public sector and private business on a medium- or long-term basis and involves the creation of innovation infrastructure, production, and distribution of innovation products on mutually beneficial terms, which is achieved by providing a specific form financing, the common interests of the participants and the distribution of possible risks between them. The organization of public-private partnership, especially in the field of innovation, is influenced by a significant number of factors among which it is useful to outline institutional, legislative, economic, internal, and external, direct, and indirect. The institutional factor determines the nature of institutional policy that affects public-private partnerships. Legislative factors provide for legal regulation of the establishment and further operation of public-private partnership in the field of innovation. The economic factors influencing the organization of public-private partnership include credit, tax (tax holidays, reduction of income tax rates, tax credit), investment and depreciation (reduction of depreciation, increase of depreciation rates) policy. Practical implications. As a result of the analysis, several benefits that both the public sector and private business receive from the spread of public-private partnerships in innovation are outlined. The reflection of institutional, legislative, economic, and other factors of the organization of public-private partnership will allow to consider their influence for the intensification of innovative activity as a basis for increasing the competitiveness of the national economy. Value/originality. The use of systematic analysis allowed to outline the main factors that contribute or conversely the spread of public-private partnership in innovation in Ukraine. Considering their action will minimize the negative manifestations and make full use of the positive aspects, which will be an important factor in enhancing innovative growth on the basis of public-private partnership. Economic and other factors of public-private partnership will allow to take into account their impact to enhance innovation as a basis for increasing the competitiveness of the national economy.

Using Systems Analysis and Dynamics to Evaluate Public Private Partnerships with Data and Best Practices from SAFER Santa Rosa

2015 ◽  
pp. 195-216
Author(s):  
Daniel Hahn
Keyword(s):  
Public Sector ◽  
Emergency Management ◽  
Systems Analysis ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Private Partnership ◽  
The Public ◽  
Federal Organizations ◽  
Original Case

Public private partnerships have been gaining the interest of emergency management and security-related federal organizations. In 2010, the National Academies Press published a framework for resilience-focused private-public sector collaboration which may be the catalyst for how resilience-oriented public private partnerships are developed in the future (National Academies Press. 2010). Public private partnerships can be utilized to increase citizen awareness and preparedness, to address a specific need in a community, or to accomplish any other function that brings a community and government together. “Utilized correctly, a public private partnership is a win-win situation for all participants” (Hahn, 2010, p. 274). Although perceived as very successful, no prior systems analysis has been conducted on these partnerships. In this chapter, a successful public private partnership is evaluated using systems analysis techniques. Results of that analysis, along with details of the original case study and the public private partnership itself are presented.

scholarly journals Methods and approaches for evaluation of economic efficiency of public-private partnership in the investment-innovation activity development

2019 ◽  
pp. 30-35
Author(s):  
Oleh KUZMIN ◽  
Hanna KOMARNYTSKA
Keyword(s):  
Cost Effectiveness ◽  
Economic Efficiency ◽  
Balanced Scorecard ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Innovation Activity ◽  
Private Partnership ◽  
The Public ◽  
Innovation Activities ◽  
The Cost

The article defines the preconditions for the efficient assessing the economic effectiveness of public-private partnerships in terms of investment and innovation activities (the need to identify the existing limitations of such assessment, which can help in achieving social, economic, informational, legal and other types of effects; the need to identify the genuine value added of a public-private partnership entity creation/improvement (it is about the utility for public and private partners and other stakeholders); the need to implement in the public-private partnership projects those options that will maximize the expected effects, taking into account regulatory constraints and the minimum cost of resources involved; the need to compare the expected and actual effects of the public-private partnership project). The risks of public-private partnership projects are identified and characterized, including those identified by the current regulatory framework (level of product demand, investment costs, operating expenses, operating income, financing conditions and discount rates, taxes and contributions, as well as currency courses and price dynamics). Methodological provisions on quantification of public-private partnership risks are presented. The main methods and approaches to assessing the cost-effectiveness of public-private partnership in terms of investment and innovation activities were displayed (classical financial methods, qualitative analysis tools, probabilistic methods, portfolio analysis, project approach, budgetary approach, qualitative, financial or combined models). Traditional financial techniques in the field of such economic efficiency estimation are considered (profitability index, payback period, internal and average rate of return, level of investments profitability, etc.). Listed are the so-called new practical guidelines aimed at assessing the cost-effectiveness of public-private partnerships in terms of investment and innovation activity, in particular: Total Cost of Ownership (TCO), C/SCSC (Cost/Schedule Control Systems Criteria – cost-time diagnosis), IT Scorecard (Modified Balanced Scorecard Application (taking into account known public-private partnerships projections of a balanced scorecard), Activity Based Costing (ABС - applying functional and value analysis), Applied Information Economics (AIE), Total Economic Impact (TEI), Total Value of Opportunities (TVO), Rapid Economic Justification (REJ). It is summarized that theory and practice have formed many methods and approaches to evaluate the economic efficiency of public-private partnership in the conditions of investment and innovation activity development. Each of them has its advantages and disadvantages, as well as clearly defined conditions of practical application. Two or more of these approaches should be used to make more substantive conclusions on the cost-effectiveness assessment.

