Makarov I.N.Published in:
Journal of International Economic Affairs
– Volume 7, Number 1 (January-March 2017)



Keywords: finances, financial flows, public-private partnership, state regulation of economy, tax potential


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Abstract:

While considering public-private partnership in the context of interaction between the state and corporate finances for the purpose of financing the sponsored benefits we should note the similarity between partnership and tools of a state regulation of economy. At the same time, unlike the state regulation of economy, within the use of a mechanism of public-private partnership it is possible to use only a soft regulation of economic and social processes at the expense of a flow change of sponsored benefits available to society and at the expense of a development infrastructure support for the economy. Elimination of infrastructure restrictions leads to increase in economic growth potential within the territory of implementation of the investment infrastructure project of public-private partnership. Increase in economic growth potential, in its turn, shall lead to increase in the tax potential of the territory. Cash flows arising during the implementation of the investment project including the cash flows to the local population, which consist mainly of the salary, shall lead to increase in a level of "cash saturation" in the territory. Under favorable conditions, it can "turn on" the mechanism of self-supporting economic development of the territory.

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