Theoretical aspects, regulation and experience in the management of the public and private partnership in Latvia and the European Union
2013
Shina, I., Latvia | Uzkalna, M., Latvia
Currently, the development of enterprises takes place in a competitive and complicated entrepreneurship environment, which is subject to rapid changes. Public and private partnership (PPP) is an agreement between a state agency (federal, state, or local) and a private sector. With this agreement, skills and means between public and private sector are shared, ensuring the availability of services or equipment for public usage. There is much research carried out concerning PPP in the European Union Member States, yet in Latvia there is little and contradicting publicly available information concerning PPP. Society is not aware of PPP: normative regulation is poor, parties involved in PPP lack knowledge and skills in the process of PPP project management. There is limited study on the theoretical aspects carried out in Latvia market. These factors determine the topicality of the research. The aim of the research is to analyse the theoretical aspects of PPP and to characterise the experience of PPP in the EU Member States and Latvia, assessing interviews of PPP experts. In the research, the authors applied content analysis and interviews. There are 143 literature sources, published between 2010 and 2012, analysed. The authors conclude that society is poorly informed about PPP projects even though the facilitation of PPP application is mentioned in the National Plan of Latvia. The biggest obstacles for implementation of PPP are the high proportion of the shadow economy, poor normative regulation, and the shortage of competent specialists.
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