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Financial Analytics: Science and Experience
 

The evolution of interaction between regional business and authorities (analysis, practice, problems)

Vol. 8, Iss. 2, JANUARY 2015

PDF  Article PDF Version

Available online: 28 January 2015

Subject Heading: ISSUES ON ECONOMICS

JEL Classification: 

Pages: 2-10

Sazonov S.P. Volgograd State Technical University, Volgograd, Russian Federation
sazonovsp@mail.ru

Kastyurina A.A. Volgograd State Technical University, Volgograd, Russian Federation
ms.kastyurina@mail.ru

Kabanov V.V. Volgograd State Technical University, Volgograd, Russian Federation
kabanov_vladimir@mail.ru

Importance At the present stage of Russia's development, the new and more efficient type of relationship between the State and business, i.e. public-private partnership (PPP), becomes very popular. The projects of public-private partnership focus on solving problems related to provision of public services, development of the State and municipal properties. The advantage of this type of relationship between authorities and business is a long-term nature of partnerships, which serves as a key to sustainable development.
     Objectives The goal of the research is to evaluate the implementation of projects of public-private partnership in Russia in 2014. We have analyzed the mechanisms of public-private partnerships in Russia, highlighted their main differences from foreign partnership of business and authority, considered the top regions for the promotion of public-private partnership, determined the number of regions in each rating, and compiled data on the number of PPP projects in various areas broken down by Federal districts.
     Methods In the present paper, we have used the methods of statistical research, comparison, and the read-across method, which facilitated the analysis of the position of regions in promoting public-private partnership.
     Results We have analyzed the situation in different regions of Russia on the basis of the PPP-start rating. We have collected data on the number of regions in the given classifications and identified the main reasons of regions' underdevelopment.
     Conclusions and Relevance We came to a conclusion that the development of the public-private partnership in the territory of the Russian Federation is extremely uneven, because many regions do not have either pilot projects in the field of PPP or elaborated legislation.

Keywords: public-private partnership, regional business, investment activity, regions' rating

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