Mnatsakanyan A.G., Maliy V.A. PUBLIC-PRIVATE PARTNERSHIP AS A FORM OF DEVELOPMENT OF THE AGRO-INDUSTRIAL COMPLEX OF THE RUSSIAN FEDERATION

DOI: https://doi.org/10.15688/jvolsu3.2017.4.7

Albert G. Mnatsakanyan

Doctor of Sciences (Economics), Professor, Director of the Institute of Sectoral Economics and Corporate Finance, Head of the Department of Sectoral and Corporate Finance, Kaliningrad State Technical University, Malyy Pereulok, 32, 236039 Kaliningrad, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. .

Viktor A. Maliy

Postgraduate Student, Department of Sectoral and Corporate Finance, Kaliningrad State Technical University, Malyy Pereulok, 32, 236039 Kaliningrad, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. .

Abstract. The article examines the current state of public-private partnership in the agro-industrial complex of the Russian Federation, provides a refined definition of public-private partnership. The authors give a full determination of the public-private partnership in Russia. The structure of existing agro-industrial clusters on the territory of the Russian Federation is studied. The article contains characteristics of the agro-industrial complex, which affect the low involvement of private investment. The state of the agro-industrial complex is analyzed, the main problems of applying public-private partnerships in the agro-industrial complex are revealed, and recommendations for improving the mechanism for applying public-private partnerships are given. The study highlights the main advantages of using the mechanism of public-private partnership, analyzes trends and prospects for using this mechanism. The scientific works of domestic and foreign scientists in the field of public-private partnership and agro-industrial complex became the methodological basis of scientific research. System analysis, a set of methods of economic and statistical analysis, methods of synthesis and analysis of economic information, a comparative method were used as the methods of research. The article concludes that it is necessary to use the mechanisms of public-private partnership in the agro-industrial complex of the Russian Federation regarding the need for significant investments in the industry to maintain competitiveness. It is necessary to use such forms of public-private partnership that will use financial and administrative resources of state authorities even at the initial stage of the project, and later private business will repay the share of the invested state funds, up to the privatization of the property complex. This form of cooperation will help reduce the risks of private investors and attract new investments in the agro-industrial complex of the Russian Federation. Besides, the conducted research allows to draw a conclusion that this form of public-private partnership can be realized with the help of agro-industrial clusters.

Key words: public-private partnership, agro-industrial complex of the Russian Federation, agro-industrial clusters, state support, centers for cluster development.

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