IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2018i3p927-940.html
   My bibliography  Save this article

Economic Preconditions for the Development of Public-Private Partnership in the Vologda Region

Author

Listed:
  • Irina Statsenko

    (Vologda State Dairy Farming Academy by N.V. Vereshchagin)

Abstract

The partnership of the state and business is one of the powerful tools for solving socially significant tasks of a region. The annual rankings of regions as regards the level of public-private partnership development do not take sufficient account of the initial economic and investment conditions for the development of regions. Moreover, it hampers assessing the effectiveness of the regional authorities in the sphere of public-private partnership. Therefore, the identification of economic preconditions stimulating or, on the contrary, restraining the development of public-private partnership in the subjects of the Russian Federation is relevant. The article describes the main trends in the development of public-private partnership in the Vologda region. The study is based on the rating assessments of the level of public-private partnership development in the regions of the Russian Federation, as well as on the socio-economic ranking of regions and the rating of their investment potential and risk. To achieve the goal of the study, the methods of dynamic analysis, modelling, and structural analysis as well as statistical methods are used in the article. The research has shown a strong correlation dependence of the development of public-private partnership in the region on its economic and investment situation. The Vologda region ranked 29th place in the public-private partnership development rating in 2016. I substantiate that the region should occupy 44th place in this rating taking into account economic and investment conditions, and under the optimistic scenario, it could take the 9th place. It indicates the reserves for the development of the public-private partnership in the region. The author’s coefficient of the application of economic and investment conditions for the development of public-private partnership in the Vologda region is 1.52, which indirectly confirms the effectiveness of government decisions in the sphere of public-private partnership. Further research in the field of the formation of conceptual bases for the public-private partnership development taking into account the industrial features of the Vologda region will contribute to the development of public-private partnership in the Vologda region.

