Estimation of state financial support for non-priority territorial units using the example of bridge construction

Abstract

The article discloses the problem of distributing state financial support based on an integrated approach. The study has proved the urgency and necessity of state support for the lowest priority territorial units (regions). It answers the research question of what components need to be included in the methodology for determining state financial support. A comprehensive method for estimating the share of public funds is proposed, taking into account the investment attractiveness of a region (oblast) and the risk of the corresponding region (oblast). To achieve this goal, the following general scientific and special methods and research techniques were used in the work, such as comparative analysis of scientific literature and information sources based on methods of comparison, systematization, and generalization; generalization of the analysis results, as well as logical generation of conclusions and integral assessment. Since the problem of financing the construction and reconstruction of bridges is relevant for a number of countries, this technique was tested using an example of bridge construction. According to the obtained results, territorial units (regions) that are not leaders in priority for the investor and have a high level of riskiness of investing financial resources become eligible for state financial support. The problem of financing such regions can be solved only through state support. The results of calculations show that the distribution of financial resources with the available volume of public finances K=1 allocated for support is carried out proportionally. An integrated approach made it possible to identify 10 territorial units (oblasts) for funding, with the oblasts with the worst priority factors receiving the largest share of state financial support. This study is of practical interest to government agencies in the distribution of public funds, and it is of theoretical importance to researchers dealing with issues of financial security and public administration

Development of a method for selected financing of scientific and educational institutions through targeted capital investment in the development of innovative technologies

“…Some researchers see a solution to the problem of financing only through government intervention, focusing on the need for significant capital investments [5]. The COVID crisis has revealed a huge number of scientific and educational institutions capable of creating technology and innovation.…”

“…The entire algorithm of the procedure for determining the number of scientific and educational institutions -candidates for receiving a premium can be represented by inequality (5).…”

Devising a procedure for ensuring entrepreneurship protectionism in the context of financial capital investments for the purpose of rehabilitation of the transport sector

“…Pandemic challenges adjusted all sectors of economies of states, so a number of states introduced measures to support entrepreneurship in various sectors of economies of the states in general and transport entrepreneurship in particular. According to the existing support procedures, the preference in financing is given to those with high priority and potential [13]. However, during pandemic challenges, this approach has raised some doubts.…”

“…Such a comprehensive procedure was proposed in article [13], in which the procedure of financial support, based on selective regional financing, was proposed. However, it does not specify how protectionism in the sector of the economy is implemented.…”

“…After analyzing papers [13][14][15][16][17][18][19][20][21], it can be argued that the problem of state protectionism of entrepreneurship in the context of financial investments from the position of rehabilitation of the transport sector has not been considered by other researchers. This indicates the need to conduct relevant research and devise a procedure for ensuring entrepreneurship protectionism in the context of financial investments for rehabilitation of the transport sector.…”