Keywords
infrastructure
indicator
economic security
investment
project
Abstract
Economic security is a prerequisite for the stable development of any country; it is partially reflected in GDP per capita, employment, and unemployment rates. The purpose of this study is to determine the impact of investments for the development of infrastructure facilities on the basis of public-private partnership (PPP) on the economic security of a country. The analysis uses official data from the European Investment Bank and the Statistical Office of the European Union. The article concludes that there is a high correlation between accumulated investment in infrastructure and GDP per capita, employment, and unemployment. On this basis, it is reasonable to consider infrastructure development policy as important not only for national but also for economic security. Developing infrastructure facilities by attracting private investment can reduce pressure on national budgets and accelerate the implementation of capital-intensive projects.
References
Böhme, R., Nowey, T. (2008). Economic security metrics. Dependability metrics: Advanced lectures.
Bousquet, F., Fayard, A. (2001). Road infrastructure concession practice in Europe (Vol. 2675). World Bank Publications.
Cruz, C.O., Sarmento, J.M. (2022). Public Private Partnerships Renegotiations in Transportation: Case Studies from Portugal. Competitive Government: Public Private Partnerships. Springer eBook Collection. DOI: 10.1007/978-3-030-98511-0.
Inderst, G. (2020). Public-Private Partnerships (PPP/P3): Lessons Learned from the United Kingdom and Europe. Institutional Investing In Infrastructure Special Report. Access on the internet: https://ssrn.com/abstract=3878748.
Iossa, E., Saussier, S. (2018). Public private partnerships in Europe for building and managing public infrastructures: an economic perspective. „Annals of public and cooperative economics”, 89(1).
Festa, G., Cuomo, M.T., Tortora, D., Metallo, G. (2016). Public-private partnerships from a business management perspective-risks and opportunities for SMEs in Europe. „International Journal of Globalisation and Small Business”, 8(3).
Fleta-Asín, J., Muñoz, F. (2023). When bigger is better: Investment volume drivers in infrastructure public-private partnership projects, “Socio-Economic Planning Sciences”, Vol. 86. Market Update. Review of the European PPP Market in 2023. (2023). The European PPP Expertise Centre (EPEC).
Kahler M. (2004). Economic security in an era of globalization: definition and provision. „The Pacific Review”,17(4). DOI: 10.1080/0951274042000326032.
Revoltella, D., Brutscher, P. (2017). Infrastructure Investment in Europe: New Data, Market Dynamics, Policy Actions, and the Role of the European Investment Bank. European Investment Bank, Luxembourg.
Public-private partnerships financed by the European Investment Bank from 1990 to 2022. (2023) European Investment Bank.
Verweij, St. (2015). Producing Satisfactory Outcomes in the Implementation Phase of PPP Infrastructure Projects: A Fuzzy Set Qualitative Comparative Analysis of 27 Road Constructions in the Netherlands. “International Journal of Project Management”, Vol. 33(8).
Ward, M.H.P. (1998). Economic security, private investment, and growth in developing countries. International Monetary Fund.
Бондар, Н.М. (2014). Розвиток транспортної інфраструктури України на засадах державно-приватного партнерства. Development of Ukraine's transport infrastructure on the basis of public-private partnership. Київ: НТУ.
Гбур, З.В. (2018). Державне управління економічною безпекою України: теорія та практика. Public Administration of Economic Security of Ukraine: Theory and Practice. Кам’янець-Подільський: ТОВ «Друкарня "Рута"».
Єпіфанов, А.О., Пластун, О.Л., Домбровський, В.С., Болгар, Т.М., Ващенко, О.М. (2009). Фінансова безпека підприємств і банківських установ. Financial security of enterprises and banking institutions. Суми: УАБС НБУ.
Ситник, Г.В., Блакита, Г.В., Гуляєва Н.М. (2020). Економічна безпека підприємництва в Україні. Economic security of business in Ukraine. Київ : Київ. нац. торг.-екон. ун-т.
Соломіна, Г.В. (2018). Забезпечення фінансово – економічної безпеки підприємництва. Ensuring financial and economic security of entrepreneurship. Дніпро: Дніпро-петровський державний університет внутрішніх справ.
Харазішвілі, Ю.M., Дронь, E.В. (2014). Прогнозування показників, граничних значень та рівня економічної безпеки України в середньостроковій перспективі: аналітичний звіт. Forecasting the indicators, thresholds and level of economic security of Ukraine in the medium term: analytical report. Kиїв: Нац. ін-т стратег. досліджень