Improving the Mechanisms of Public-Private Partnership

Aliya Zyalilevna Minnibaeva,Irina Alexandrovna Koshkina,Artur Faridovich Ziyatdinov,Irina Yurievna Vaslavskaya

doi:10.5430/ijfr.v12n2p242

Aliya Zyalilevna Minnibaeva, Irina Alexandrovna Koshkina + Show 2 more

Open Access

https://doi.org/10.5430/ijfr.v12n2p242

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Abstract

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.

Highlights

One of the most important issues in the world today for development is the creation of infrastructure and infrastructure; From intercity and suburban routes to information technology infrastructure and the like
It is clear that the public sector, without the help of the private sector, cannot create optimal infrastructure and infrastructure, because many specialties are stronger in the private sector and the private sector usually has a better ability to manage resources and time in projects
Development of private partnership (PPP) is defined by a number of the factors influencing the expansion of scales and forms of interaction of the state and business (Druzhkov & Eremin, 2019), defining from which the possibility of the displaced economy mechanism to build up the economic relationship between private business and the state is

Summary

Introduction

One of the most important issues in the world today for development is the creation of infrastructure and infrastructure; From intercity and suburban routes to information technology infrastructure and the like. No economy in the world can thrive without building the necessary infrastructure. From the past to the present, for reasons such as high costs, long payback period, weak financial strength and lack of protection of laws and regulations from the private sector, the creation of infrastructure has been the responsibility of the public sector or the government and government and public organizations (Kolesnikov et al, 2018; Lousada, 2020). It can be concluded that the best way to create optimal infrastructure and infrastructure is to use all specialties in the public sector (including the national government, local government and municipalities) and in the private sector, to use the legal support of the public sector and most importantly financial resources.

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