Theoretical Grounds of Formation of the Efficient State Economic Policy

Semyrak Oksana S. ()
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Semyrak Oksana S.: National University "Lviv Polytechnic"

Business Inform, 2013, issue 12, 51_55

Abstract: The article conducts historical and analytical analysis of views on the role of state administration in the sphere of economic relations by various economic directions in order to allocate traditional and newest essential reference points of the modern theory of state regulation of economy. It identifies specific features of modern models of economic policy that envisage setting goals by the state, selection of relevant efficient tools and mathematic function, which would describe dependencies between them. It considers the concept of the basic theory of economic policy of Jan Tinbergen, its advantages and shortcomings. It studies prerequisites and conducts analysis of the modern concept of the role of state in economy as a subject of the market. It considers the modern concept of economic socio-dynamics, pursuant to which the main task of the state is maximisation of social usefulness and permanent improvement of the Pareto-optimal. It considers the "socio-dynamic multiplicator" notion, which envisages availability of three main components: social effect from activity of the state, yearning of individuals for creation of something new and availability of formal and informal institutions that united first two elements.

Keywords: state regulation of economy; state policy; basic theory of economic policy; theory of new political economy; theory of economic socio-dynamics (search for similar items in EconPapers)
Date: 2013
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