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On State Investments in the Humanitarian Sector of Economy

Author

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  • Rubinstein, A.

    (Institute of Economics of the Russian Academy of Sciences, Russia
    State Institute for Art Studies, Moscow, Russia)

Abstract

A theoretical and methodological substantiation of a fundamentally new approach and the corresponding method of determining the volume of public investment to producers of patronized goods in the humanitarian sector are presented. It is based on an assessment of the income deficit of these organizations, taking into consideration the objective economic laws that determine the conditions of their activities, and social norms, established by the state. As social norms, the level of purchasing power of consumers of patronized goods (through the mechanism of prices for these goods and services) and workers of organizations of the humanitarian sector of the economy (through the mechanism of payment for their labor) are considered. Testing of the proposed model showed that the amount of actual budget subsidies to organizations of the humanitarian sector turned out to be significantly lower than their model value and was clearly insufficient, thereby causing undesirable processes of commercialization, accompanied by a superinflationary increase in prices for patronized goods and by. a decrease in their availability for the population.

Suggested Citation

  • Rubinstein, A., 2019. "On State Investments in the Humanitarian Sector of Economy," Journal of the New Economic Association, New Economic Association, vol. 41(1), pages 225-233.
    • Handle: RePEc:nea:journl:y:2019:i:41:p:225-233
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    References listed on IDEAS

    as
    1. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    2. Ruslan Grinberg & Alexander Rubinstein, 2005. "Economic Sociodynamics," Springer Books, Springer, number 978-3-540-27400-1, June.
    3. E. Yasin., 2002. "Burden of the State and Economic Policy (The Liberal Alternative)," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 11.
    4. Marc Pomp & Suncica Vujic, 2008. "Rising health spending, new medical technology and the Baumol effect," CPB Discussion Paper 115.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    5. Marc Pomp & Suncica Vujic, 2008. "Rising health spending, new medical technology and the Baumol effect," CPB Discussion Paper 115, CPB Netherlands Bureau for Economic Policy Analysis.
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    More about this item

    Keywords

    patronized goods; investments; human capital; cost disease; lag in labor productivity; regulatory costs; income deficit; subsidy; price indices;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • Z1 - Other Special Topics - - Cultural Economics
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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