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Effectiveness of Public-Private Partnership Projects During the COVID-19 Pandemic

Authors :
E. A. Fedorova
A. A. Gubanov
Source :
Финансы: теория и практика, Vol 28, Iss 3, Pp 6-18 (2024)
Publication Year :
2024
Publisher :
Government of the Russian Federation, Financial University, 2024.

Abstract

The purpose of the study is to assess the effectiveness of public-private partnership (PPP) projects during the COVID-19 pandemic, taking into account the specificities of the industry. The empirical research base included the main characteristics (contract price, federal district of the project, customer, general contractor, project start period, project start year, project deadlines, price reduction during project implementation, application security, contract security and type of activity) of 144 regional investment projects. The research methodology included mathematical modeling using the DEA (Data Envelopment Analysis) data convolution method, on the basis of which an efficiency index was assigned to each PPP project from 0 to 1. The study concluded that prior to the COVID-19 pandemic, regional investment projects received more funding; after the start of the COVID-19 pandemic, the implementation time of regional investment projects has increased, the contract value more often changes downwards during the project implementation; and the average support for a project application has increased. The efficiency of implementation of regional investment projects, calculated using the DEA method, was reduced. The results obtained will be useful to private investors and government authorities when implementing joint projects to improve their efficiency.

Details

Language :
Russian
ISSN :
25875671 and 25877089
Volume :
28
Issue :
3
Database :
Directory of Open Access Journals
Journal :
Финансы: теория и практика
Publication Type :
Academic Journal
Accession number :
edsdoj.263b2f1d9334be4986e2f3b56cf03e7
Document Type :
article
Full Text :
https://doi.org/10.26794/2587-5671-2024-28-3-6-18