scholarly journals Global Trends anTheoretic 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. d Initiatives in Forming the Green Bonds Market in the Context of COVID-19

2021 ◽  
Vol 2 (48) ◽  
pp. 4-16
Author(s):  
N. V. Dunas ◽  
Keyword(s):  
Energy Efficiency ◽  
National Economy ◽  
Economic Effect ◽  
Bond Market ◽  
Public Private Partnership ◽  
The State ◽  
Market Development ◽  
Public Authorities ◽  
Private Partnership ◽  
Global Trends

The article is aimed at studying the current global trends and national initiatives in forming a green bonds market in Ukraine through attracting investment to implement environmentally important projects in the area of energy conservation. The essence and key features of “green” bonds as an effective financial instrument for the implementation of environmentally friendly projects in economy are revealed. Analytical review of the green bond market development in the international space and European countries has helped to identify global investment trends and a number of essential features of “green bonds” as a lucrative investment asset in the long run, which brings positive socio-economic and environmental effects. The legal base and regulatory aspect of the formation of the green bonds market in the national economy is compared with those of the developed countries. The main provisions of forming the state policy on the green bond market in Ukraine are analyzed, taking into account the expected results of attracting finance in the sphere of energy efficiency. The risks and promising areas of implementing the Concept of introduction and development of the green bonds market in Ukraine is identified on the basis of changing trends in the investment sphere of the global financial market. It is substantiated that the potential of market development in Ukraine creates the basis for attracting investment capital in various areas of energy efficiency and helps our country to join global trends of greening the national economy in the context of the pandemic. It is proved that the green bond market can compete with investments in virtual assets and will have a long-term economic effect in the process of modernizing the national economy in the period of global climate change and COVID-19.

ANALYSIS OF THE STATE AND PROBLEMS OF PUBLIC-PRIVATE PARTNERSHIP DEVELOPMENT IN THE REGION

2021 ◽  
Vol 3 (9) ◽  
pp. 87-94
Author(s):  
S. V. NEZHDAI ◽  
◽  
A. Yu. LUKYANOVA ◽  
I. S. GRUZINOVA ◽  
A. A. PROSTYAKOV ◽  
...  
Keyword(s):  
Economic Development ◽  
Public Private Partnership ◽  
The State ◽  
Private Business ◽  
Public Authorities ◽  
Private Partnership ◽  
Federal Level ◽  
Partnership Development ◽  
The Social ◽  
Social And Economic Development

The article shows that, in general, cooperation between public authorities and private business is one of the most important factors that generally affect the social and economic development of territories. The powers in the field of organizational and regulatory regulation of public-private partnership issues at the federal level are considered.

scholarly journals Improving the Mechanisms of Public-Private Partnership

2021 ◽  
Vol 12 (2) ◽  
pp. 242
Author(s):  
Aliya Zyalilevna Minnibaeva ◽  
Irina Yurievna Vaslavskaya ◽  
Irina Alexandrovna Koshkina ◽  
Artur Faridovich Ziyatdinov
Keyword(s):  
Large Scale ◽  
Structural Changes ◽  
Public Private Partnership ◽  
State Regulation ◽  
The State ◽  
Public Authorities ◽  
Private Partnership ◽  
Investment Projects ◽  
The Public ◽  
Activity State

Development of the Russian economy causes the growth of public requirements and structural changes connected with it directed to an increase in the efficiency of social and economic tasks solution. Need of partnership of the state and private business development for the solution of problems in the social and economic sphere predetermines by the insufficiency of opportunities of the public (budgetary) financing of investment projects, large-scale and significant for society. The public-private partnership (PPP) acts as one of the modern economic mechanisms allowing realizing the interaction of the state and business. The PPP, on the one side, represents a special form of influence of state authorities and management for the purpose of stimulation of business activity, and with another, acts as the economic mechanism of the solution of social and economic tasks. The article is devoted to the consideration of the public-private partnership mechanism as one of the most modern methods of economic activity state regulation which basis the basic coordination principle of the parties interests and allowing to combine interests and technologies of business. Need and the prospects of further development of mechanisms of state-private partnership on the basis of the state strategic planning are proved. Special attention is paid to the interrelation of development of public-private partnership and need of theoretical scientific research in the field of improvement of institutional, ensuring its realization. It is shown that the role of the mechanism of public-private partnership in the economy is defined, first of all, by its elements as subjects and objects of public-private partnership, priority spheres of realization. Authors allocate and describe a number of aspects of the mechanism of functioning of public-private partnership, namely: organizational and legal, financial and investment, technical and organizational, regional. In the article, the main problems connected with the development of the mechanism of PPP, including with lack of the description of concrete mechanisms of use of the majority of forms of PPP and lack of regulation of questions of division of powers between public authorities and business are allocated and proved.

