№ 5/2017

Fìnansi Ukr. 2017 (5): 53–62https://doi.org/10.33763/finukr2017.05.053

FINANCIAL AND ECONOMIC REGULATION

DYBA Mykhailo ¹

¹Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0003-2007-9572

Problems of concession development in Ukraine

The article reveals a gradual transformation of the state’s role in the context of implementing key priorities of different economic sectors. It is determined that due to the dynamic transformation of market relations the role of government gets qualitatively new essential characteristics rather than decreases. Particular attention is paid to the possibility of increasing the competitiveness of the national economy based on the advantages of public-private partnership in the form of concession. The theoretical aspect of concession typology is justified. The author shows advantages of upgraded concession and gives examples of its application. Different approaches to defining types of concession agreements used in the international practice of public-private partnership are described. The author researches the main types and schemes of concession instruments and identifies their benefits for subjects of concession relations, with an emphasis on the changes of a level of state control over the object of concession. The possibility and extent of government influence on the activities of the concessionaire are analyzed. The procedure for operating the object by the concessionaire and the terms of ownership of the concession object upon the completion of which it becomes state-owned are established. The article provides examples of state title objects which can be granted on concession under the legislation of Ukraine.

Keywords:upgraded concession, financing, public-private partnership, objects of concession.

JEL: H54, L32.

DYBA M. . Problems of concession development in Ukraine / M. . DYBA // Фінанси України. - 2017. - № 5. - C. 53-62.

Article original in Ukrainian (pp. 53 - 62)

Download

Downloads :430

1. Iefymenko, T. I. (Ed.). (2015). Public-private partnership in relations between the state and international organizations and multinational companies. Ky`yiv: DU “Insty`tut ekonomiky` ta prohnozuvannya NAN Ukrayiny`” [in Ukrainian].
2. Bohdan, I. V. (2013). Formation of the institutional framework of public-private partnership in Ukraine. RFI scientific papers, 3, 15-28 [in Ukrainian].
3. Bohdan, I. V. (2014). Institutional preconditions for the development of public-private partnerships at regional and local levels in Ukraine. RFI scientific papers, 3, 23-37 [in Ukrainian].
4. Vdovenko, Yu. S. (2009). Private-public partnership in the road-transport sphere. Chernihiv: ChTDU [in Ukrainian].
5. Pavlyuk, K. V., Dehtyar`, N. V. (2012). Public-private partnership regulation as a funding mechanism for conservation of ecosystems. Finance of Ukraine, 9, 83-93 [in Ukrainian].
6. Pavlyuk, K. V., Stepanova, O. V. (2011). The development of public-private partnership in the sphere of health protection. Finance of Ukraine, 2, 43-55 [in Ukrainian].
7. Pavlyuk, K. V., Iholkin, I. V. (2010). World experience in using concessional form of public-private partnership at railways and in motor transport. Finance of Ukraine, 9, 23-36 [in Ukrainian].
8. Saraeva, I. N. (2011). State and entrepreneurship: problems of interaction (system-institutional aspects). Odessa: Feniks [in Russian].
9. Cherevy`kov, Ye. L. (2012). Features of public financing of infrastructure projects based on public-private partnerships. RFI scientific papers, 1, 29-38 [in Ukrainian].
10. Cherevy`kov, Ye. L. (2012). The role of international organizations in the implementation of public-private partnership. RFI scientific papers, 4, 80-83 [in Ukrainian].
11. Sy`dor, H. V. (2016). Research of the term “concession”. In Strategically-innovative development of the economic system subjects in the context of globalization (pp. 129-132). Kremenchuk. Retrieved from drive.google.com/open?id=0B55milhxizi Ua3Bkd2RYUXpCdkE [in Ukrainian].
12. Verkhovna Rada of Ukraine. (2013). About concession (Act No. 997-14, November 10). Retrieved from zakon3.rada.gov.ua/laws/show/997-14 [in Ukrainian].
13. Economic Code of Ukraine. (2003). Official Bulletin of Ukraine, 11 [in Ukrainian].
14. Ny`ky`foruk, O. I. (2015). The policy of modernization of land transport systems in Ukraine (Unpublished doctoral dissertation). Ky`yiv: Insty`tut ekonomiky` ta prohnozuvannya [in Ukrainian].
15. Sy`ch, Ye., Romanenko, Ye. (2000). Mechanism of concession in the construction of highways of border regions. Economy of Ukraine, 3, 52-56 [in Ukrainian].
16. Litovchenko, S. E. (Ed.). (2007). Risks of business in public-private partnerships. Society and economics, 5, 110-180 [in Russian].
17. Bojko, O. (2013). Public-private partnerships: international experience and prospects for implementation in Ukraine. Juridical newspaper, 22, 42-43 [in Ukrainian].
18. Fedoryuk, A. L., Cherny`kh, V. I. (2016). Concessions: international practice and use in Ukraine. World Science: International Scientific and Practical Conference, 6 (10), Vol. 4, 69-71 [in Ukrainian].
19. Acar, M. C. (2009). The Build-Operate-Transfer model for aerodrome terminal buildings: Turkish model. Directorate General of Civil Aviation.
20. Motry`chenko, V. M. (2008). The partnership of public and private sector: international experience and Ukraine. The formation of market relations in Ukraine, 12, 37-42 [in Ukrainian].
21. Kerf, M. et al. (1998). Concessions for infrastructure: a Guide to their design and award. World Bank Technical Papers, 399.
doi.org/10.1596/0-8213-4165-0
22. Cabinet of Ministers of Ukraine. (1999). The list of state property that can be given in concession (Resolution No. 2293, December 11). Retrieved from zakon0.rada.gov.ua/laws/show/2293-99-%D0%BF [in Ukrainian].
23. Kondrat`ev, V. (2010, November 10). Infrastructure as a factor of economic growth. Network publication of the Center for Research and Analysis of the Historical Perspective Foundation. Retrieved from www.perspektivy.info/rus/ekob/infrastruktura_kak_faktor_ekonomicheskogo_rosta_2010-11-10.htm [in Russian].
24. Infrastructure as a factor of growth. (n. d.). Freedom of speech. Retrieved from www.svoboda.org/content/article/25432479.htm [in Russian].
25. Pilihrim, H. S. (2014). Problems and prospects for the introduction of concessions in the municipal sector of the Ukrainian economy. European perspective, 3, 182-187 [in Ukrainian].
26. Nadolishnij, P. I. (2010). Theoretical and methodological foundations and historical context of the state's institutional capacity in the sphere of management. Crimean legal bulletin, 3 (10), Pt. II. Retrieved from archive.nbuv.gov.ua/portal/soc_gum/Kyuv/2010_3_2/14.pdf [in Ukrainian].
27. Ol`shans`ky`j, O. V., Serdyukova, O. Ye. (2011). Legal basis for the regulation of concession activities in Ukraine: main problems. Public administration: theory and practice, 2 (6), 221-226 [in Ukrainian].
28. Saj, I. A. (2012). Concession as a way of ownership of the state and territorial communities. State and regions, 2, 43-46 [in Ukrainian].