Pushkinskaya st. 43. office 10
Rostov-on-Don, Russia
344082
e-mail: info@hjournal.ru 
tel. +7(863) 269-88-14

cubsEN (2)

Features of Interaction of Business and Government in the Form of Public-private partnership

Features of Interaction of Business and Government in the Form of Public-private partnership

Journal of Economic Regulation, , Vol. 7 (no. 4),

Today modernization of relations between the government and the business sector is an important issue particularly relevant in the context of financial globalization in the transition to a market economy. The paper discusses the theoretical concept of public-private partnership, as a form of business organization, combining the functional features of an independent firm or companies and the government, which implementation is caused by the need to ensure the production of the most important benefits in various areas, as well as the features of the interaction of business and government. It is proposed to highlight the definition of public-private partnerships in the form of a special system of relations of economic agents, as well to determine the required features that separate this form of interaction as a partnership from other forms of interaction. Also the authors consider a system of public-private partnership in terms of coordination of joint relations between the government and business, try to identify the basic principles of interaction between the participants, identify their main advantages that each of the participants in the partnership seeks to contribute to the joint project, and identifiess areas to support sustainable development the country's economy. The paper describes the problems associated with the implementation of projects in the public-private partnership system and suggests ways to improve them, discusses the main advantages and disadvantages of such members, as the government and business.


Keywords: government; business; partnership; entrepreneurship.

References:
  • Abdulazizova S. L., Gereeva P. G. and Shekhovtsov R. V. (2015). Increasing the international competitiveness of businesses. Saarbrucken (Germany), 114 p. (In Russian).
  • Gataullina A. A. (2013). Public-private partnership: the theoretical foundations. Young Academic, no. 9, pp. 160-163. (In Russian).
  • Gokzhaeva E. B., Scheveleva A. V. and Ponomareva M. A. (2014). Public-private partnership in infrastructure: the world, the Russian experience, regional incarnation. Barnaul, 185 p. (In Russian).
  • Grinberg R. S. and Rubinshtein A. Ya. (2008). Foundations of the mixed economy. Moscow, Publ. House of Institute of Economics of the Russian Academy of Sciences, 482 p. (In Russian).
  • Ivanov A. N., Tambovcev S. N. and Shekhovtsov R. V. (2012). Actual problems and prospects of development of the consumers market of the Rostov region in the context of long-term social-economic development of the region. Engineers Don Gazette, vol. 19, no. 1, pp. 515-519. (In Russian).
  • Keynes J. M. (1926). The End of «Laissez-Faire». Hogarth Press, July. Russian edition. Moscow, Publ. House of HSE, 437 p.
  • Keynes J. M. (2007). The General Theory of Employment, Interest and Money. Favorites. Moscow, Eksmo Publ., 960 p. (In Russian).
  • Kryukova E. L. and Lemieva I. V. (2016). PPP development trends. Creative Economy, vol. 3, no. 1, pp. 53-62. (In Russian).
  • Kuzmin A. V. and Egerev S. V. (2009). Evaluating the effectiveness of interaction between business, government and non-profit sector in the cross-sectoral social partnership. Russian Business, no. 5-1(134), pp. 18-24. (In Russian).
  • Kuzminov Ya. I. (2006). The course of studies of institutional economics: institutions, networks, transaction costs, contracts: textbook for university students / Ya. I. Kuzminov, K. A. Bendukidze, M. M. Yudkevitch. Moscow, Publ. House of HSE, 443 p. (In Russian).
  • Lepikhina T. L. and Uzhegova K. A. (2015). Public-private partnerships as a balancing mechanism of the social-economic enterprise development. Science Review, no. 23, pp. 240-245. (In Russian).
  • Makarov I. N. (2013). Public-private partnership in the interaction of business and government: an institutional approach. Russian Business, no. 24(246), pp. 18-29. (In Russian).
  • Makarov I. N. and Kolesnikov V. V. (2010). Efficiency audit and production of goods in ward: A view from a position of economic social dynamics. Russian Business, no. 6-2, pp. 51-55. (In Russian).
  • Makarov I. N. and Kolesnikov V. V. (2012). National infrastructure and public-private partnership: Necessities of modern economy. Creative Economy, no. 5, pp. 50-54. (In Russian).
  • Ponomareva M. A. (2011). Public-private partnership as a tool of stimulating of the development of innovation & ecological market in the region. In: Scientific Research Through the Pages of Doctoral Theses (coll.), vol. 10. Rostov-on-Don, pp. 88-95. (In Russian).
  • Savchenko I. I., Sidorova N. G., Kocheva E. V. and Matev N. A. (2015). Public-Private Partnership in Russia: current state and development problems. Izvestiya of Far Eastern Federal University, Economics and Management, no. 1(73), pp. 99-112. (In Russian).
  • Shekhovcov R. V., Tambovcev S. N., Abdullaev R. A., Norkina A. G. and Rybkina A. S. (2014). State policy of development of the investment sphere of the region: Using data of Rostov Oblast. Business Inform, no. 5, pp. 86-93. (In Russian).
  • Shilkina O. A. (2015). Public-private partnerships as a factor of social-economic development of the economy at the present stage. Vestnik of Academy, no. 1, pp. 117-123. (In Russian).
  • Tchumanskaya O. A. (2016). Public-private partnership in Russia in conditions of an economic downturn. Young Academic, no. 10, pp. 934-937. (In Russian).
  • Tyaglov S. G. and Kolitcheva J. Ya. (2012). Small-sized business as an innovative component of sustainable social-economic development of the region. Vestnik of Rostov State University of Economics (RINH), no. 3(39), pp. 85-92. (In Russian).
  • Tyaglov S. G., Kolitcheva J. Ya. and Garibova E. A. (2015). Organization of interaction of imperious and business structures of small and medium-sized business. Monograph, Rostov-on-Don, 276 p. (In Russian).
  • Tyaglov S. G. and Setrakova E. V. (2013). Regional aspects of the development of social partnership institution. Vestnik of Rostov State University of Economics (RINH), no. 1-2(41-42), pp. 10-16. (In Russian).
Publisher: Ltd. "Humanitarian perspectives"
Founder: Ltd. "Humanitarian perspectives"
Online ISSN: 2412-6047
ISSN: 2078-5429