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2017, vol. 1, iss. 1, pp. 69-81
Investment climate for the development of public-private partnership
Univeristy of Niš, Faculty of Economy

emailtamara.radjenovic@eknfak.ni.ac.rs
Abstract
One of the key challenges for the management of modern states is the fulfillment of the growing needs for public investments. Traditionally, fundamental infrastructure projects were financed by the public sector through borrowing. However, excessive debt of the public sector and huge disproportions between public investments needs and their availability, has actuated governments toward the cooperation with the private sector. This kind of cooperation is especially important for the developing countries. However, the realization of the partnership between public and private sectors is not an easy task. Therefore, the aim of the paper is to determine factors which shape investment climate for the development of a public-private partnership. The paper highlights the importance of legal and institutional framework, as well as the possible sources of financing vital infrastructure projects. Also, the paper stresses the significance of further development of public-private partnership due to its potential for the overall economic development and improving national competitiveness.

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article language: Serbian
document type: Scientific Paper
published in SCIndeks: 10/10/2019

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