THE ROLE OF STATE ECONOMIC POLICY IN THE IMPLEMENTATION OF NEW TECHNOLOGIES AND INNOVATIONS: THE CASE OF PUBLIC-PRIVATE PARTNERSHIPS IN EU COUNTRIES

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This article examines the role of state economic policies in promoting new technologies and innovations, with a focus on public-private partnerships (PPPs) in several EU member states. It studies how collaboration between the public and private sectors influenced by state economic policies contributes to the development of new technology. Through a comprehensive analysis of multiple case studies and empirical data, this work assesses how these policies could promote innovation and technological advancement under PPP frameworks. It particularly examines how different state interventions - such as financial incentives, regulatory frameworks, and direct investments - interact with private sector capabilities to foster technological advancements. Additionally, it identifies best practices and potential areas for policy improvement to enhance the impact of PPPs on innovation.

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  • 10.1596/978-1-4648-1574-4
Public-Private Partnerships for Health in Vietnam: Issues and Options
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  • Sang Minh Le + 2 more

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  • 10.62034/2815-5300/2024-v1-i3-005
КОНЦЕПТУАЛЬНІ ПРОБЛЕМИ ЗМІСТОВНОЇ ІНТЕРПРЕТАЦІЇ ДЕРЖАВНО-ПРИВАТНОГО ПАРТНЕРСТВА
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It has been established that there is still no generally accepted and established definition of public-private partnership in both foreign and domestic literature. In some definitions, the conditional uncertainty of the essence of this concept is deliberately embedded. Thus, the European Investment Bank (EIB) defines a public-private partnership as an agreement between an institution representing public authorities and a private partner, intended for the implementation of public infrastructure projects and public services within the framework of a long-term contract. Since this resolution does not record the nature of such agreements, does not indicate the principles of the relationship between the private and public sectors, then the EIB documents focus, first of all, on the fact that the private sector can receive financial benefits in two ways: payments are made by a state body to a private partner based on the diagnosis of the results of service provision (for example, road availability); the private partner is granted the right to receive revenue from the provision of the service (for example, to introduce and collect tolls for the use of roads). The definitions of the World Bank and the Organization for Economic Co-operation and Development (OECD) are similar and emphasize that a public-private partnership is a long-term contract between the public and private sectors in which significant responsibility rests with the private sector in the field of management, as well as the private sector assumes most of the risks in the implementation of this project. The OECD also emphasizes in its definition the fact that the transfer of risk to a private partner largely depends on the effectiveness of such a project, and that the state's goals are aligned with the private sector's profit-maximizing goals. These definitions are quite cumbersome and detailed, but even they have not become universal and able to cover various options and forms of implementation of public-private partnership. The generalization of the existing approaches to the definition of public-private partnership was further developed, with the selection of three main interpretations: broad (implies the inclusion in the content of the concept of public-private partnership, various options for the interaction of the state and the private sector, aimed at solving any tasks in any spheres of social life); narrow interpretation (presupposes that within the framework of a public-private partnership, the state and business are united to implement a specific investment project regarding those objects that belong to the sphere of public interest and control, for example, related to the production and offer of any public good); contractual (related to the dual nature of the concept of public-private partnership, which involves not only its socio-economic essence, but also its legal one. With this interpretation, the public-private partnership is considered as a specific contract, the subject of which is various works on the construction and use of within the framework of this approach, the concept of public-private partnership is filled with various features and essential conditions of this specific contract, and the subject composition of the participants of contractual relations is also determined). Keywords: relations between private and public sectors, public partner, public-private partnership, private partner, project.

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Determinants of public-private-partnership performance: the case of Pakistan
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Determinants of public-private-partnership performance: the case of Pakistan

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  • 10.14455/isec.res.2018.146
CHALLENGES FACED BY PUBLIC-PRIVATE PARTNERSHIP IN IMPROVING SERVICE DELIVERY
  • Dec 1, 2018
  • Proceedings of International Structural Engineering and Construction
  • Nokulunga Xolile Mashwama + 2 more

Partnerships, of any kind, come with challenges and obstacles that might be a threat to the success of the vision they have. PPPs are faced with a lot of challenges when it comes to infrastructure delivery in South Africa and across the globe. Hence, the study was conducted to determine the challenges faced by Public Private Partnerships (PPPs) in the South Africa. The data in this paper was obtained from secondary and primary sources. 90 structured questionnaires were distributed to construction stakeholders in the public and private sectors, who were involved in the PPP's projects in South Africa in the Gauteng province. 80 Questionnaires were brought back and were valid for use. The study revealed that: PPPs are inflexible; there is limited trust between public and private sector professionals; lack of sufficient time to implement PPPs; reduced control of public assets; conflict of interest between private and public sector; public acceptability; PPPs are not integrated into sector planning, lack of resources dedicated to fostering PPPs, a policy bias toward traditional public procurement and against PPPs, lack of fiscal imperative to use PPPs and policy on PPP changes with changes in political leadership, etc. The research has revealed that PPPs are lacking at the highest levels of leadership especially at governmental level. Also, PPPs must be favored in general, not in specific circumstances.