Suggested Citation

  • Irina Statsenko, 2018. "Economic Preconditions for the Development of Public-Private Partnership in the Vologda Region," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 927-940.
    • Handle: RePEc:ura:ecregj:v:1:y:2018:i:3:p:927-940
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2018/September_2018/ERSeptember2018_927_940.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Delmon,Jeffrey, 2011. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9780521152280, August.
    2. Delmon,Jeffrey, 2011. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9780521763967, August.
    3. Paul A. Grout, 2003. "Public and Private Sector Discount Rates in Public-Private Partnerships," Economic Journal, Royal Economic Society, vol. 113(486), pages 62-68, March.
    4. Frédéric Marty, 2017. "Partenariats Public-Privé," Post-Print halshs-01614875, HAL.
    5. V. Buvaltseva & V. Chechin., 2015. "Development of the Investor Institution in Russia as a Basic Participant of Securities Market," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 3.
    6. Giulio Palermo, 2000. "Economic Power and the Firm in New Institutional Economics: Two Conflicting Problems," Journal of Economic Issues, Taylor & Francis Journals, vol. 34(3), pages 573-601, September.
    7. Philippe Burger & Ian Hawkesworth, 2011. "How To Attain Value for Money: Comparing PPP and Traditional Infrastructure Public Procurement," OECD Journal on Budgeting, OECD Publishing, vol. 11(1), pages 91-146.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eisenkopf Alexander, 2017. "PPP – kein relevanter Beitrag zur Lösung der Infrastrukturprobleme in Deutschland," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 66(3), pages 246-256, December.
    2. Cherevykov, Ievgen, 2013. "Institutional environment for public-private partnership in Ukraine:Do institutions really matter?," MPRA Paper 62110, University Library of Munich, Germany.
    3. V. A. Tsukerman & A. A. Kozlov, 2017. "About the mechanism of development of industrial service in the Arctic zone of the Russian Federation," Russian Journal of Industrial Economics, MISIS, issue 4.
    4. World Bank Group, 2016. "Benchmarking Public-Private Partnerships Procurement 2017," World Bank Publications - Reports 25089, The World Bank Group.
    5. Khrystyna Danylkiv & Khrystyna Gorbova & Nataliia Hembarska & Viktor Trynchuk & Yurii Paida & Volodymyr Havran, 2020. "Methods of Economic Evaluation of Concession Project Effectiveness," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(4), pages 67-84.
    6. Kempe Ronald Hope, Sr, 2010. "Infrastructure Constraints and Development in Kenya," Journal of Infrastructure Development, India Development Foundation, vol. 2(2), pages 91-104, December.
    7. Graeme Hodge & Carsten Greve, 2013. "Public–private partnership in developing and governing mega-projects," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 9, pages 182-208, Edward Elgar Publishing.
    8. Changjie Zhan & Martin de Jong & Hans de Bruijn, 2017. "Path Dependence in Financing Urban Infrastructure Development in China: 1949–2016," Journal of Urban Technology, Taylor & Francis Journals, vol. 24(4), pages 73-93, October.
    9. Dorothée Allain-Dupré & Claudia Hulbert & Margaux Vincent, 2017. "Subnational Infrastructure Investment in OECD Countries: Trends and Key Governance Levers," OECD Regional Development Working Papers 2017/05, OECD Publishing.
    10. Fandel, Günter & Giese, Anke & Mohn, Brigitte, 2012. "Measuring synergy effects of a Public Social Private Partnership (PSPP) project," International Journal of Production Economics, Elsevier, vol. 140(2), pages 815-824.
    11. Baños-Pino, José F. & Boto-García, David & Zapico, Emma, 2021. "Persistence and dynamics in the efficiency of toll motorways: The Spanish case," Efficiency Series Papers 2021/03, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    12. Luo, Lanlan & Zou, Ziran & Chen, Shou, 2021. "Discounting for public-private partnership projects in China," Economic Modelling, Elsevier, vol. 98(C), pages 218-226.
    13. Marian Moszoro & Gonzalo Araya & Fernanda Ruiz-Nuñez & Jordan Schwartz, 2015. "What Drives Private Participation in Infrastructure Developing Countries?," Palgrave Macmillan Books, in: Stefano Caselli & Guido Corbetta & Veronica Vecchi (ed.), Public Private Partnerships for Infrastructure and Business Development, chapter 0, pages 19-44, Palgrave Macmillan.
    14. Kokkaew, Nakhon & Oliveira Cruz, Carlos & Alexander, Derek, 2015. "The impact of rule of laws on the recovery of distressed PPP infrastructure Projects," MPRA Paper 77494, University Library of Munich, Germany.
    15. Mehrdad Vahabi, 2011. "Appropriation, violent enforcement, and transaction costs: a critical survey," Public Choice, Springer, vol. 147(1), pages 227-253, April.
    16. Moiseenko, Elena, 2018. "Becker’S Economic Theory In The Genesis Of The Institute Of Economic Power In Modern Ukraine," EUREKA: Social and Humanities, Scientific Route OÜ, issue 5, pages 47-51.
    17. Giulio Palermo, 2005. "Misconceptions of Power: From Alchian and Demsetz to Bowles and Gintis," Working Papers ubs0510, University of Brescia, Department of Economics.
    18. Vahabi, Mehrdad, 2005. "Destructive power, enforcement and institutional change," MPRA Paper 13236, University Library of Munich, Germany, revised Jan 2006.
    19. Rachael Nsasira & Benon C. Basheka & Pross. N. Oluka, 2013. "Public Private Partnerships (PPPs) and Enhanced Service Delivery in Uganda: Implications from the Energy Sector," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 4(3), pages 48-60, May.
    20. Chandan Kumar, 2018. "Role of bidding method and risk allocation in the performance of public private partnership (PPP) projects," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2018-013, Indira Gandhi Institute of Development Research, Mumbai, India.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ura:ecregj:v:1:y:2018:i:3:p:927-940. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Naydenov (email available below). General contact details of provider: http://www.economyofregion.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.