Naslov
FINANCING OF PUBLIC INVESTMENT: A CASE OF AN ENTERPRISE ZONE

Autori
Kontuš, Eleonora

Izvornik
International Journal of Sales, Retailing and Marketing (2045-810X) 1 (2012), 3; 111-124

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
public investments, public funds, private finance, sources of financing, economic development

Sažetak
Public finance is the traditional source of funds for investment in infrastructural projects. The inadequancy of public funds to keep up with the rising demand for infrastructural projects has resulted in private finance being considered for an increasing number of infrastructural projects that would normally have been procured with public funds. Under increasing public demand for higher levels of infrastructural services and insufficient public funds, attention has re-focused on alternative methods of financing. The purpose of this research is to explore challenges and opportunities for infrastructural development in the Republic of Croatia, the benefits of infrastructural development, sources and methods of financing infrastructural projects. The case study of the enterprise zone shows that close cooperation of state and local institutions with the private sector in financing infrastructural projects can result in benefits for all participants in this project. The research results indicate that there exists a direct link between infrastructural development and human welfare and economic development leading to an alleviation of poverty and improvement of the environment. The results of the research lead to the conclusion that Public-Private-Partnership in financing, as a method used in financing infrastructural projects, can result in benefits for state, local selfgovernment and the private sector. The state can increase its revenue from taxation, especially from profits tax. Local government can increase its revenue from income tax and other public reimbursements, while the private sector can increase its profits.

Izvorni jezik
Engleski

POVEZANOST RADA