scholarly journals The evolution of public–private partnership in Ireland: a sustainable pathway?

2016 ◽  
Vol 84 (3) ◽  
pp. 579-595 ◽  
Author(s):  
Gail Sheppard ◽  
Matthias Beck
Keyword(s):  
Public Sector ◽  
Public Private Partnership ◽  
Institutional Isomorphism ◽  
Public Private Partnerships ◽  
Credit Crisis ◽  
Private Partnership ◽  
Institutional Legitimacy ◽  
The Uk ◽  
Voluntary Adoption ◽  
Institutional Capacity Building

Ireland is a latecomer to public–private partnerships, having only adopted them in 1998. Prior to the credit crisis, Ireland followed the UK model, with public–private partnerships being implemented in transport, education, housing/urban regeneration and water/wastewater. Having stalled during the credit crisis, public–private partnerships have recently been reactivated with the domestic infrastructure stimulus programme. The focus of this article is on Ireland as a younger participant in public–private partnerships and the nexus between adoption patterns and the sustainability characteristics of Irish public–private partnerships. Using document analysis and exploratory interviews, the article examines the reasons for Ireland's interest in public–private partnerships, which cannot be attributed to economic rationales alone. We consider three explanations: voluntary adoption – where the UK model was closely followed as part of a domestic modernisation agenda; coercive adoption – where public–private partnership policy was forced upon public sector organisations; and institutional isomorphism – where institutional creation and change around public–private partnerships were promoted to help public sector organisations gain institutional legitimacy. We find evidence of all three patterns, with coercive adoption becoming more relevant in recent years, which is likely to adversely affect sustainability unless incentives for voluntary adoption are strengthened and institutional capacity building is boosted. Points for practitioners There are many reasons why public sector organisations procure via public–private partnerships, and motivations can change over time. In Ireland, public–private partnership adoption changed from being largely voluntary to increasingly coercive. Irrespective of motives, public–private partnership procurement must be underpinned by incentives and institutional enabling mechanisms, which should be strengthened to make Ireland's public–private partnership strategy sustainable.

scholarly journals Public private partnership as a last resort for traditional public procurement

2006 ◽  
Vol 53 (3) ◽  
pp. 299-311 ◽  
Author(s):  
Viktorija Bojovic
Keyword(s):  
Public Sector ◽  
Public Services ◽  
Developing Economies ◽  
Public Procurement ◽  
Public Private Partnership ◽  
Public And Private ◽  
Private Partnership ◽  
The Public ◽  
Management Culture ◽  
Complex Projects

This paper discusses recent changes in the way public services are delivered A marked increase in the cooperation between the public and private sector in the realization of complex projects, mostly concerning development of infrastructure, is the main characteristic of present-day developing economies. The creation of new, innovative agreements is driven by the limitation of public funds and an ever-growing demand for an increase in the quality of public services. Looking upon the western economies experience alternatives to the traditional public sector procurement are identified in the public/private partnership. The public/private partnership can be seen as one component in the rearrangement of the public sector with a management culture that focuses on the citizen or customer. Also included in this are accountability for results, investigation of a wide variety of alternative service delivery mechanisms, and competition between public and private bodies for contracts to deliver services consistent with cost recovery and the achievement of value for money. The partnership can be realized through an array of models and in this paper priority is given to the DBFO (design-build-finance-operate) model, due to its importance in implementation. The DBFO model is considered to be a synonym for the public/private partnership, as it is the most suitable for complex projects and gains the most benefits.

scholarly journals VALUE FOR MONEY IN PUBLIC-PRIVATE PARTNERSHIP PROJECTS IN THE FIELD OF STREET LIGHTING IN THE REPUBLIC OF SERBIA

