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Impact of Institutional Environment upon Efficiency of Financing Public and Municipal Procurement

https://doi.org/10.34020/2073-6495-2019-3-162-174

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.

About the Authors

V. V. Melnikov
Novosibirsk State University of Economics and Management; Novosibirsk State Technical University
Russian Federation

Melnikov Vladimir V., PhD in Economics, Associate Professor, Novosibirsk State University of Economics and Management, Novosibirsk State Technical University

Novosibirsk



I. N. Karelin
Novosibirsk State Technical University
Russian Federation

Karelin Ilya N., Senior Lecturer

Novosibirsk



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Review

For citations:


Melnikov V.V., Karelin I.N. Impact of Institutional Environment upon Efficiency of Financing Public and Municipal Procurement. Vestnik NSUEM. 2019;(3):162-174. (In Russ.) https://doi.org/10.34020/2073-6495-2019-3-162-174



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ISSN 2073-6495 (Print)