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Regional Economics: Theory and Practice
 

The role of public-private partnership in the development of the Russian Regions' infrastructure

Vol. 20, Iss. 6, JUNE 2022

PDF  Article PDF Version

Received: 4 April 2022

Received in revised form: 26 April 2022

Accepted: 12 May 2022

Available online: 15 June 2022

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: C38, D02, Y10

Pages: 1118–1142

https://doi.org/10.24891/re.20.6.1118

Svetlana V. PANIKAROVA Institute of Economics and Management, Ural Federal University named after the First President of Russia B.N. Yeltsin (UrFU), Yekaterinburg, Russian Federation
panikarova_s@mail.ru

ORCID id: not available

Mikhail L. KUKLINOV Institute of Economics and Management, Ural Federal University named after the First President of Russia B.N. Yeltsin (UrFU), Yekaterinburg, Russian Federation
mkuklinov@mail.ru

https://orcid.org/0000-0003-3663-7292

Vladimir V. YUGOV Ural State Forest Engineering University (USFEU), Yekaterinburg, Russian Federation
vova-amway@inbox.ru

ORCID id: not available

Subject. This article discusses the importance of infrastructure investment for the socio-economic development of the regions of Russia.
Objectives. The article aims to analyze the regional investment policy from the perspective of the development of public-private partnership.
Methods. For the study, we used a cluster analysis.
Results. The article proposes a typology of the subjects of the Russian Federation, using indicators related to investments in infrastructure and development of public-private partnerships. The article finds that the possibilities of public-private partnership as a mechanism are not fully used, which is due to institutional factors and limited access to financial resources.
Conclusions. The creation of specialized competence centers and development of public-private partnership institutions will contribute to the formation of a more effective investment policy in the regions of Russia.

Keywords: public-private partnership, regional infrastructure, investment, cluster

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