Public-private Partnership — the Basis of innovative Development and Security in the Transit Economy: Monograph

Abstract

The monograph discusses theoretical and applied questions of the institute of public-private partnership (PPP) related to the implementation of investment projects aimed at innovative development and economic security of both the transport and transit system of Russia and other public entities. The methodological basis comprises evolutionary and institutional theory, econometric modelling, system analysis, expert estimations and historical approach. Rich economic facts that illustrate important common and specific features of transit economy across various countries in different historical periods are given in the study. Special attention is paid to the Persian Empire, the Chinese Empire, the Byz-antine Empire, the Ottoman Empire, the Republic of Venice, Ancient Russia, as well as the entire region of Central Asia (CA) which is a natural bridge between the East and the West. Macroeconomic description of the main trends in trans-formation development of the post-Soviet economies as well as modeling of their evolution against the backdrop of integration and global instability are provided. The main internal and external adverse factors affecting volume of traffic freight within the territory of Russia are identified, analyzed and systematized. In particular, the study analyses ambigu-ous influence on the Russian transport and transit capacity (TTC) of the following factors such as Chinese project of the Silk Road Economic Belt (SREB), the disconnected policies of the member states of the EAEU in the field of transport infrastructure construction and cross-border transportation of goods and passengers, the effects of transit conflicts with neighboring countries and the EU member states. The influence of transit economy on both solving water and energy problems in Central Asia and providing stability and security in the region is paid special attention. Detailed analysis and economic assessment of the development of transit economy in Iran, Turkey, Afghanistan, Pakistan, India, and other countries against the background of the implementation of infrastructure projects in Russia, the EAEU and Cen-tral Asia are conducted. The hypothesis about the necessity to establish national public-private company aimed at financing and implementing projects in order to develop Russian TTC is put forward and justified. The study points out interdependence of the PPP based investment projects developing international transport corridors such as "East — West", "North — South" and "Europe — Western China". Implications for the labor market situation, quality of labor resources, passenger traffic development, small (medium) business and employment in the Russian Federation are discussed. Scientifically proved recommendations for improving control methods of transit economy as well as a new evolutionary strategy for advanced development are formulated.

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