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Regional Economics: Theory and Practice
 

The influence of development institutions on infrastructure investment in the border regions of the Central Black Earth economic area

Vol. 19, Iss. 11, NOVEMBER 2021

Received: 10 May 2021

Received in revised form: 27 July 2021

Accepted: 8 October 2021

Available online: 15 November 2021

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: С13, P25, R12

Pages: 2158–2173

https://doi.org/10.24891/re.19.11.2158

Dmitrii G. RODIONOV Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russian Federation
drodionov@spbstu.ru

https://orcid.org/0000-0002-1254-0464

Svetlana M. KALINA Saint-Petersburg State University (SPbSU), St. Petersburg, Russian Federation
rsvetlana.kalina.988@gmail.com

ORCID id: not available

Subject. This article studies the economic relations arising under the influence of development institutions on investment in infrastructure.
Objectives. The article aims to identify the border region of the Central Chernozemic Economic Area, which is a top performer in terms of investment efficiency of infrastructure projects implemented within the framework of public-private partnership.
Methods. For the study, we used the methods of systems, comparative, qualitative, and quantitative analyses.
Results. Based on the analysis of statistics on the implementation of projects within the framework of public-private partnership in the Central Chernozemic Area oblasts, the article identifies investment efficiency top performers and proposes a methodology for assessing the investment effectiveness of infrastructure projects.
Conclusions. The development institutions of top performer oblasts support investment activities. The necessary data for accurate inter-subject research is not enough, so public control of infrastructure projects carried out within public-private partnership should be tightened.

Keywords: development institutions, infrastructure, investment, public-private partnerships

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