Evaluation of Economic Effectiveness of the State Purchases System: Criteria and Priorities

Aleksey V. Bogoviz, Yulia V. Ragulina, Vadim I. Erusalimsky, Yulia G. Tyurina and Elena V. Popova

European Research Studies Journal, 2017, vol. XX, issue 3B, 548-555

Abstract: The purpose of the article is to develop new criteria and priorities of evaluating the economic effectiveness of the state purchases system in modern Russia. The methodology of the work consists of the general scientific methods (induction, deduction, formalization, synthesis, etc.) and specific methods of the economic theory. The authors conduct the problem analysis of the methodology of evaluation of economic effectiveness of the state purchases system which is applied in modern Russia and analyze the causal connections of its application in practice, as well as conduct the comparative analysis of this methodology and the specially developed proprietary method that allows eliminating the determined problems of the existing methodology. The authors conduct the criterial evaluation of economic effectiveness of the state purchases system in Russia with the specially developed method and conclude that the effectiveness of the state purchases system in modern Russia is high due to a large per cent of economy of budget assets, domination of orders for domestic products within the import substitution policy, stimulation of economic growth, and increase of the society's well-being. Perspectives of further growth of its effectiveness according to the offered criteria and priorities are related to simplification of the procedures of applicants' participation in auctions for stimulating their competition, increase of the share of electronic orders, and moderate reduction of the average sum of order

Keywords: economic effectiveness; system of state purchases. (search for similar items in EconPapers)
Date: 2017
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