IMPACT OF INVESTMENTS IN PUBLIC-PRIVATE PARTNERSHIP PROJECTS ON THE LEVEL OF ECONOMIC WELFARE OF THE RUSSIAN FEDERATION’S FEDERAL DISTRICTS
Abstract and keywords
Abstract (English):
The article substantiates the impact of investment in infrastructure in general and public-private partnership (PPP) projects in particular on the level of economic welfare of the Russian Federation’s federal districts. Quantitative research, including correlation analysis and regression models, determines the direction and degree of influence of investments in PPP projects on the GRP per capita on the scale of each federal district. Correlation analysis revealed a close positive relationship between the target feature and the variable of interest for most federal districts of the Russian Federation. Regression models based on the calculation of GRP using the expenditure method and thus ensuring the relevance and interpretability of calculations show a significant positive impact of investments in PPP projects on the level of economic welfare in the Federal districts of the Russian Federation. The impact of investments in PPP projects on the target feature identified in the study allows us to recommend a forced increase in the number of infrastructure projects implemented on the PPP principles, taking into account the benefits from this mechanism for all economic entities.

Keywords:
public-private partnership, investments, infrastructure development, gross regional product, regression analysis
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