Volume 15 article 437 pages: 242 - 246

Published: Sep 19, 2017

DOI: 10.5937/jaes15-14601

PUBLIC - PRIVATE PARTNERSHIP AS AN ENCOURAGEMENT TOOL OF INNOVATIVE DEVELOPMENT

Lubov Afanasjeva
Lubov Afanasjeva
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Abstract

The main aim of this study is to substantiate the assumption that public-private partnership should be considered as an encouragement tool of innovative development. We use theoretical and empirical methods of research and a review of PPP impact on innovative development of state (region). It is shown that economic infrastructure (e.g., transport) is usually a priority for PPPs than social infrastructure is. We examine the mechanism of public-private partnership to improve the efficiency of budget expenditures. It is proved that at each stage of PPP development the emphasis has consistently shifted to those areas which were a “breakthrough” to solve economic and social problems of the state and to improve competitiveness and ensure economic security of the state at the time.

Keywords

Public-private partnership Innovative development Project funding Budget risk Economic infrastructure

Acknowledgements

Article is executed within the state task of Southwest state university, a project code: 26.9190.2017/BC.

References

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