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PUBLIC-PRIVATE PARTNERSHIP AS A CATALYST FOR ENTREPRENEURSHIP DEVELOPMENT: MUTUALLY BENEFICIAL COOPERATION FOR ECONOMIC GROWTH
  • Mar 20, 2023
  • Ukrainian Journal of Applied Economics and Technology
  • Maryna Mashchenko + 2 more

Public-private partnership (PPP) is considered one of the effective instruments for collaboration between the government and the private sector in stimulating economic development. PPP can catalyze entrepreneurial growth, foster a favorable business environment, and accelerate infrastructure and socio-economic projects. This research aims to develop theoretical and methodological approaches to ensure public-private entrepreneurial development partnerships. Public-private partnership (PPP) is recognized as a driving force for entrepreneurial development, as it opens new prospects and opportunities for creating a favorable business environment. Ukraine's public-private partnership's entrepreneurial development principles have been formulated. The objectives and tasks of the program for the development of public-private partnerships for entrepreneurial development have been systematized, including goals and studies aimed at supporting and stimulating entrepreneurship through public-private partnerships: creating a favorable investment climate; supporting small and medium enterprises; fostering innovative entrepreneurship; expanding export potential; promoting sectoral collaboration. The main directions for establishing public-private partnerships in Ukraine for entrepreneurial development have been proposed. The following methodological approach is suggested to ensure a successful public-private partnership for entrepreneurial development, which includes the following stages: analysis of needs and goals, development of a strategy for public-private partnership for entrepreneurial development, improvement of the legislative framework, the establishment of communication mechanisms, financial support, creation of a favorable regulatory environment, support for education and training, monitoring and evaluation of joint PPP projects. This methodological approach will help create a conducive platform for public-private partnerships and contribute to entrepreneurial development. Research on the principles, methods, and directions for implementing public-private partnership mechanisms has allowed the construction of an organizational and economic model for its functioning with the aim of entrepreneurial development, enabling effective coordination among enterprises, market institutions, and government bodies for joint entrepreneurial development and the achievement of positive socio-economic results. Recommendations have been developed to ensure public-private partnerships for entrepreneurial development, which will contribute to economic growth. Keywords: public-private partnership, entrepreneurship, socio-economic development, business.

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  • Research Article
  • Cite Count Icon 2
  • 10.5901/mjss.2016.v7n2p149
Motives and Motivation for Implementation of Public Private Partnerships (PPPs) in Housing Provision in Nigeria
  • Mar 7, 2016
  • Mediterranean Journal of Social Sciences
  • Paschal Onyemaechi + 1 more

Purpose – The federal government of Nigeria in December 2011 formally adopted Public Private Partnership (PPP) as an alternative housing delivery option for Nigeria. However, evidence from available literature indicates there is the lack of empirical evidence on how the private and public sector can be better motivated to achieve improved results in PPP housing. The research therefore, investigated the Motives and Motivation for partnership between public and private sector in housing provision in Nigeria. The specific objectives are to identify and examine the motivating factors for the partnership of public and private sector operators in housing provision in Nigeria and examine how these factors can be enhanced to achieve better outcome for PPP housing in Nigeria. Methodology – A total of 24 housing PPP experts from both public and private sectors operators directly involved in the selected 8 case studies were selected and interviewed. Findings: The study indicates that derive to provide affordable housing, develop towns and cities, reduce acute housing shortage, eliminating of budget constraint, profit making and faster project completion are the motives and motivating factors for the government in PPP housing in Nigeria while the motivating factors for the private sector includes profit maximisation, large demand market, fast approvals. The study also indicated that to enhance these factors, there is need for a reform of the PPP housing policy to encourage and support private sector participation. Recommendation/Implication: The findings of the study implies that there is need to amend the PPP laws and policy with a view to encouraging and supporting the participation of the private sector in housing provision. DOI: 10.5901/mjss.2016.v7n2p149

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