Public-Private Partnership as a Tool of Stimulation of Innovative and Investment Activity

DOI

10.2991/aebmr.k.200312.036How to use a DOI?

Abstract

The level of social and economic services for population in the most economically developed countries exceeds the existing level in Russia several times, and the level of innovative activity is higher, and the state of private business is more stable. The article discusses the role of a public-private partnership as an effective mechanism of financing and incentives of the country’ innovative activity. Special attention is paid to the analysis of the factors, which influence the development of innovative activity investment system. The result of the research is the offered prospective forms of public-private partnership for infrastructural projects, contributing to increasing of investment cash-flows in innovative projects realization, including those of the building sector as a whole and housing and utilities in particular. In addition, the work proposed the algorithm of project efficiency estimation, based on public-private partnership as a tool of stimulation of the country’s innovative component. Also, the authors described the decision-making stages about infrastructure project realization in the public-private partnership form, allowing to study the investment process more in closer detail, and to determine the level and opportunity of financial risk minimization on each stage of planning. The novelty of the submitted toolkit is the reflection of the relation sequence between the state and the business to develop innovative economy. Thus, the relevance has been substantiated and the main findings, which prove the efficiency of using of public-private partnership mechanisms in practice have been shaped.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - O G Timchuk
AU  - L G Nikityuk
AU  - E Yu Gorbachevskaya
PY  - 2020
DA  - 2020/03/17
TI  - Public-Private Partnership as a Tool of Stimulation of Innovative and Investment Activity
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 250
EP  - 255
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.036
DO  - 10.2991/aebmr.k.200312.036
ID  - Timchuk2020
ER  -