E. N. Sidorova, A. V. Trynov / News of the Ural State Mining University. 2019. Issue 1(53), pp. 162-170

This paper is devoted to the study of problems of building up the investment potential of old industrial territories as a necessary condition for transition of the Russian economy to an innovative development path.
The relevance of the work is due to the lack of investment resources in the public sector sufficient to solve the tasks. A hypothesis has been formulated and confirmed about the fact that one of the main ways of ensuring the innovative development of the Russian economy, its industries, subjects and municipalities is the combination of state and business financial resources. As an instrument for solving this task, the paper considers creation of specialized organizations with state participation – development institutions and the use of public-private partnership (PPP) mechanisms.
The purpose of the paper is to clarify the role of development institutions in building up the innovation potential of territories, including those belonging to the old industrial ones, creating conditions for building infrastructure that provides access for venture companies to necessary resources, primarily financial ones, and using PPP mechanisms in their activity.
Results. Some theoretical foundations are cleared up and a classification of development institutions is given; the analysis of the current state of formation and functioning of development institutions in Russia is carried out. The author’s approach to evaluating the effectiveness of their functioning is proposed. Much attention is paid to the development and expansion of opportunity for using development institutions for the purpose of implementation of projects to develop technogenic deposits. As a thesis of scientific and practical importance, the opinion is substantiated that the evaluation of effectiveness of investment projects should be carried out with consideration of multiplicative effects as a result of their implementation. 
The results of the study are obtained based on methods of comparative analysis and comparison of the accumulated experience in various regions of Russia. 
The study allowed the authors to draw several conclusions that development institutions and PPP mechanisms are a promising way to solve theproblems of innovative development of the economy and can be effectively used to substantiate the prospects for the development of mineral resources of raw materials areas and the development of technogenic deposits of old industrial regions.

Keywords: development institutions, public-private partnership, subsoil development, performance evaluation, performance criteria, multiplicative effect.

REFERENCES

1. Chernyshev O., Kalashnikova E. Razvitiye gosudarstvenno-chastnogo partnerstva v Rossii. URL: http://www.rusk.ru/st.php?idar=113838
2. O deyatel’nosti fi nansovykh institutov razvitiya [About activities of fi nancial development institutions]. Proceeding for the meeting of the Council on Competitiveness and Entrepreneurship under the Government of the Russian Federation. URL: http://pandia.ru/text/77/221/14772.php
3. Mel’nikov R. M. 2012, Rezul’tativnost’ i effektivnost’ rossiyskikh fi nansovykh institutov razvitiya: podkhody k otsenke i puti povysheniya [Effi ciency and effectiveness of Russian fi nancial development institutions: estimation approaches and ways to increase]. Finansy i kredit [Finance and Credit], no. 21(501), pp. 2–10.
4. Karmyshev Yu. А. 2012, System problems of functioning and interaction of diversifi cation institutions and innovation development in the emerging national innovation system of Russia. Vestnik Tambovskogo universiteta [Journal “Tambov University Review. Series Humanities], no. 8, pp. 48–58. (In Russ.) https://elibrary.ru/item.asp?id=17909478
5. Grozova O. S. 2012, To the question of classifi cation of development institutions and institutional risks of innovation. Sovremennyye problemy nauki i obrazovaniya [Modern problems of science and education], no. 4, pp. 200–210. (In Russ.) https://elibrary.ru/item.asp?id=17883032
6. 2013, Regional’nyye instituty razvitiya sub”yektov RF [Regional development institutions of the subjects of the Russian Federation]. Analytic investigation and survey. Proceedings for I All-Russian Forum about Development Institutions. Ekaterinburg, Development Corporation of the Middle Urals.
7. 2015, Regional’nyye instituty razvitiya: v bor’be za investitsionnuyu privlekatel’nost’ [Regional development institutions: in a bid for for investment attractiveness]. Analytic investigation and survey. Proceedings for II All-Russian Forum about Development Institutions. Ekaterinburg, Development Corporation of the Middle Urals. Part 2.
8. Koroteev V. A., Ivanov K. S., Vakhrusheva N. V. 2011, Megaproyekt «Ural promyshlennyy – Ural Polyarnyy» [Megaproject “Ural Industrial – Ural Polar”]. The current state. Ways to realize the oil, gas and ore potential of the Khanty-Mansi Autonomous Okrug – Ugra: collection of papers. Khanty-Mansiysk, pp. 95–104.
9. Tatarkin D. A., Sidorova E. N., Trynov A. V. 2015, Optimization of fi nancial fl ows management based on modeling of regional multiplicative effects. Ekonomika regiona [Economy of the region], no. 4, pp. 323–335. (In Russ.) https://doi.org/10.17059/2015-4-25
10. Sidorova E. N., Tatarkin D. A. 2011, Gosudarstvenno-chastnoye partnerstvo: rol’, problemy, vozmozhnosti [Public private partnership: role, problems, opportunities]. Ekaterinburg, 228 p.
11. Savrukov A. N., Savrukov N. T., Kozlovskaya E. А. 2018, Evaluation of the state and level of development of public-private partnership projects in the regions of the Russian Federation. Voprosy Ekonomiki [Voprosy Ekonomiki], no. 7, pp. 131–141. (In Russ.) https://doi.org/10.32609/0042-8736-2018-7-131-141
12. Pakhalchak G. Yu. 2014, The role of partnership between the state and business in economic regulation of priority environmental problems. Diskussiya [Discussion], No 8 (49), pp. 74–80. (In Russ.)
13. Nadymov D. S. 2014, Attraction of resources of development institutions to implementation of projects for the development of man-made mineral objects. Gumanitarnyye, sotsial’no-ekonomicheskiye i obshchestvennyye nauki [Humanities, social-economic and social sciences], no.
12, pp. 109–111. (In Russ.) https://elibrary.ru/item.asp?id=22857242
14. Mikhailov B. K. 2012, Tekhnogennyye mineral’no-syr’yevyye resursy [Man-made mineral resources], ed. by B. K. Mikhailov. Moscow, 231 p.
15. 2016, Otsenka effektivnosti deyatel’nosti rossiyskikh i zarubezhnykh institutov razvitiya [Evaluation of activities effectiveness of Russian and foreign development institutions], ed. by I. N. Rykova. Moscow, 204 p.
16. Voros T. 2018, Methodological challenges in cost-benefi t analysis. Public fi nance quarterly, vol. 63(3), pp. 402–423.