Public-Private Partnership in Regional Development as a Tool of Sustainable Management

Public-private partnership is considered as a real instrument providing sustainable development of regional socio-ecological-economic systems. Many specific regional public-private partnership projects are analyzed in the literature. However, a long-term experience shows that an absence of the really interested control agents transforms all strategies of sustainable development into simple declarations without any practical importance. We use a new dynamic game theoretic model for description of consideration and coordination of interests of the agents responsible for regional sustainable management. Using both analytical investigation and computer simulation we found optimal values of such economic control parameters as shares of the total industrial investments in the gross product, shares of investments in public-private partnership projects, shares of inter-regional investments, and shares of participation of the agents in the profit from a public-private partnership project. We demonstrate a practical application of the model using official statistical data on the Southern Federal District of the Russian Federation, and the results may be used elsewhere.