Public-private partnership as a necessity for sustainable investment development of the region

Abstract

The sanctions policy of the US and EU countries has escalated the traditional problems of the Russian economy. The main problem of ensuring economic growth is low investment activity, which in recent decades has been solved through the inflow of foreign investment. However, the volume of foreign investment since 2014 has fallen sharply. This problem is relevant not only at the level of the national economy, but also at the level of the economies of Russian regions. The current economic situation is characterized by a deficit of foreign investment and tight monetary policy. The article substantiates the thesis that in such conditions, for the regional authorities, one of the main tools for supporting investment activity is the development of the institution of public-private partnership. The experience of Tambov region shows that its success in ensuring a high rate of investment in fixed assets (especially in comparison with the other regions of the Central Federal District) is associated with a high dynamics of public-private partnership development. In addition, the article outlines the main problems of development of public-private partnership at the regional level and determines the reserves for its further development.