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Stages of concession mechanisms implementation in the Volgograd Oblast

Vol. 26, Iss. 2, FEBRUARY 2020

Received: 18 October 2017

Received in revised form: 20 November 2017

Accepted: 23 November 2017

Available online: 28 February 2020

Subject Heading: INVESTING

JEL Classification: L32

Pages: 410–429

Shor I.M. Volgograd State University (VolSU), Volgograd, Russian Federation

ORCID id: not available

Subject This article highlights the issues of development of practice and activation of interaction between authorities and private business. The article reveals the essence, content and stages of concession mechanisms in the region.
Objectives The article aims to consider the realization stages of concession mechanisms at the regional level using the Volgograd oblast as a case study.
Methods The research involves the methods of systems analysis, observation, specification, abstraction, synthesis, comparison, and generalization of theoretical and practical material.
Results The article identifies and specifies the essence, content, and stages of concession mechanisms at the regional level.
Relevance Concession mechanisms help to search private investors and encourage competitive procedures in the region. The results obtained can be used by the local authorities in implementing the concession mechanisms in the region.

Keywords: concession, mechanism, effectiveness, expenses, budget


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