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Factors of Public Procurement: Evaluation of an Influence into the International Comparison

Factors of Public Procurement: Evaluation of an Influence into the International Comparison

Journal of Economic Regulation, , Vol. 7 (no. 2),

There was a tendency to expand the using of state regulation tools and increasing the scale of the public sector of economy In XX century. Statistically, it is characterized by increasing of indicators of public expenditures and procurement of products for public use. The amazing thing is that countries which are different from each other in terms of the formed institutional environment, reflect the same trends of maintaining the scale of public purchases market. Analysis of the factors influencing on purchases for public use, allows to identify the causes of the government’s interests in expanding of government intervention in the economy and the use of this tool in the development of economic policy.
 
In the paper reviewed the impact of a number of institutional and technological factors such as The Corruption Perceptions Index, government debt, the percentage of water surface area, Gini coefficient, unemployment and Ease of Doing Business Index on public purchases. Assessment of the impact of these factors was carried out on the volume of public purchases in the framework of an international comparison of procurement practices. Justification of the results was suggested in terms of the existing approaches to macroeconomic policy.


Keywords: procurement; public purchases; international comparisons; cluster analysis; LASSO.

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