MODELING ECONOMIC SECURITY RISKS IN THE IMPLEMENTATION OF PUBLIC-PRIVATE PARTNERSHIP PROJECTS

Abstract

The modern economy is in a state of unstable, turbulent development. This is caused by a series of macroeconomic shocks (Covid-19 pandemic; anti-Russian sanctions) in recent years. As a result, there is a weakening of economic security at the regional and national levels. It is necessary to expand the range of tools to ensure this. One such tool is public-private partnership (PPP). Traditionally, partnerships are not considered in the context of ensuring economic security. They act as a tool for economic development and satisfaction of socially significant needs. The author's study proposes two approaches to considering PPP in the context of economic security. On the one hand, the implementation of PPP projects stabilizes the economy, i.e. contributes to ensuring economic security. On the other hand, when implementing PPP projects, all stakeholders have to face economic security risks. The author has proposed a 3D model that allows for the assessment and monitoring of such risks. Clear and understandable visualization of risks in the model leads to simplification of decision-making procedures for managing PPP economic security risks.