2020 ◽  
Vol 20 (2) ◽  
Author(s):  
Dejan Milenković ◽  
Vladimir Đurić
Keyword(s):  
Public Sector ◽  
Public Administration ◽  
New Public Management ◽  
Public Private Partnership ◽  
Value For Money ◽  
Street Lighting ◽  
Private Partnership ◽  
The Public ◽  
Public Administration Reform ◽  
The Republic

Public administration reform, better known as the New Public Management - NPM, which began in the mid-1970s, had a key impact on the development of modern public administration. The NPM emphasizes the economic values of public administration, to the detriment of its other values. Public Private Partnership- PPP is one of the basic elements of NPM doctrine. PPP is a partnership between the public and private sector that aims to provide a service traditionally provided by the public sector. An integral part of every PPP is the Value for Money methodology. The “Value for money”- VfM method emerged in this process of public administration reform, first in the UK. The document of the British Government Private Finance Initiative (PFI) from the year 1992, presented the basis for the creation of a new so-called “Venture”, which at that time was called a joint venture, and which is today known as PPP. PPP is a relatively new institute that has existed in the Republic of Serbia since 2011. In this paper, we will deal with the application of the VfM methodology in PPP projects related to street lighting in the Republic of Serbia, and try to give answer about social and economic justification of PPP and potential economic savings that can be achieved in the public sector through the implementation of PPP. At the present time, when there is more and more talk about the need for environmental protection, sustainable development and energy efficiency, PPP projects can have an increasing importance in this area. For this reason, we have limited the application of VfM methods in PPP projects in the Republic of Serbia only to street lighting projects which provide the mentioned goals.

Motivations for adopting unsolicited proposals for public-private partnership project implementation

2018 ◽  
Vol 23 (2) ◽  
pp. 221-238 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P.C. Chan ◽  
Ayirebi Dansoh ◽  
Joseph Kwame Ofori-Kuragu ◽  
Emmanuel Kingsford Owusu
Keyword(s):  
Public Sector ◽  
Developed Countries ◽  
Public Private Partnership ◽  
Project Implementation ◽  
Private Partnership ◽  
Content Type ◽  
The Public ◽  
Private Investors ◽  
Push And Pull ◽  
Specific Country

Purpose The purpose of this study is to explore the motivations of governments for adopting unsolicited proposals for public–private partnership (PPP) project implementation. Design/methodology/approach A comprehensive review of literature was conducted to derive a list of motivations for adopting unsolicited PPPs. Subsequently, an empirical questionnaire survey was conducted with international PPP experts. Inter-rater agreement analysis, mean significance index and independent two-sample t-test were used for data analysis. Findings Results reveal four very critical motivations for governments’ interest in unsolicited PPPs; these include: “enhanced private sector innovation and creativity in PPPs”; “lack of public sector capacity to identify, prioritise and procure projects”; “lack of private investors’/developers’ interest in projects at remote areas”; and “rapid implementation of PPP projects”. Further analysis shows that developing and developed countries view the significance of three motivations differently. Research limitations/implications The major limitation lies in the fact that this study only focused on the general motivations/rationale for using unsolicited PPP proposals and did not thoroughly examine and consider the inherent property of motivations (i.e. push and pull theories). Therefore, future studies should explore the “pull and push” motivations for adopting unsolicited PPPs within a specific country or region. Originality/value The research outputs inform international private developers of the key expectations of governments/public departments when submitting unsolicited PPP proposals for consideration by the public sector. Furthermore, the outputs will enable governments/public departments and private proponents to derive performance objectives and standards for unsolicited PPP projects.

scholarly journals The Arlanda Airport Rail Link: Lessons Learned from a Swedish Construction Project

2008 ◽  
Vol 7 (1) ◽  
Author(s):  
Jan-Eric Nilsson ◽  
Lars Hultkrantz ◽  
Urban Karlström
Keyword(s):  
Public Sector ◽  
Construction Project ◽  
Public Private Partnership ◽  
Lessons Learned ◽  
Tax Revenue ◽  
Costs And Benefits ◽  
Private Company ◽  
Railway Network ◽  
Private Partnership ◽  
The Public

The Stockholm – Arlanda airport rail link is a public-private partnership opened for traffic in 1999. This paper addresses costs and benefits of giving a private company control over one section of the otherwise public railway network. The project has reduced the pressure on the public sector’s budget and reduced the need to raise efficiency distorting tax revenue. The number of passengers has been below expectations. Track capacity may, however, be sufficient to negotiate an increase the supply of rail services by way of extending existing commuter trains, in that way attracting more passengers.

