Behavioral Economics and Government Purchases – Some Insights into the Fiscal Psychology of Public Expenditure

The most important measures stimulating the increase of efficiency and effectiveness of budget expenditures on road construction are the improvement of pricing mechanisms and increasing efficiency of the procedures of government purchases of goods, works and services. The paper includes the analysis of main problems that arise in the process of government purchases and construction pricing with the reference to budget expenditure on road construction. It includes the review and analysis of international experience and possible measures of increasing the efficiency and effectiveness of government purchases and (road) construction pricing in Russia.

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Beyond Market: Institutions of Governance in the Complex World (Nobel Memorial Prize in Economics 2009 - Oliver Williamson and Elinor Ostrom)

Voprosy Ekonomiki ◽

10.32609/0042-8736-2010-1-82-98 ◽

2010 ◽

pp. 82-98 ◽

Cited By ~ 4

Author(s):

Ya. Kuzminov ◽

M. Yudkevich

Keyword(s):

Economic Theory ◽

Behavioral Economics ◽

Nobel Prize ◽

Organization Theory ◽

Development Studies ◽

Complex World ◽

Market Institutions ◽

Institutional Economic

The article surveys the main lines of research conducted by Oliver Williamson and Elinor Ostrom - 2009 Nobel Prize winners in economics. Williamsons and Ostroms contribution to understanding the nature of institutions and choice over institutional options are discussed. The role their work played in evolution of modern institutional economic theory is analyzed in detail, as well as interconnections between Williamsons and Ostroms ideas and the most recent research developments in organization theory, behavioral economics and development studies.

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The making of behavioral economics: A subjective view (On the book by R. Thaler “Misbehaving. The making of behavioral economics”)

Voprosy Ekonomiki ◽

10.32609/0042-8736-2019-8-145-160 ◽

2019 ◽

pp. 145-160

Author(s):

Yu. V. Avtonomov

Keyword(s):

Behavioral Economics ◽

Subjective View

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Russia’s fiscal stimulus and fiscal sustainability

Voprosy Ekonomiki ◽

10.32609/0042-8736-2013-10-90-108 ◽

2013 ◽

pp. 90-108 ◽

Cited By ~ 2

Author(s):

N. Akindinova ◽

N. Kondrashov ◽

A. Cherniavsky

Keyword(s):

Government Spending ◽

Public Expenditure ◽

Oil Prices ◽

Fiscal Sustainability ◽

Macroeconomic Model ◽

Sharp Drop ◽

Fiscal Stimulus ◽

Fiscal Multipliers ◽

Russian Economy ◽

The Impact

This study examines the impact of public expenditure on economic growth in Russia. Fiscal multipliers for various items of government spending are calculated by means of our macroeconomic model of the Russian economy. Resources for fiscal stimulus and optimization are analyzed. In this study we assess Russia’s fiscal sustainability in conditions of various levels of oil prices. We conclude that fiscal stimulus is ineffective in Russia, while fiscal sustainability in conditions of a sharp drop in oil prices is relatively low.

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A New Model of Man in Economics

Voprosy Ekonomiki ◽

10.32609/0042-8736-2011-4-78-98 ◽

2011 ◽

pp. 78-98

Author(s):

M. Storchevoy

Keyword(s):

Behavioral Economics ◽

Human Behavior ◽

Social Factors ◽

Rational Behavior ◽

New Model ◽

Common Framework

The paper draws on the most recent research in the field of behavioral economics, neuroscience, and other disciplines and shows how biological and social factors interact and co-determine real human behavior. The author considers in detail various affects and forms of non-rational behavior. He proposes a common framework for such analysis, where each of those forms of behavior becomes the result of conscious or evolutionary-driven choice.

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