FINANCIAL INSTRUMENTS OF PUBLIC-PRIVATE PARTNERSHIP IN THE CONTEXT OF RUSSIA'S WAR AGAINST UKRAINE AND RECONSTRUCTION

Authors

DOI:

https://doi.org/10.29038/2786-4618-2025-01-81-88

Keywords:

forms and types of public-private partnership, public-private enterprise finance, theory and practice of using public-private enterprise instruments, research methodology.

Abstract

Introduction. The article substantiates the necessity of using the possibilities of such a new component of public finance as public-private partnership finance for the reconstruction of the Ukrainian economy. 

Purpose. The purpose of the study is to determine the peculiarities of using the forms and types of public-private partnerships and their instruments in the implementation of partnership projects at all levels of government and by all its actors.

Methods. The methodological basis of the study is the theoretical provisions of financial science, scientific works of well-known economists in the field of public-private partnership. To solve the research tasks, the paper uses the dialectical method of scientific knowledge to determine the content of public-private partnership finance and identify its instruments, conceptual and logical analysis and a systematic approach to the structure of this partnership, as well as the factor method, which allowed to identify and substantiate the determinants of public-private partnership development in Ukraine.

Results. The research resulted in the identification of dialectical relations between different subjects of public-private partnership finance, the study of the unity of theory and practice in the implementation of the principles of public-private partnership and its instruments. It is substantiated that the fundamental characteristic of the methodology for cognizing the essence of public-private partnership finance and its instruments is the determinism of phenomena.

Conclusions. The theoretical foundations for the use of financial instruments of public-private partnerships have been identified, which allows us to more clearly establish the methodological basis for their application in the context of the reconstruction of the Ukrainian economy, taking into account the experience of democratic countries.  It is proved that public-private partnership finance can become a significant source of sustainable development investment in Ukraine in the context of war and reconstruction.

References

1. Tarabanovsʹkyy P., Hrytsenko L., Samoylikova A., Bula P. Derzhavno-pryvatne partnerstvo: evolyutsiya rozvytku ta populyarnistʹ vysvitlennya v naukovykh publikatsiyakh [Public-private partnership: evolution of development and popularity of coverage in scientific publications]. Sotsio-ekonomichni vidnosyny v tsyfrovomu suspilʹstvi: zb. nauk. pratsʹ - Socio-economic relations in the digital society: collection of scientific works. 2024. Vol.1. P. 5–20. [In Ukrainian]

2. Bila I. S., Illichova E. I. Svitovyy dosvid derzhavno-pryvatnoho partnerstva [World experience of public-private partnership]. Ekonomika ta upravlinnya natsionalʹnym hospodarstvom - Economics and management of the national economy. 2018. Issue 21. Pp. 128–134 [In Ukrainian]

3. Shulyuk B. Dyskusiyni pytannya sutnosti finansovoho instrumentariyu derzhavno-pryvatnoho partnerstva ta problemy yoho vykorystannya [Discussion issues of the essence of the financial instruments of public-private partnership and problems of its use]. Svit finansiv - World of Finance. 2022. No. 1. Pp. 36-48. [In Ukrainian]

4. Levchuk N. Ukrayina na shlyakhu do EU: yak ESG zminyuye pravyla hry [Ukraine on the path to the EU: how ESG changes the rules of the game. Available at: https://www.epravda.com.ua/columns/2024/10/25/72100/[In Ukrainian]

5. Cherkashyn V. Opodatkuvannya blahodiynosti: yak vyrishyty problemu [Taxation of charity: how to solve the problem]. Available at: https://www.epravda.com.ua/columns/2024/07/25/717141/ [In Ukrainian]

6. Shostak R. Yak pryvchyty ukrayintsiv do blahodiynosti [How to accustom Ukrainians to charity]. Available at: https://www.epravda.com.ua/columns/2024/07/29/717305/ [In Ukrainian]

7. Rozvytok blahodiynytstva v suchasniy Ukrayini. Analitychna zapyska [The Development of Philanthropy in Modern Ukraine. Analytical Note. Available at: http://old2.niss.gov.ua/articles/1367

8. Klinkova O. I. Sotsialʹna vidpovidalʹnistʹ v Ukrayini cherez pryzmu orhanizatsiyi blahodiynoyi diyalʹnosti [Social responsibility in Ukraine through the prism of organizing charitable activities]. Development of socioeconomic system in global network environment - Development of socioeconomic system in global network environment. 2021. P. 56-61. [In Ukrainian]