scholarly journals Analyse des Geschäftsmodells. Verkehrsinfrastrukturgenossenschaft aus Sicht der Stakeholder

2021 ◽  
Author(s):  
Melanie Beck
Keyword(s):  
Public Sector ◽  
Public Private Partnership ◽  
Transport Infrastructure ◽  
Added Value ◽  
Private Company ◽  
Private Partnership ◽  
The Public ◽  
Construction Companies ◽  
Highway Network ◽  
The One

In Deutschland werden zahlreiche Infrastrukturprojekte durch eine Zusammenarbeit der öffentlichen Hand mit einem privaten Unternehmen umgesetzt. Dies geschieht im Rahmen einer Öffentlich-Privaten-Partnerschaft kurz ÖPP bzw. PPP (Public Private Partnership). Auch im Bereich der Verkehrsinfrastruktur erfolgt die Umsetzung vieler Projekte als ÖPP. Privatunternehmen übernehmen den Ausbau, ggfs. Neubau, Erhalt und Betrieb eines vertraglich festgelegten Autobahnabschnittes, mit zumeist einer Vertragslaufzeit von 25-30 Jahren. Erfüllt das Unternehmen die zuvor definierten Leistungen, erhält es von der öffentlichen Hand ein Entgelt. Laut aktuellen Planungen des Bundes sollen ca. 1.280 km des deutschen Autobahnnetzes durch ÖPP-Projekte erneuert werden. Jedoch existiert eine kontroverse Diskussion dieser Projekte sowohl in der Theorie als auch in der Praxis. Zum einen sind, laut Bundesrechnungshof, solche Projekte teurer als eine konventionelle Umsetzung und zum anderen profitieren, gemäß Untersuchung der TU Braunschweig, hiervon besonders große Baukonzerne. Die mittelständischen, regionalen Bauunternehmer haben kaum Möglichkeiten sich bei ÖPP zu beteiligen. Ziel des Forschungsvorhabens war die Analyse einer Verkehrsinfrastrukturgenossenschaft, welche eine Alternative zu den bisherigen ÖPP-Projekten darstellt. Die Grundidee dieser Genossenschaft ist es, sowohl den Baumittelstand zu berücksichtigen, als auch eine regionale Wertschöpfung herbei zu führen. In Germany, numerous infrastructure projects are implemented through cooperation between the public sector and a private company. This is done within the framework of a public-private partnership (short: PPP). In the area of transportation infrastructure, too, many projects are implemented as PPPs. Private companies take over the responsibilities of expansion, new construction (if necessary), maintenance and operation of a contractually defined highway section, usually with a contract term of 25-30 years. If the company fulfills the previously defined services, it receives a payment from the public sector. According to current plans of the federal government, approximately 1,280 km of the German highway network are to be renewed through PPP projects. However, there is a controversial discussion of these projects both in theory and in practice. On the one hand, according to the Federal Audit Office, such projects are more expensive than conventional implementation. On the other hand, according to a study by the Technical University of Braunschweig, large contractors in particular benefit from this. Medium-sized, regional construction companies have hardly any opportunities to participate in PPPs. Goal of the research project was the analysis of a transport infrastructure cooperative, which shows an alternative to the existing PPP projects. The basic idea of this cooperative is the consideration of the midsize contractors sector and to create a regional added value.

scholarly journals THE DEVELOPMENT OF PUBLIC-PRIVATE PARTNERSHIP IN REGIONAL ECONOMY OF RUSSIA

2018 ◽  
Vol 6 (1) ◽  
pp. 5-5
Author(s):  
Ирина Прядко ◽  
Irina Pryadko ◽  
Татьяна Синицына ◽  
Tatyana Sinicyna
Keyword(s):  
Regional Economy ◽  
Influence Factors ◽  
Federal District ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Public Infrastructure ◽  
Private Partnership ◽  
The Public ◽  
Rostov Region

In this article the relevance and economic goals of public-private partnership (PPP) implementation in Russia are defined. The analysis of the realization of PPP projects for public infrastructure creation is carried out. The regions-leaders by the level of PPP development in Russia and the Southern Federal district are identified. The study of the public-private partnerships sphere in the Rostov region is conducted. The influence factors and the basic directions of increase of PPP mechanisms efficiency in the regional economy are considered.

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