Public-and-Private Partnership Institutionalization of Ukrainian Natural Resource Potential Capitalization in Decentralization
Abstract
The paper studies the process of using natural resource potential in a new decentralized environment considering its variability and problems of national economy and rural areas, exacerbation of exogenous threats to economic self-sufficiency and economic security of the country as well as local self-government reforms on the sample of Ukraine. The necessity of forming a perfect institutional environment that improves the investment climate of rural areas, opens opportunities for accelerated capitalization of natural resource potential of newly created communities and the development of private-public partnership between the state and business structures. The formation of a new institutional environment for the development of public-private partnership and management decentralization will contribute to the capitalization of natural and economic assets owned by state and rural communities. The necessity of normative-legal expansion of the list of spheres of application of public-private partnership agreements is substantiated and the expediency of clear identification of all possible forms of relations between state and private partners based on the implementation of positive foreign experience is emphasized. The necessity of public-private partnership agreements as a factor of strengthening economic and financial self-sufficiency of newly created territorial communities in the conditions of decentralization of power strengthening and local self-government reformation is proved.
References
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[28] State Statistics Service of Ukraine. 2022. https://ukrstat.gov.ua/
[29] The Verkhovna Rada of Ukraine. 1997. The Law of Ukraine “On Local Self-Government in Ukraine”. https://zakon.rada.gov.ua/laws/show/280/97-%D0%B2%D1%80#Text
[30] The Verkhovna Rada of Ukraine. 1999. The Law of Ukraine Law of Ukraine “On Production Sharing Agreements. https://zakon.rada.gov.ua/laws/show/1039-14#Text
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[2] Al Alawi, A. 2022. The effect of business and investment procedure, taxation, and infrastructure on the investment attractiveness: the moderating role of embeddedness. Journal of Entrepreneurship 26 (S4): 1-19.
[3] Algarni, A. D. 2022. The economic and demographic dimensions of Ukraine in the Russian strategic perspective. Rasanah https://rasanah-iiis.org/english/wp-content/uploads/sites/2/2022/04/The-Economic-and-Demographic-Dimensions-of-Ukraine-in-the-Russian-Strategic-Perspective.pdf
[4] Aljarallah, Ruba A., and Andrew Angus. 2020. Dilemma of natural resource abundance: A case study of Kuwait. Sage Open 10 (1): 2158244019899701.
[5] Andersen, Allan Dahl, Anabel Marín, and Erlend O. Simensen. 2018. Innovation in natural resource-based industries: a pathway to development? Introduction to special issue. Innovation and Development 8 (1): 1-27.
[6] Andonova, Liliana B., and Dario Piselli. 2022. Transnational partnerships, domestic institutions, and sustainable development. The case of Brazil and the Amazon Region Protected Areas program. World Development 157: 105809.
[7] Baranovska, V., Zavertneva-Yaroshenko, V., Dryshliuk, V., Leshanych, M. and Huk, I.M. 2022. Legal regulation of public-private partnership relations and protection of the interests of business entities in Ukraine. Amazonia Investiga 11 (50): 99-108.
[8] Bohashko, Oleksandr Leonidovych. 2022. Recommendations for improving the efficiency of innovation activities of entrepreneurship in the conditions of the Russian-Ukrainian war. Publishing House “Baltija Publishing”.
[9] Ehrman, Monika. 2020. Application of natural resources property theory to hidden resources. International Journal of the Commons 14 (1): 627–37.
[10] Fan, Weiguo, Nan Chen, Ximeng Li, Hejie Wei, and Xuechao Wang. 2020. Empirical research on the process of land resource-asset-capitalization - A case study of Yanba, Jiangjin district, Chongqing. Sustainability 12 (3): 1236.
[11] Klinovoi, Dmytro, and Peter Rogov. 2017. Decentralization: economics, finance and environmental safety. Social Developmtnt and Security 2 (2): 34 - 67.
[12] Kozak, Liudmyla, Olesia Fedoruk, and Tetiana Zaplitna. 2023. Strategic vectors of sustainable development of Ukraine’s economy in the context of World Economic Dominants. In International Conference on Business and Technology, 319-38. Cham: Springer.
[13] Kyrylov, Yuriy, Viktoriia Hranovska, Hanna Zhosan, and Inna Dotsenko. 2022. Innovative Development of Agrarian Enterprises of Ukraine in the Context of the Fourth Industrial Revolution. In AIP Conference Proceedings, Vol. 2413, No. 1, p. 040014. Melville, NY: AIP Publishing LLC.
