Public-Private Partnership: Its Essence and Specificity

  • Lyubov L. PASHINA Department of Economics of Enterprises of the Agro-Industrial Complex Far Eastern State Agricultural University Blagoveshchensk, Russian Federation
  • Svetlana В. PASTUSHENKO Department of Economics of Enterprises of the Agro-Industrial Complex Far Eastern State Agricultural University Blagoveshchensk, Russian Federation
  • Elena A. VOLKOVA Far Eastern State Agricultural University Blagoveshchensk, Russian Federation
  • Anton S. NENYA Joint-Stock Company ‘Far Eastern Distribution Company’ ‘Amur Electric Networks’ Blagoveshchensk, Russian Federation
  • Maria V. PASHINA Department of Economic Planning Ministry of Housing and Communal Services of the Amur Region Blagoveshchensk, Russian Federation

Abstract

The article justifies public-private partnership from the point of view of domestic and foreign theory and practice, since the state is the initiator of the vast majority of public-private partnership projects. Therefore, there is a specific partnership between the state and business, which depends on the goals, objectives, priorities of economic policy, legislative and the regulatory and legal framework, the administrative structure and functions of government bodies, the level of development of society and legal culture. It is determined that a public-private partnership should be viewed not as a simple combination of state and business resources, but as a technology for developing economic relations that combines state business and other government corrective actions with the ability to attract private investment and private business competencies to solve social and economic problems.

References

[1] Alpatov, A.A. 2016. Public-Private Partnership. Implementation Mechanisms. Alpina Publishers.
[2] Avksentyev, M.Yu. 2014. Public-Private Partnership as a Modern Mechanism for Attracting Investments in Infrastructure Industries. Author's Abstract. Thesis for a Candidate Degree in Economics. Research Institute of Economics of the Ministry of Economy of Ukraine.
[3] Bespalov, M.A. 2016. The role of public-private partnership in the innovative development of the Russian economy. In: Innovative Development of the Russian Economy: Sat. Scientific III Scientific Practice. Conf. Young Scientists December 10.MESI, 13-25.
[4] Bogdan, I.V. 2014. Advantages and risks of participation of foreign investors in public-private partnership projects. Economics and Forecasting, 2: 14-25.
[5] Brailovsky, I.A. 2015. The theory of jointly-separated relations as a methodological basis for determining the category and the formation of mechanisms of public-private partnership. East: Analytical and Informational Professional Scientometric Journal, 1(133): 5-8.
[6] Buley, N.V., et al. 2016. Public administration and municipal governance and its significance for a modern democratic society. International Journal of Economics and Financial Issues, 6(8 Special Issue): 220-224.
[7] Danilin, A.N., Kurdumov, N.N., Kuznetsova, E.L. and Rabinsky, L.N. 2015. Modelling of deformation of wire spiral structures. PNRPU Mechanics Bulletin, 4: 72-93
[8] Dilman, M.I., and Bayramova, Zh.M. 2017. State-private partnership in Russia: the current state and development problems. Knowledge, 1-2(41): 88-95.
[9] Gudienko, G.V. 2017. Public-private partnership as a factor for the development of innovative entrepreneurship (on the example of the Central Federal District of the Russian Federation). Advances in Modern Science and Education, 3(2): 24-27.
[10] Kolesnikov, Yu.A., Pavlyuk, A.V., Radachinsky, Yu.N. and Rodionova, N.D. 2018. Problems of Implementation of Public-Private Partnership in Russia. European Research Studies Journal, 21, 187-197.
[11] Kozyrev, M.S. 2015. The procedure for the adoption and execution of legal acts by the executive authorities in Moscow. Materials of the Afanasiev Readings, 1(13): 198-206.
[12] Nedopasova, O.P., et al. 2017. Franchising for social projects: what can you learn from business? Baikal Research Journal, 8(1): 17-23.
[13] Nikitenko, S.M., and Gosen, E.V. 2017. Public-private partnership in subsurface use: new opportunities for Russia's fuel and energy complex. Mineral resources of Russia. Economics and Management, 1: 27-32.
[14] Obukhov, K.Yu. 2017. Possibilities of designing in the management of public-private partnership in the region. Economics and Management: Problems, Solutions, 2: 97-104.
[15] Oleschenko, V. 2015. International Conference on Actual Legal Problems of Public-Private Partnership Development in the Field of Agrarian, Land, Ecological and Space Relations, November 22, in Kiev, Ukraine.
[16] Ozina, A.M., and Chernyshov, A.N. 2017. Conceptual aspect of forming a mechanism for regulating social and economic relations in the field of services on the basis of social partnership. Bulletin of the NGEI, 2(69): 82-89.
[17] Shmerkevich, A.B. 2017. The role of public-private partnership in modernizing healthcare in Russia. Journal of Scientific Articles ‘Health and Education in the Twenty-First Century’, 19(17): 95-99.
[18] Smotrytskaya, I.I. 2017. The state as a participant in entrepreneurial activity in the field of public procurement. Russian Entrepreneurship, 3: 285-294.
[19] Sobolev, E.A. 2016. Development of Russian Development in Modern Conditions. Moscow State University of Construction, EFS ASB.
[20] Tsvetkov, V.A., Zoidov, K.H., and Medkov, A.A. 2017. State-private partnership is the main form of realization of transport-transit potential of Russia. Economy of the Region, 13(1): 1-12.
[21] Vaisman, E.Ya. 2016. Mechanism of attraction of investments into the region's economy on the basis of public-private partnership. Investments: Practice and Experience, 6: 149-153.
[22] Varnavsky, V.G. 2009. The place and role of public-private partnership in the system of economic categories: the attempt of system analysis. In: State-Private Partnership in the Conditions of Crisis: Materials of the Scientific-Practical Conference. IE RAS, 27-34.
[23] Vynnik, A.N. 2015. Corporate Form of Public-Private Partnership: The Problems of the Right Provision against the Background of Foreign Experience. Prior.
[24] Yuldashev, R.S., and Khabyulin, L.R. 2017. State-private partnership in Russia: the present state. Fundamental and Applied Research in the Modern World, 17-2: 60-72.
Published
2019-12-04
How to Cite
PASHINA, Lyubov L. et al. Public-Private Partnership: Its Essence and Specificity. Journal of Advanced Research in Law and Economics, [S.l.], v. 9, n. 8, p. 2733-2739, dec. 2019. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/4130>. Date accessed: 08 may 2024. doi: https://doi.org/10.14505//jarle.v9.8(38).22.