Legal regulation of public-private partnership relations and protection of the interests of business entities in Ukraine

Abstract

Infrastructure development in conditions of limited funding requires the search for and implementation of appropriate innovation mechanisms. To form an effective system of public administration and ensure its competitiveness, more and more states are turning to a combination of private and public ownership within the public-private partnership (PPP). Given these trends, it is essential to examine the PPP in the field of innovation as a driver of the economic development of Ukraine. The work aims to study PPP in the field of innovation as an effective mechanism for effective public economic management. The object of research is PPP in the field of innovation. The researchers used such methods as a method of interpretation of scientific data, method of analysis, statistical method, structural-functional method, method of comparison, and system method. As a result of the study, the scientific positions of foreign and domestic scientists in the settled topic direction and the regulatory framework were studied. It was also concluded that cooperation between the state and the private sector creates opportunities for the parties to use innovative developments and participate in globalization processes.