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Modeling Public—Private Partnerships in Innovative Economy: A Regional Aspect

Author

Listed:
  • Tatiana Anopchenko

    (Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia)

  • Olga Gorbaneva

    (Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia)

  • Elena Lazareva

    (Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia)

  • Anton Murzin

    (Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia)

  • Gennady Ougolnitsky

    (Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia)

Abstract

International experience demonstrates both the effectiveness and difficulties of using the mechanism of a public–private partnership (PPP) in solving socially significant problems of investment development of an innovative economy. The lack of tools to make an informed choice of the best PPP model in terms of the risks diversification is one of the significant problems of the predictive and analytical support of the relationship between business and government structures. The purpose of the study is to create and empirically test a multi-criteria modeling toolkit for the choice of the public–private partnership mechanism in relation to managing territorial sustainable development projects. Such problems as a structural representation of PPP risk factors and development of principles for their diversification, development of the algorithm and criteria for multi-criteria evaluation, testing of a multi-criteria model needed to be solved to achieve the research goal. The innovativeness of the author’s approach consists in substantiating the algorithm of the multi-criteria modeling for the choice of the public–private partnership mechanism in relation to managing sustainable development projects of the territory. Criteria for alternative PPP models evaluating have been developed. Based on the results of testing, the advantages and disadvantages of applying the algorithm of the multi-criteria modeling in sustainable development management are identified, the directions for the model using in regional management are disclosed.

Suggested Citation

  • Tatiana Anopchenko & Olga Gorbaneva & Elena Lazareva & Anton Murzin & Gennady Ougolnitsky, 2019. "Modeling Public—Private Partnerships in Innovative Economy: A Regional Aspect," Sustainability, MDPI, vol. 11(20), pages 1-18, October.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:20:p:5588-:d:275154
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    References listed on IDEAS

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    3. John Hartwick, 1977. "Intergenerational Equity and the Investment of Rents from Exhaustible Resources in a Two Sector Model," Working Paper 281, Economics Department, Queen's University.
    4. Andrey Berezin & Bruno S. Sergi & Natalia Gorodnova, 2018. "Efficiency Assessment of Public-Private Partnership (PPP) Projects: The Case of Russia," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    5. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
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    Cited by:

    1. Bingyao Chen, 2021. "Public–Private Partnership Infrastructure Investment and Sustainable Economic Development: An Empirical Study Based on Efficiency Evaluation and Spatial Spillover in China," Sustainability, MDPI, vol. 13(15), pages 1-20, July.
    2. Dalilis Escobar Rivera & Maria Rosa Terradellas Piferrer & Maria Helena Benito Mundet, 2021. "Measuring Territorial Social Responsibility and Sustainability Using the EFQM Excellence Model," Sustainability, MDPI, vol. 13(4), pages 1-23, February.

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