Effective Public-Private Partnership Models and their Application in Public Policy Implementation
Purpose: The aim of the scientific article is to generalize the practice of using public-private partnership models and analyze the level of effectiveness of their application in the implementation of public policy. Design/Methodology/Approach: Comparison, systematic and structural research, statistical and analytical, tabular, graphical, analytical modeling, as well as methods of abstraction and analysis are the research methods which were used in this article. Findings: The study has found that to increase the effectiveness of public-private partnership models, the partnership should be built on the principles of agreement and coherence of interests of the parties. Existing infrastructure, combining different alternative sources of funding and possible long-term cooperation should be considered. Practical Implications: This research raises awareness of the most effective models of cooperation between the state and the private sector are concession agreements, management contracts, leasing agreements and “greenfield projects”. The effectiveness of these models of public-private partnership is associated with the diversification of risks between partners, including financial ones. It is about the ability to attract investment resources from various sources and the delegation of management and regulatory functions of the state to the private sector. Originality/Value: The study highlights that the relative importance of the models of public-private partnership is context specific.