How to Cite
Abstract
The main aim of this study is to substantiate the assumption that public-private partnership should be considered as an encouragement tool of innovative development.
We use theoretical and empirical methods of research and a review of PPP impact on innovative development of state (region). It is shown that economic infrastructure (e.g., transport) is usually a priority for PPPs than social infrastructure is. We examine the mechanism of public-private partnership to improve the efficiency of budget expenditures. It is proved that at each stage of PPP development the emphasis has consistently shifted to those areas which were a "breakthrough" to solve economic and social problems of the state and to improve competitiveness and ensure economic security of the state at the time.
Keywords
Innovative development
Project funding
Budget risk
Economic infrastructure
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