scholarly journals CORPORATE FINANCING OF PUBLIC-PRIVATE PARTNERSHIP PROJECTS: ASSESSMENT OF FINANCIAL OPPORTUNITIES AND RISKS

2021 ◽  
Vol 3 (38) ◽  
pp. 78-85
Author(s):  
B. Shuliuk
Keyword(s):  
Integral Condition ◽  
Financial Economic ◽  
Jel Classification ◽  
Public Private Partnership ◽  
The State ◽  
Public Authorities ◽  
Capital Projects ◽  
Corporate Financing ◽  
Private Partnership ◽  
Business Entities

Abstract. An integral condition for the effective functioning of the economic system of the state is the constructive interaction of the state and business in order to solve common financial, economic and social problems. At the same time, an important task of the state is to create conditions for the development of corporate financing of public-private partnership. Given the importance of private financing of public-private partnership projects, the purpose of the study is to determine the activity of such investments in certain areas of social or economic infrastructure in domestic and foreign practice, as well as to investigate the financial capacity of business entities due to high capital projects, a long period of their implementation. The relevance of the study is to identify existing problems and risks that arise in the process of corporate financing of public-private partnership projects. Systematization of literature sources and approaches to solving the problem of corporate financing of public-private partnership indicates the need for further research in this area to improve the implementation of forms of partnership between government and business with the establishment of guarantees to private partners on risks associated with exchange rates, lending, parity liability of partnership participants for breach of contractual obligations. The research findings can be useful for public authorities, which should encourage private partner participation in long-term projects. However, such support should be provided in order to implement the most necessary public-private partnership projects to significantly improve the living conditions of the population in a given region, as such projects are unprofitable in the case of purely commercial funding. The research may be of interest to business entities that are potential investors in public-private partnership projects. Keywords: public-private partnership, corporate financing, projects, forms and models of partnership relations, economic risks. JEL Classification G32, G38, H54 Formulas: 0; fig.: 3; tabl.: 0; bibl.: 12.

Evolution of the mechanism of regulation owing to development road economy on the basis of innovative principles public-private partnership

2020 ◽  
pp. 44-53
Author(s):  
Vdovenko ◽  
Korobova ◽  
Pavlenko
Keyword(s):  
National Economy ◽  
Public Private Partnership ◽  
The State ◽  
Theory And Practice ◽  
Investment Activity ◽  
Private Partnership ◽  
The Public ◽  
The Road ◽  
Road Development ◽  
The Impact

Subject of research – relations in the process of improving the mechanism of regulation of road development in Ukraine and putting into practice proposals to ensure innovative approaches and modernization of the road system on the basis of public-private partnership are formed. The purpose of the article. The scien- tific and methodological and practical proposals with the purpose of applying the mechanism of regulation of the road economy development as a promising of the national economy have been developed. The methodology of the work. The theoretical and methodological basis of the research is the system of both general scientific and special methods of scientific cognition, fundamental provisions of modern economic theory and practice. In scientific research such methods as mono- graphic in formulating approaches that the development of the road economy de- pends not only on the level of economic development, but also on the influence of regulatory mechanisms that are applied, economic and statistical – in determining and calculating the concession payment for the right to management are used. The results of the work – the scientific results of the improved basis of development of the national economy through the creation of an effective mechanism for the implementation of new rules and tasks in the system of regulation in the field of road economy are proposed for application. Conclusions. We propose modern mea- sures and tools for shaping the innovative environment, and we propose to intro- duce such rules that would meet the interests of the authorities, increase the level of protection of interests of private investors and the state in the implemen- tation of public-private partnership projects. The advantages in developing mech- anisms for guaranteeing public-private partnership project financing by the state partner during the whole project implementation period are substantiated; mecha- nism of fair compensation in case of early termination of the public-private part- nership contract at the initiative of the state partner in order to compensate for the reasonable losses of the private partner. The scientific-methodological and practical proposals for the purpose of application of the mechanism of regulation of the road development are revealed. It is proved that due to the impact of mod- ernization transformations, the public-private partnership can play a dual role as an institutional innovation and has every reason to combine both the modernization of investment activity and the modernization of the regulatory mechanism for the purpose of evolutionary transformations in the leading spheres of the national economy.

