IDEAS home Printed from https://ideas.repec.org/a/mje/mjejnl/v16y2020i467-84.html
   My bibliography  Save this article

Methods of Economic Evaluation of Concession Project Effectiveness

Author

Listed:
  • Khrystyna Danylkiv
  • Khrystyna Gorbova
  • Nataliia Hembarska
  • Viktor Trynchuk
  • Yurii Paida
  • Volodymyr Havran

Abstract

This article deals with public-private partnerships as a mechanism for financing of infrastructure projects. The purpose of the study is to offer a toolkit to substantiate the economic efficiency of the concession project for the construction of motor road using the model of its life cycle. The hypothesis is that the best method of modeling of the life cycle of a project is to use the indicator "economic acceleration", the essence of which is that it determines the intensity of changes in cash or value flow, which are the basic elements for calculating the economic efficiency of an investment project.

Suggested Citation

  • Khrystyna Danylkiv & Khrystyna Gorbova & Nataliia Hembarska & Viktor Trynchuk & Yurii Paida & Volodymyr Havran, 2020. "Methods of Economic Evaluation of Concession Project Effectiveness," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(4), pages 67-84.
    • Handle: RePEc:mje:mjejnl:v:16:y:2020:i:4:67-84
    as

    Download full text from publisher

    File URL: http://repec.mnje.com/mje/2020/v16-n04/mje_2020_v16-n04-a16.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Delmon,Jeffrey, 2011. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9780521763967, August.
    2. Guzel Kh. Pyrkova* & Gulnara N. Kaigorodova & Alfiya A. Mustafina & Darya P. Alyakina, 2018. "Financial Risks: Methodological Approaches and Management Methods," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 122-127:5.
    3. Mimo Draskovic & Slobodan Lakic & Veselin Draskovic, 2016. "Contemporary Substitutes of the Political Economy," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 37-45.
    4. Valila, Timo, 2005. "How expensive are cost savings? On the economics of public-private partnerships," EIB Papers 4/2005, European Investment Bank, Economics Department.
    5. Guofeng Ma & Qingjuan Du & Kedi Wang, 2018. "A Concession Period and Price Determination Model for PPP Projects: Based on Real Options and Risk Allocation," Sustainability, MDPI, vol. 10(3), pages 1-21, March.
    6. Alfiya A. Mustafina* & Gulnara N. Kaigorodova & Guzel Kh. Pyrkova & Darya P. Alyakina & Galiya R. Bagautdinova, 2018. "Development of the Program of Effective Use of Objects of Sports Infrastructure of the City," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 94-98:5.
    7. Delmon,Jeffrey, 2011. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9780521152280, August.
    8. Wagenvoort, Rien & de Nicola, Carlo & Kappeler, Andreas, 2010. "Infrastructure finance in Europe: Composition, evolution and crisis impact," EIB Papers 1/2010, European Investment Bank, Economics Department.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vladyslav Sotnyk & Artem Kupchyn & Viktor Trynchuk & Vladimer Glonti & Larisa Belinskaja, 2022. "Fuzzy Logic Decision-Making Model for Technology Foresight," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 139-159.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eisenkopf Alexander, 2017. "PPP – kein relevanter Beitrag zur Lösung der Infrastrukturprobleme in Deutschland," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 66(3), pages 246-256, December.
    2. Cherevykov, Ievgen, 2013. "Institutional environment for public-private partnership in Ukraine:Do institutions really matter?," MPRA Paper 62110, University Library of Munich, Germany.
    3. V. A. Tsukerman & A. A. Kozlov, 2017. "About the mechanism of development of industrial service in the Arctic zone of the Russian Federation," Russian Journal of Industrial Economics, MISIS, issue 4.
    4. World Bank Group, 2016. "Benchmarking Public-Private Partnerships Procurement 2017," World Bank Publications - Reports 25089, The World Bank Group.
    5. Irina Statsenko, 2018. "Economic Preconditions for the Development of Public-Private Partnership in the Vologda Region," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 927-940.
    6. Kempe Ronald Hope, Sr, 2010. "Infrastructure Constraints and Development in Kenya," Journal of Infrastructure Development, India Development Foundation, vol. 2(2), pages 91-104, December.
    7. Graeme Hodge & Carsten Greve, 2013. "Public–private partnership in developing and governing mega-projects," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 9, pages 182-208, Edward Elgar Publishing.
    8. Changjie Zhan & Martin de Jong & Hans de Bruijn, 2017. "Path Dependence in Financing Urban Infrastructure Development in China: 1949–2016," Journal of Urban Technology, Taylor & Francis Journals, vol. 24(4), pages 73-93, October.
    9. Andreas Kappeler, 2015. "Estonia: Raising Productivity and Benefitting more from Openness," OECD Economics Department Working Papers 1215, OECD Publishing.
    10. Galilea, Patricia & Medda, Francesca, 2010. "Does the political and economic context influence the success of a transport project? An analysis of transport public-private partnerships," Research in Transportation Economics, Elsevier, vol. 30(1), pages 102-109.
    11. Ward Romp & Jakob De Haan, 2007. "Public Capital and Economic Growth: A Critical Survey," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(S1), pages 6-52, April.
    12. Lorena Viñuela, 2014. "Trends and Quality of Decentralized Public Investment," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1407, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    13. Moszoro Marian W., 2018. "Public–Private Monopoly," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 18(2), pages 1-15, April.
    14. Byoun, Soku & Xu, Zhaoxia, 2014. "Contracts, governance, and country risk in project finance: Theory and evidence," Journal of Corporate Finance, Elsevier, vol. 26(C), pages 124-144.
    15. Guangbin Wang & Yingxia Xue & Mirosław Jan Skibniewski & Jiule Song & Hao Lu, 2018. "Analysis of Private Investors Conduct Strategies by Governments Supervising Public-Private Partnership Projects in the New Media Era," Sustainability, MDPI, vol. 10(12), pages 1-26, December.
    16. Pekka Leviakangas & Pekka Kess & Jaakko Kujala, 2013. "Investment Analysis in Public-Private-Partnership Projects: Any Common Ground for Public and Private Investors?," Diversity, Technology, and Innovation for Operational Competitiveness: Proceedings of the 2013 International Conference on Technology Innovation and Industrial Management,, ToKnowPress.
    17. Buso, Marco & Marty, Frederic & Tran, Phuong Tra, 2017. "Public-private partnerships from budget constraints: Looking for debt hiding?," International Journal of Industrial Organization, Elsevier, vol. 51(C), pages 56-84.
    18. Välilä, Timo, 2020. "Infrastructure and growth: A survey of macro-econometric research," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 39-49.
    19. André De Palma & Luc E. Leruth & Guillaume Prunier, 2012. "Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(2), pages 57-73.
    20. Inderst, Georg, 2020. "Social Infrastructure Finance and Institutional Investors. A Global Perspective," MPRA Paper 99239, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:16:y:2020:i:4:67-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nikola Draskovic Jelcic (email available below). General contact details of provider: http://www.mnje.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.