IMPACT OF INSTITUTIONAL ENVIRONMENT UPON EFFICIENCY OF FINANCING PUBLIC AND MUNICIPAL PROCUREMENT
V.V. Melnikov1,2, I.N. Karelin2
1Novosibirsk State University of Economics and Management, Novosibirsk, Russian Federation
2Novosibirsk State Technical University, Novosibirsk, Russian Federation
Keywords: государственные закупки, контрактная система, экономическое поведение, экономия, оппортунизм, public procurement, contractual system, economic conduct, cost-cutting, opportunism
Abstract
Financial effect of public procurement depends on the transactions specifics in view of the practices of informal institutions. Institutional environment impacts relations between individuals under the conditions of uncertainty, facilitating or preventing opportunistic conduct of counteragents. Appropriate schemes of psychological protection, the awareness of successful cases and mechanisms of satisfying adaptation as well as the need to support sustainable agent operations amid public administration by metrics directly influence relative efficiency of procurement procedures and the public contract system in general. Based on empirical data and macroeconomic statistics, ex post evaluation of the impact of institutional and conduct factors, such as dependence on preceding metrics, economic crime incidence, religious and ethnic factors, on the relative saving of public financial respires within the public contractual system is performed.
|
