ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 50 No. 3 (2020)
MONITORING OF ECONOMIC TRANSFORMATION

The Global Experience of PPP: Spots on the Sun

PDF (Русский)
  • A. Alekseev,
  • P. Teslya
A. Alekseev
Institute of Economics and Industrial Engineering, SB RAS; Novosibirsk State University
Bio
P. Teslya
Institute of Economics and Industrial Engineering, SB RAS; Novosibirsk State Technical University; Novosibirsk State University
Bio
DOI: https://doi.org/10.30680/ECO0131-7652-2020-3-136-159

Published 2020-02-28

Keywords

  • public-private partnership,
  • public good,
  • redistribution of risk,
  • infrastructure projects,
  • price-quality ratio,
  • VfM,
  • PSC,
  • incomplete information,
  • real investments,
  • private benefits,
  • public finances
    • ...More
    Less

How to Cite

1.
Alekseev А, Teslya П. The Global Experience of PPP: Spots on the Sun. ECO [Internet]. 2020 Feb. 28 [cited 2024 Nov. 3];50(3):136-59. Available from: https://ecotrends.ru/index.php/eco/article/view/3990

Abstract

 International experience of public-private partnership is considered as an object for comparison with the Russian practice. The strengths and weaknesses of PPP are shown, its potential capabilities are studied, and the extent to which the latter are used in the actual Russian practice of partnerships is considered. The dynamics of investment commitments and the number of initiated projects in two macro-regions with a high level of economic development and in countries with emerging markets revealed a widespread significant slowdown in the investment process in the last decade. All countries of the world, not excluding Russia, demonstrate a significant defect in the statistics of PPP projects, which clearly shows investment obligations but fails to represent the real investment process. Thanks to the adopted of law on freedom of information, the data accumulated by public authorities is available to the public. In particular, it was found out that implementing public-private partnership projects often enriched private partners at the expense of public finances. Artificially created information deficit allows hiding extraction of private benefits at taxpayers’ expense.
PDF (Русский)

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