Abstract
Adequacy of individual values reflection in the resulting public choice on the national level is extremely significant in itself. However, in the conditions of stagnating economy and declining citizens’ welfare this problem aggravates on the background of growing conflicting interests in the society and “accusations” against the state because of decline of population real income. In these conditions, the urgency of the problem of the adequacy of public choice in any country increases from both theoretical and practical view points. Moreover, its significance is great in the context of the experience of Russia as a typical economy with emerging market. The author sets the goals of considering the Russian experience of aggregating individual values and assessing the adequacy of the state’s public choice related to the implementation of national projects in the field of socially significant infrastructure. The goals are achieved through the application of general scientific research methods in the framework of comparative, logical, statistical analysis, as well as through the analysis of structure and dynamics, graphical interpretation of the information provided, etc. As a result, universal problems of public choice in the countries of the world were identified, the public-private partnership was highlighted as the real base and the effective mechanism of aggregation of individual values for the implementation of national projects. This made it possible to demonstrate the effectiveness of public choice in the field of socially significant infrastructure and to test effective forms of cooperation with national private business. In this light, Russia’s choice in favour of national projects as a special technology of aggregation of individual values represents interest both for theorists and practitioners.
Highlights
The dialectical approach to the phenomena considered above makes it possible to assert that economic uncertainty in the world, on the one hand, is determined by the quality of the institutional structure in society, and, on the other hand, it itself determines the structure of formal institutions that allow the state to ensure the functioning of the mechanism of aggregation of individual values for implementation purposes of public choice [1]
The potential market size for PPP infrastructure projects in Russia is much larger and is estimated at 2.3 trillion rubles, more than a quarter of which were represented by the demand for private investment in 2017
The problem of the national projects realization on the base of PPP in Russia is caused, first of all, by the inadequate formal institutions created by the state to ensure the spending of budget funds in partnership with private business
Summary
The dialectical approach to the phenomena considered above makes it possible to assert that economic uncertainty in the world, on the one hand, is determined by the quality of the institutional structure in society, and, on the other hand, it itself determines the structure of formal institutions that allow the state to ensure the functioning of the mechanism of aggregation of individual values for implementation purposes of public choice [1]. Numerous studies have proved that the most acceptable model of public choice from the point of view of the state is the development of socially significant infrastructure that can keep the national economy from negative values of economic growth.
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