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.

scholarly journals Main aspects of interaction of government and the entrepreneurial sector in project management

2021 ◽  
Vol 12 (2) ◽  
pp. 84-91
Author(s):  
Igor O. Sedykh ◽  
Sergey N. Yashin ◽  
Ekaterina N. Lapshina
Keyword(s):  
Project Management ◽  
Development Strategy ◽  
Public Private Partnership ◽  
The State ◽  
Business And Society ◽  
Public Authorities ◽  
Private Partnership ◽  
The Public ◽  
Successful Establishment

The interaction of state and entrepreneurs in a modern economy is a necessary measure for the effective implementation of the activities of both parties. This article explores some of the mechanisms of interaction between government bodies and the business sector of the economy in terms of project activities and project management. Public-private partnership issues are increasingly being discussed in the world political arena as an effective mechanism for interaction between the state and business. The need for effective communications in the chain power-business-society is emphasized by many authors. Communication between the public and commercial sectors is a process that reflects the levers and methods they use to mutually influence and promote their interests. The partnership between government, business and society is closely correlated with the successful functioning of the commercial sector and public administration, which is expressed in the successful establishment of the processes of socio-economic development of the state. The successful functioning of public-private partnership is one of the indicators of the correct implementation of the mechanism for supporting entrepreneurship by public authorities, and also reflects the level of development of the state in general and its subjects, in particular. The development of public-private partnerships plays an important role in building a long-term development strategy for the regions of the Russian Federation.

scholarly journals Development of Public-Private Partnership in the Field of Educational Services

2018 ◽  
Vol 14 (28) ◽  
pp. 59
Author(s):  
Gulshat Duzelbayeva ◽  
Almakul Abdimomynova ◽  
Akmaral Baimahanova ◽  
Akmaral Mukhtarova ◽  
Akzhan Karbozova
Keyword(s):  
Small Business ◽  
National Economy ◽  
Special Form ◽  
Public Private Partnership ◽  
The State ◽  
Educational Services ◽  
Private Partnership ◽  
Effective Implementation ◽  
Business Structures

Public-private partnership in the field of education is a special form of cooperation between the state and business. It is built on the unification of resources that are available at their disposal. These resources are primarily intellectual resources and it entails the use of mutual advantages. Its goal is to provide socially significant services with mutual additional benefits on the basis of pre-calculated risks. This is due to the understanding that the effective implementation of the State’s socio-economic programs depends, inter alia, on the level of development of business structures, which practically implements the priorities formed by the state. Nevertheless, Kazakhstan's small business is not always able to develop independently in the context of demand by the modern conditions of the national economy.

scholarly journals National innovation system: current trends and challenges for Ukraine

2020 ◽  
Keyword(s):  
National Economy ◽  
Industrial Revolution ◽  
Innovation System ◽  
Legal Protection ◽  
Public Private Partnership ◽  
National Innovation System ◽  
The State ◽  
Private Partnership ◽  
Fourth Industrial Revolution ◽  
Current State

