Institutional dimension of public finance: methodological approaches

Abstract

The article considers the institutional dimension of public finance, the relevance of which is due to the search for the latest methodological tools of the paradigm of scientific knowledge of public finance in the context of modern challenges, threats and uncertainty, which served as the purpose of this research. The following methods of scientific research were used to achieve this goal: methods of system analysis, comparison and generalisation. The article outlines the reasons for the emergence of the theory of institutionalism as a kind of challenge and focus on the role of institutions and institutions in the development of society. The institutional cut in the study of public finance in terms of the functioning of institutions and public authorities is defined. The content of these concepts is substantiated. It is noted that an institution should be considered a stable system of rules, norms, traditions, organisations and mechanisms that regulate the behaviour of people in a particular sphere of public life, and an institution - specific organisations or structures that embody certain institutions in their practical activities. The key dominants of influence on the formation of institutional components of public finance within the institutional dimension of their scientific research are substantiated, namely: the theory of institutionalism, institutional approach and institutional dynamics.

The characteristics of the content of the institutional components of public finance in their hierarchical subordination are presented, namely: institutional environment, institutional space, institutionalisation processes, institutional architectonics, institutional system and structure, institutional matrix, institutions and institutions. On the basis of the institutional approach, the author identifies the key components of public finance knowledge and forms an institutional matrix as a kind of model for describing the institutional mechanism, a certain order of functioning of public finance, which determines the current socio-economic and political development of society, reflects a stable system of basic institutions and institutions that form the way of organising public administration and public relations in the field of public finance. The institutional matrix of public finance is permeated by the system of public administration, has its own principles of construction and organisational and legal support.