9. Zapatrina I. Zovsim pohano – zi stavlennyam suspilʹstva do derzhavno-pryvatnoho partnerstva [Absolutely bad – with the attitude of society towards public-private partnership]. Available at: https://zn.ua/ukr/finances/peremoga-chi-zrada-noviy-zakon-pro-concesiy-327384_html [In Ukrainian]

10. U Zhytomyri ta Vinnytsi menshe vymykayutʹ svitlo, nizh u reshty mist [In Zhytomyr and Vinnytsia, the lights are turned off less often than in other cities]. Available at: https://www.epravda.com.ua/publications/2024/07/18/716799/[In Ukrainian]

11. Strakhuvannya voyennykh ryzykiv. Yak vlada planuye vmovyty investoriv vkladaty v Ukrayinu zaraz [War risk insurance. How the government plans to persuade investors to invest in Ukraine now]. Available at: https://www.epravda.com.ua/publications/2023/07/4/701830/[In Ukrainian]

12. Sulikovsʹka S. Yak derzhava strakhuye voyenni i politychni ryzyky dlya investoriv ta biznesu [How the state insures military and political risks for investors and business]. Available at: https://www.epravda.com.ua/columns/2024/10/1/720003/ [In Ukrainian]

13. NBU zavershuye rozrobku vidpovidnoho zakonoproyektu pro systemu strakhuvannya voyennykh ryzykiv [NBU is completing the development of a relevant draft law on the war risk insurance system]. Available at: https://www.epravda.com.ua/news/2024/04/30/713082/ [In Ukrainian]

14. Rozhkova K. Na shlyakhu do YES: yak zminylosya rehulyuvannya strakhovoho rynku i shcho bude dali [On the way to the EU: how the regulation of the insurance market has changed and what will happen next]. Available at: https://www.epravda.com.ua/columns/2024/10/17/720673/

15. Karlin M., Myronyuk S. Finansy publichno-pryvatnoho partnerstva yak vazhlyvyy napryam pobudovy «zelenoyi» ekonomiky v Ukrayini [Public-private partnership finance as an important direction of building a “green” economy in Ukraine]. Ekonomichnyy chasopys Volynsʹkoho natsionalʹnoho universytetu imeni Lesi Ukrayinky - Economic Journal of the Lesya Ukrainka Volyn National University. 2024. No 1. P. 48–54. https://doi.org/10.29038/2786-4618-2024-01-48-54. [In Ukrainian]

16. Zatonatsʹkyy D., Lyeonov S. Prohresyvni praktyky realizatsiyi proyektiv derzhavno-pryvatnoho partnerstva v tsaryni krytychnoyi infrastruktury [Progressive practices of implementing public-private partnership projects in the field of critical infrastructure]. Sotsio-ekonomichni vidnosyny v tsyfrovomu suspilʹstvi: zb. nauk. pratsʹ - Socio-economic relations in the digital society: collection of scientific works. 2024. Issue 1. pp. 59–72.

17. Uryad zminyv umovy orendy derzhavnoho mayna na chas voyennoho stanu: khto mozhe ne platyty [The government has changed the terms of leasing state property during martial law: who can avoid paying] Available at: https://www.epravda.com.ua/news/2024/05/7/7130379/ [In Ukrainian]

18. Stashchuk O. V., Protsʹ N. V. Problemy i perspektyvy zdiysnennya byudzhetnoho kontrolyu publichnykh zakupivelʹ v Ukrayini [Problems and prospects of implementing budgetary control of public procurement in Ukraine]. Ekonomichnyy chasopys Volynsʹkoho natsionalʹnoho universytetu imeni Lesi Ukrayinky - Economic Journal of the Lesya Ukrainka Volyn National University, 2021. Issue 2 (26). Pp. 79 – 86 [In Ukrainian]

19. Stashchuk O. V., Borysyuk O. V., Protsʹ N. V. Publichni zakupivli ta yikh rolʹ v udoskonalenni publichnykh finansiv Ukrayiny [Public procurement and its role in improving public finances of Ukraine]. Ekonomichnyy chasopys Volynsʹkoho natsionalʹnoho universytetu imeni Lesi Ukrayinky - Economic Journal of the Lesya Ukrainka Volyn National University. 2022. Issue 3 (31). pp. 37–43. [In Ukrainian].

Published

2025-04-25

How to Cite

[1]
2025. FINANCIAL INSTRUMENTS OF PUBLIC-PRIVATE PARTNERSHIP IN THE CONTEXT OF RUSSIA’S WAR AGAINST UKRAINE AND RECONSTRUCTION. Economic journal of Lesya Ukrainka Volyn National University. 1, 41 (Apr. 2025), 81–88. DOI:https://doi.org/10.29038/2786-4618-2025-01-81-88.