[14] Lebdioui, Amir. 2021. Are we measuring natural resource wealth correctly? A reconceptualization of natural resource value in the era of climate change (No. 2021/18). WIDER Working Paper.
[15] Mishenina, N. V., I. Y. Yarova, and H. A. Mishenina. 2017. Development of mechanisms of public-private partnership in the sphere of nature management in conditions of decentralization. Marketing and Management of Innovations 1: 319-30.
[16] Oberle, B., Bringezu, S., Hatfield-Dodds, S., Hellweg, S., Schandl, H. and Clement, J. 2019. Global resources outlook 2019: Natural resources for the future we want. International Resource Panel. United Nations Environment Programme. Nairobi, Kenya. https://www.resourcepanel.org/reports/global-resources-outlook
[17] Rawtani, Deepak, Gunjan Gupta, Nitasha Khatri, Piyush K. Rao, and Chaudhery Mustansar Hussain. 2022. Environmental damages due to war in Ukraine: A perspective. Science of The Total Environment, in press. DOI: https://doi.org/10.1016/j.scitotenv.2022.157932
[18] Rudenko, Valeriy, Myroslav Zayachuk, Zhanna Buchko, Hanna Ieremiia. 2017. Farming economies in Ukraine by resource potential aggregate. Human Geographies--Journal of Studies & Research in Human Geography 11 (2): 231-40.
[19] Sharofitdinovich, Q. J. 2022. Theoretical and methodological basis of the effect of public-private partnership on increasing investment capacity. Web of Scientist: International Scientific Research Journal 3 (8): 134-40.
[20] Tretiak, A., Tretiak, V., Sakal, O., Kovalenko, A., Tretiak, N. and Shtogryn, H. 2020. The value-added chain in the mechanism of public-private partnership for the development of the land use economy of rural territories. Agricultural and Resource Economics: International Scientific E-Journal 6 (1868-2020-1689): 112-34.
[21] Ugli, Мahsudov Muhammadbek Dilshodbek, and Bobomurodova Shokhsanam Shavkat Qizi. 2019. Economic basis of evaluation of land resources and their capitalization. International Journal of Financial, Accounting, and Management 1 (2): 101-3.
[22] Wunderlich, Shahla M., and Natalie M. Martinez. 2018. Conserving natural resources through food loss reduction: Production and consumption stages of the food supply chain. International Soil and Water Conservation Research 6 (4): 331-39.
[23] Zhalilo, Yaroslav. 2022. Supply chains sophistication in “Smart” local communities. In Increasing Supply Chain Performance in Digital Society, 221-41. Hershey, PA: IGI Global.
[24] Zhou, Nan, Wenli Cheng, and Longyao Zhang. 2022. Land rights and investment incentives: Evidence from China’s Latest Rural Land Titling Program. Land Use Policy 117: 106126.
[25] Civil society organization sustainability index. 2019. https://www.fhi360.org/sites/default/files/media/documents/resource-csosi-2019-report-europe-eurasia.pdf
[26] Global Food Security Index. 2021. https://foodsecurityindex.eiu.com/index
[27] Rappel, Ian. 2018. Natural capital: A neoliberal response to species extinction. International Socialism Journal 160: 2-10.
[28] State Statistics Service of Ukraine. 2022. https://ukrstat.gov.ua/
[29] The Verkhovna Rada of Ukraine. 1997. The Law of Ukraine “On Local Self-Government in Ukraine”. https://zakon.rada.gov.ua/laws/show/280/97-%D0%B2%D1%80#Text
[30] The Verkhovna Rada of Ukraine. 1999. The Law of Ukraine Law of Ukraine “On Production Sharing Agreements. https://zakon.rada.gov.ua/laws/show/1039-14#Text
[31] The Verkhovna Rada of Ukraine. 2010. The Law of Ukraine “On public-private partnership”. http://zakon4.rada.gov.ua/laws/show/2404-17
Published
2022-09-02
How to Cite
YUKHYMENKO, Petro et al.
Public-and-Private Partnership Institutionalization of Ukrainian Natural Resource Potential Capitalization in Decentralization.
Journal of Environmental Management and Tourism, [S.l.], v. 13, n. 5, p. 1493 - 1502, sep. 2022.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/7218>. Date accessed: 20 apr. 2024.
doi: https://doi.org/10.14505/jemt.v13.5(61).24.
Section
Article
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.