Ways to implement public-private partnerships and their economic efficiency

Abstract

Given the role of business in meeting the needs of society, it can be concluded that the state cannot fulfill its socio-economic functions without an efficiently functioning business. This is an important condition for the formation of partnerships between business and the state. Another important condition is that business cannot develop effectively without the help and assistance of the state. This is due to a number of reasons. The effectiveness of demand satisfaction is directly related to the rational use of economic resources and a flexible response to changes in the structure of demand. Efficient use of resources by each individual producer ultimately ensures the efficiency of the entire economic system. Business, performing its direct functions, ensuring the preservation and expanded reproduction of their property through the increase of private capital, simultaneously performs social functions related to the increase of social capital and the product capable of ensuring effective demand in the market of goods and services. The article substantiates the need to use the mechanism of public-private partnership as an effective tool for implementing the innovation policy of regions, and also identifies the possibilities of public-private partnership in projects for commercialization of intellectual property as a form of interaction between the state, research institutions and business.