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Public-Private Partnership as an Effective Tool for Managing the Sustainable Development System in Russia

In: Finance, Economics, and Industry for Sustainable Development

Author

Listed:
  • Elena Vitsko

    (Saint-Petersburg University of Management Technologies and Economics)

  • Elena Sintsova

    (Saint-Petersburg University of Management Technologies and Economics)

  • Valentina Kordovich

    (Saint-Petersburg University of Management Technologies and Economics)

Abstract

The article analyzes the development of public-private partnership (PPP) in the modern Russian economy. The authors have studied in detail the leading practices of its application in various economic spheres. Based on an assessment of the internal situation in Russia and the global economy, a conclusion is made about the timeliness and effectiveness of the PPP use. The purpose of the study is to research and develop recommendations for expanding the scope of application of PPP and municipal-private partnership (MPP), as well as eliminating barrier restrictions in their use. The study presents the authors’ interpretation of the sustainable development concept in the context of the quint of approach and concludes that the role of PPP as an instrument of effective management at the present stage of Russian economy is increasing. To prove this, an integrated approach is used to assess the effectiveness of the PPP use, based on data from the Ministry of Economic Development of the Russian Federation, Rosstat, the National PPP Center of Russia, and the Rosinfra platform. The assessment and recommendations were carried out through a detailed analysis of non-financial reporting on the sustainable development of Russian companies. During the study, the authors register the lack of unified guidance papers for the formation and disclosure of non-financial information that meet the realities and needs of the non-financial and financial sectors of the economy, which slows down the expansion of the PPP and MPP use within the Russian economy and on its global scale.

Suggested Citation

  • Elena Vitsko & Elena Sintsova & Valentina Kordovich, 2024. "Public-Private Partnership as an Effective Tool for Managing the Sustainable Development System in Russia," Springer Proceedings in Business and Economics, in: Anna Rumyantseva & Hod Anyigba & Elena Sintsova & Natalia V. Vasilenko (ed.), Finance, Economics, and Industry for Sustainable Development, pages 619-628, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-56380-5_56
    DOI: 10.1007/978-3-031-56380-5_56
    as

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