Development of Institution of Public-Private Partnership: German and Russian Practices

  • Olga Lorenz Volgograd State University of Architecture and Civil Engineering, Doctor of Economics.
  • Olga Perekrestova Volgograd State University of Architecture and Civil Engineering, Graduate Student.
Keywords: Public-Private Partnership, Russia, Germany, Region, Investment.

Abstract

A institution of publicprivate partnership is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. Institution of publicprivate partnership has started to found in Germany since 1998 according to the institutional providing legislative basis for organization of steady interaction between private and state sectors. Publicprivate partnership formation in Germany took place at two stages.

Derivative development of institution of publicprivate partnership aims at achieving greater social and economic efficiency than at its importing to another economic and institutional sphere. Borrowing of Institution of publicprivate partnership from foreign countries has been proceeding in Russia since 2005.

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Author Biographies

Olga Lorenz, Volgograd State University of Architecture and Civil Engineering, Doctor of Economics.
Visit-Professor, research associate in a German Bundestag, Department of Economic Theory and Economic Policy
Olga Perekrestova, Volgograd State University of Architecture and Civil Engineering, Graduate Student.
Department of Economic Theory and Economic Policy

References

Abdrakhmanov, A.I. (2012). Institutional environment and peculiarities of the public-private partnership in the West: example for Russian experience // Bulletin of RUDN. Series Politology. 4, 95–104.

Mochalnikov, V. N. (2012). Private-public partnership as the tool of development of transportation infrastructure in Russia // Institutions and mechanisms of the state regulation of economics: collection. M.: IE RAN.

Partnerschaften Deutschland http://www.partnerschaftendeutschland.de/fileadmin/Daten/Organisatorisches/OePP_Deutschland_AG-Imagebroschuere-Web-DS_Mai2010.pdf

Published
2015-07-10
How to Cite
Lorenz, O., & Perekrestova, O. (2015). Development of Institution of Public-Private Partnership: German and Russian Practices. Journal of Research in Business, Economics and Management, 3(3), 185-187. Retrieved from http://scitecresearch.com/journals/index.php/jrbem/article/view/266
Issue
Vol 3 No 3: JRBEM
Section
Articles

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