Public-private partnership as a mechanism for effective management of state property

Keywords: public-private partnership, concession, public sector, private sector (business), private financing models, transit potential

Abstract

This article examines the global experience of using public-private partnerships and its impact (positive and negative) on economic growth. Factors influencing sustainable technological progress and state policy on opportunities and economic benefits of Ukraine due to the expansion of public-private partnership in the context of globalization are identified. A methodical set of tools is used, which allows public administration representatives not only to realistically assess the resource potential of state property, but also to be able to effectively manage it in conditions of rapid technology development, limited funding and impossibility and / or inexpediency of state property.

The study proves that public-private partnership in Ukraine has not gained much popularity, although changes in all areas of activity encourage a new perception and attitude to public-private partnership through:  attractiveness of investments in public sector development for foreign companies and sole proprietors;  competitiveness, transparency and the ability to have the best partners among private partners; risk parity that can be placed on the partner, which can reduce it more effectively; profitability, preferences and reduction of the tax burden on business; high quality and prompt project development, thanks to the experience of a private partner in a particular field; the ability of the public partner to control the development and implementation of the project; support for new business ideas, innovative approach and maximizing the experience of private partners.

Author Biography

Anzhelika Chepelenko, Educational Scientific Professional Pedagogics Institute Ukrainian engineering pedagogics academy

docent, PhD of economy Department of Business economics and Management

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Published
2021-09-29
How to Cite
Chepelenko, A. (2021). Public-private partnership as a mechanism for effective management of state property. VUZF Review, 6(3), 133-144. https://doi.org/10.38188/2534-9228.21.3.15
Section
Articles