Public-private partnership in foreign economic activity: main trends in development and recommendations for assessment

Oleh Kuzmin, Olha Pyroh, Marianna Tomych, Kateryna Doroshkevych


Abstract


Introduction. Public-private partnership (PPP) is considered as the interaction of the state and business structures - subjects of economic activity of Ukraine and foreign subjects of economic activity (also subjects of economic activity of Ukraine with foreign countries), which is one of the conditions for attracting the necessary investment resources, increasing innovative activity in the national economy, development of economic and social infrastructure, solving economic, social and environmental problems, etc.

Purpose. Taking into account the trends in the number of PPP projects in foreign economic activity in Ukraine and the world, their financing, areas of implementation, geographical localization, the article should provide a quantitative assessment of data characterizing the state and level of implementation of PPP projects in foreign economic activity, obtained after performing mathematical operations.

Method (methodology). The article uses theoretical generalization, analysis, synthesis, statistical methods of data processing, etc. This ensured the analysis of literary sources, the formation of a system of indicators intended for assessing the state of PPPs in foreign economic activity and its practical approval.

Results. The article recommends a system of indicators, which includes: the growth rate of the number of PPP projects in foreign economic activity, the average base (chain) growth rate of the number of PPP projects in foreign economic activity, the growth rate of the number of PPP projects in foreign economic activity, the average base (chain) rate increase in the number of PPP projects in foreign economic activity, the level of implementation of PPP projects in foreign economic activity, etc. For each of the recommended indicators, the method of calculation is indicated depending on the selected strategy of interaction of PPP subjects in foreign economic activity. With their use, an assessment of PPP in foreign economic activity was carried out based on the study of PPP projects implemented by Davydivska OTG. Based on the results of the assessment, conclusions were drawn regarding the trend in the implementation of PPP projects in the foreign economic activity of Davydivska OTG.


Keywords


interaction of the state and business structures; projects; implementations; evaluation methodology; indicators; characteristics

Full Text:

PDF

References


Ameyaw, E. E., & Chan, A. P. (2015). Evaluating key risk factors for PPP water projects in Ghana: a Delphi study. Journal of Facilities Management, 13 (2), 133-155. Retrieved from: https://doi.org/10.1108/JFM-10-2013-0051.

Ameyaw, E. E., & Chan, A. P. (2015). Evaluation and ranking of risk factors in public–private partnership water supply projects in developing countries using fuzzy synthetic evaluation approach. Expert Systems with Applications, 42(12), 5102-5116.

Du, L., & Gao, J. (2021). Risk and income evaluation decision model of PPP project based on fuzzy Borda method. Mathematical Problems in Engineering.

EPEC Market Update, (2020). Review of the European PPP Market in 2020. Retrieved from: https://www.eib.org/attachments/epec/epec_market_update_2020_en.pdf.

Leung, B. Y., & Hui, E. C. (2005). Evaluation approach on public‐private partnership (PPP) urban redevelopments. International Journal of Strategic Property Management, 9(1), 1-16.

Liu, H., Love, P., Smith, J., Sing, M., & Matthews, J. (2018). Evaluation of public–private partnerships: a life-cycle performance prism for ensuring value for money. Environment and Planning C: Politics and Space, 36(6), 1133-1153.

Ng, S. T., Xie, J., Skitmore, M., & Cheung, Y. K. (2007). A fuzzy simulation model for evaluating the concession items of public–private partnership schemes. Automation in construction, 17(1), 22-29.

Public-Private Partnerships for Transportation and Water Infrastructure, 2020. Retrieved from: https://www.cbo.gov/publication/56044.

Rezouki, S. E., & Hassan, J. K. A. (2019). An evaluation of barriers obstructing the applicability of Public Private Partnership (PPP) in infrastructure development. Civil Engineering Journal, 5(12), 2643-2664.

Rohman, M. A., & Wiguna, I. P. A. (2021). Evaluation of road design performance in delivering community project social benefits in Indonesian PPP. International Journal of Construction Management, 21(11), 1130-1142.

Sun, H., Liang, Y., & Wang, Y. (2019). Grey clustering evaluation for the cooperation efficiency of PPP project: Taking Beijing Metro Line 4 as an example. Mathematical Problems in Engineering.

The European Commission, (2009). Mobilising private and public investment for recovery and long term structural change: developing Public Private Partnerships. Brussels.

The European Court of Auditors, (2018). Special Report: Public-Private Partnerships in the EU: Widespread shortcomings and limited benefits. Retrieved from: https://www.eca.europa.eu/Lists/ECADocuments/SR18_09/SR_PPP_EN.pdf.

The State Organization Agency on Support Public-Private Partnership. Retrieved from: https://pppagency.me.gov.ua/uk/ (in Ukranian).

The World Bank. (2014). Public-Private Partnerships. Reference Guide. Version 2.0. Washington D.C.

The World Bank. (2022). Public-Private Partnerships. Retrieved from: https://ppp.worldbank.org/public-private-partnership/sites/ppp.worldbank.or.

Tian, C., Peng, J. J., Zhang, S., Wang, J. Q., & Goh, M. (2021). A sustainability evaluation framework for WET-PPP projects based on a picture fuzzy similarity-based VIKOR method. Journal of Cleaner Production, 289, 125130.

Tomych, M., and Pyroh, O. (2018). Public Private Partnership in External Economic Activity: Theoretical Aspects. Economics, Entrepreneurship, Management, 5 (2) 7-10.

Tomych, M., Shpak, N., Pyroh, O., Voronovska, M. and Kovtok, H. (2022). Applied Intelligent Systems of Support for Public-Private Partnership in Foreign Economic Activity. Proceedings of the 6th International Conference on Computational Linguistics and Intelligent Systems (COLINS 2022), I, 1499-1508.

Yehoue, E., Hammami, M., and Ruhashyankiko, J.-F. (2006). Determinants of Public-Private Partnerships in Infrastructure. IMF Working paper, WP/06/99.


Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM

Refbacks

  • There are currently no refbacks.




Copyright (c) 2023

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

 

Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 


Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa


© West Ukrainian National University

© «Ekonomichnyy analiz», 2007-2023