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Realization of the State-Private Partnership in the Regional Industrial Policy System

Journal: Scientific Bulletin of Mukachevo State University. Series “Economics” (Vol.4, No. 2)

Publication Date:

Authors : ;

Page : 126-132

Keywords : public-private partnership; state-customer; state-equal partner; state-guarantor; concession;

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Public-private partnership is one of the modern options for solving the issue of attracting private investment resources to ensure the development of the economic sectors of the region in general and its industrial sector. The combination of investment activity and financial resources of the state and business allows not only to reduce the financial burden on local budgets, but also to ensure the competitive development of important industries and spheres of activity in the economy of the region. The main feature of public-private partnership is cooperation between the state, state territorial communities (in the person of the relevant state authorities or local self-government bodies) and private partners. In most cases, the partnership involves attracting funds from a private investor with a partial transfer of his rights to operational management of investment objects for a specified term. The author considers the organizational mechanism of public-private partnership. The article uses general scientific methods of research. The study showed that, depending on the specifics of the regulation of the mechanism of private initiative in the country, which uses the model of public-private partnership, it is possible to group into groups: countries with a system of bonuses; countries that use the "Swiss" system; countries that use a mixed system; countries that do not have preferences for a private partner; countries that use an individual approach. The article emphasizes that the most widespread form of realization of public-private partnership is the concession on the principles of the ВОТ. Consequently, the goal of public-private partnership in developed countries is to solve problems that are related to the private sector's economic activity, the implementation of investment projects with a significant payback period and significant initial and current costs. In developing countries, public-private partnerships are used to implement infrastructure projects (especially those aimed at developing road transport and communications infrastructure) and in the field of electricity. Further research will focus on the specifics of the objective orientation of public-private partnership programs.

Last modified: 2021-08-19 18:57:51