THE ROLE OF PUBLIC-PRIVATE PARTNERSHIP MECHANISMS IN STIMULATING INNOVATION-INVESTMENT ACTIVITY OF INDUSTRIAL ENTERPRISES
- Authors
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Khasan Nusratovich Sabirov
Author
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- Keywords:
- public-private partnership, innovation-investment activity, industrial enterprises, risk allocation, technological modernization, project finance, institutional environment.
- Abstract
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This paper examines public-private partnership (PPP) as an institutional mechanism for stimulating innovation-investment activity in industrial enterprises. Drawing on international experience and the regulatory framework of Uzbekistan, the study systematizes the channels through which PPP reduces investment risk, mobilizes private capital, and accelerates technological modernization. The author substantiates a model in which PPP functions simultaneously as a financing instrument, a risk-allocation mechanism, and a platform for knowledge transfer, and formulates recommendations for expanding PPP application in industry.
- References
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1. Decree of the President of the Republic of Uzbekistan No. PF-60 "On the Development Strategy of New Uzbekistan for 2022–2026", January 28, 2022.
2. Law of the Republic of Uzbekistan "On Public-Private Partnership" No. O‘RQ-537, May 10, 2019.
3. Yescombe E.R. Public-Private Partnerships: Principles of Policy and Finance. – Oxford: Butterworth-Heinemann, 2013.
4. Grimsey D., Lewis M.K. Public Private Partnerships: The Worldwide Revolution in Infrastructure Provision and Project Finance. – Cheltenham: Edward Elgar, 2004.
5. Mazzucato M. The Entrepreneurial State: Debunking Public vs. Private Sector Myths. – London: Anthem Press, 2013.
6. Lundvall B.-Å. National Systems of Innovation: Towards a Theory of Innovation and Interactive Learning. – London: Pinter, 1992.
7. World Bank. PPP Reference Guide, Version 3. – Washington, D.C.: World Bank Group, 2017.
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- Published
- 2026-07-20
- Section
- Articles