«Public Administration Issues» Journal,

Post. address:
National Research University
Higher School of Economics
20 Myasnitskaya Str., Moscow 101000, Russian Federation
Location address:
of. 307, 4/2, Slavyanskaya sq., Moscow 109074, Russian Federation

Tel./fax: 7 (495) 772-95-90, ext. 12631

E-mail: vgmu@hse.ru 


Major Indexing

Research and educational journal
Published quarterly since 2007
ISSN 1999-5431
E-ISSN 2409-5095

George Borshchevskiy1
  • 1 Doctor of Political Sciences, Professor, Russian Presidential Academy of National Economy and Public Administration., 82 Vernadskogo Av., 119571 Moscow, Russian Federation.

Regional governments’ policy evaluation for extra-budgetary investments in public infrastructure

2018. No. 4. P. 7–41 [issue contents]
In the article we examine the institutional process in a regional economy connected with the infrastructure development. The hypotheses stated are the following: 1) the existence of the interrelationship between the economic growth and attracting the investment into infrastructure; and 2) the influence of the institutional environment on the public-private partnerships (PPP) development. We have adopted the neoinstitutional approach to study the factors which influence the behavior of the government and business in their interaction in the economy. We also employ statistical methods for analyzing the dynamics of socio-economic development (SED) indicators of the subjects of the Russian Federation as well as the results of measures to attract private investment into infrastructure, including the PPP. The best regional practices were shown in creating an institutional environment for investors and implementing infrastructure projects. Also we propose new indices for assessing the attraction of private investments in infrastructure and for assessments of the regional SED. We chose the city of Moscow and the Yamalo-Nenets AutonomousDistrict as two empirical case studies, which differ in the economic and geographic conditions, but both demonstrate success in attracting private investment and implementing infrastructure projects. The existence of a relationship between indicators of private investment in public infrastructure and economic growth was revealed. In addition, in both regions there proves to be an interrelationship between the creation of the institutional environment and the emergence of new PPP projects. Against the background of institutional changes, there is a growth in private investment in infrastructure, and the share of non-budgetary funding in government programs increases. Our conclusions are consistent with a theory that asserts the primacy of institutional environment in relation to project implementation. In conclusion we make some practical recommendations for the development of the institutional environment which are acceptable for all regions solving similar problems of infrastructure development.

Citation: Borshchevskiy, G.A. (2018). Otsenka deiatelnosti regionalnykh pravitelstv po privlecheniyu vnebiudzhetnykh investitsiy v razvitie infrastruktury [Regional Governments’ Policy Evaluation for Extra-Budgetary Investments in Public Infrastructure]. Public Administration Issues, no 4, pp. 7–41 (in Russian).
ISSN 1999-5431
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