The subject of research in the article is the National Innovation System (NIS). The purpose of the article is to study the current state of the NIS of Entrepreneurship and the essence of public-private partnership in innovation. Objectives: to reveal the essence and structure of NIS, to substantiate the features of their development in the context of the fourth industrial revolution, to characterize the current state of the NIS, to systematize the limitations of its effective functioning. The following results were obtained: proposals were developed to improve the NIS taking into account the challenges of the fourth industrial revolution. Conclusions: the article reveals that Ukraine has good results of innovation in terms of indicators characterizing educational potential, human capital and research. At the same time, the slowdown in innovative development occurs due to an unfavorable institutional environment, environmental instability, operational instability, government inefficiency, problems with the rule of law, uncertainty in the status of insolvency and investment provision. Overcoming obstacles to the formation of the NIS of Entrepreneurship is an important condition for the development of the national economy, dictates the need to improve the state's innovation policy. The active involvement of the state in the development of the NIS will allow to overcome the following obstacles: insufficient use of opportunities for participation in international programs; inconsistency between the provisions of the Civil Code of Ukraine, which regulate intellectual property relations and special acts on this issue, limited efficiency of innovation infrastructure, insufficient development of venture financing in Ukraine and problems of legal protection of property of foreign investors. The improvement of the situation will be facilitated by the establishment of public-private partnership, which in relation to the innovation sphere is an organizational form of cooperation between the state and business in the implementation of innovative projects in certain areas of the national economy on a contractual basis. Thus, the relevance of public-private partnerships for innovation has been proven.

Public-Private Partnership in the Field of Physical Culture and Sports

2016 ◽  
Vol 4 (12) ◽  
pp. 0-0
Author(s):  
Тимур Мельник ◽  
Timur Myelnik
Keyword(s):  
Public Private Partnership ◽  
The State ◽  
Physical Culture ◽  
Municipal Services ◽  
Public Authorities ◽  
Private Partnership ◽  
The Public ◽  
Legal Principle ◽  
The Social ◽  
Further Development

The article is devoted to problematic issues of public-private and municipal-private partnership in the field of physical culture and sports. Further development of this form of interaction between the state (municipalities) and businesses in the field of physical culture and sport involves a number of issues. Some of them are connected with a social component. The development of public-private partnership in the field of physical culture and sport must be dictated by the need for the implementation of the goals and objectives of the social policy of public authorities in this area. The availability of public services, including in the field of physical culture and sport, should be enshrined as a legal principle of state-private and municipal-private partnership. The author proposed to consolidate in legislation the priorities of the public-private (municipal-private) partnerships in the field of physical culture and sports. One of them has to be the development of mass sports. Public-private (municipal-private) partnerships can be used to develop the system of sport clubs at its place of residence. It is necessary to consider concluding agreements for such partnerships not only in relation to sports facilities, but also in relation to the state and municipal services in the field of physical culture and sports.

scholarly journals MANAGEMENT OF PUBLIC-PRIVATE PARTNERSHIP PROJECTS IN THE FIELD OF CAPITAL CONSTRUCTION

2021 ◽  
Author(s):  
Tetyana Sabetska ◽  
Liliia Stefanyshyn ◽  
Svitlana Hryhoriv
Keyword(s):  
Local Governments ◽  
Life Support ◽  
Public Private Partnership ◽  
The State ◽  
Private Business ◽  
Local Authorities ◽  
Public Authorities ◽  
Actual Problem ◽  
Private Partnership ◽  
Capital Construction

The article is devoted to the study of theoretical and methodological aspects of public-private partnership in the field of capital construction. In the context of globalization and the development of European integration processes, the need to improve the quality of life of the population and the introduction of European and world standards of life support makes the actual problem of improving the efficiency of housing and communal services and capital construction. The article defines that public-private partnership in today's conditions is one of the most progressive mechanisms of effective cooperation between the state (territorial community) and private business, which is carried out in order to increase the effectiveness of their functions by state and municipal authorities. Thus, based on the analysis of domestic practice of public-private partnership, the promising experience in implementing partnership projects of local governments and the private sector on the example of Ivano-Frankivsk is separated. In particular, the main aspects of cooperation between the local authorities of Ivano-Frankivsk and NEFCO in the implementation of energy saving programs are presented. It is noted that the basis of public-private partnership, as a rule, is the financial relationship between public authorities and representatives of private business. That is, it is about investing private capital in the development of state and communal property, necessarily on mutually beneficial terms. It is obvious that in the current conditions the implementation of projects in the field of capital construction by local authorities is practically impossible without the involvement of private partners in this process. At the same time, there are a number of factors and obstacles that in practice significantly complicate the process of establishing effective cooperation between the state and business. It is substantiated that public-private partnership is a kind of mechanism that provides certain benefits simultaneously for all its participants: the state, private business and the community. However, it has been proven that, as in any other economic relationship, there are some risks in a public-private partnership that are likely to create a threat to each party to the partnership.

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