Using behavioral economics models to improve the efficiency of state economic policy

Authors

  • Svitlana Lysenko PhD (Economics), Associated Professor of the Department of Enterprise Economics of the Donetsk National Technical University, Pokrovsk, Ukraine https://orcid.org/0000-0002-3978-9956
  • Andrii Romanets Head of Personnel Group of the Zaporizhzhia District Territorial Center for Recruitment and Social Support, Zaporizhzhia, Ukraine https://orcid.org/0009-0000-9893-8408
  • Olga Tkachenko Candidate of Economic Sciences, Associate Professor of the Department of Economics and Law of the National University of Food Technologies, Kyiv, Ukraine https://orcid.org/0000-0002-1468-8091

DOI:

https://doi.org/10.5281/zenodo.14697787

Keywords:

behavioral economics, behavioral models, state economic policy, behavioral approaches, cognitive models, management decisions

Abstract

The topic of using behavioral economics models to increase the effectiveness of state economic policy is extremely relevant, as it reflects the response to the challenges of the modern economic situation, in particular globalization, economic instability, social inequality, environmental problems and technological innovations.

The application of behavioral economics models is one of the priority areas of research in modern economic science. The purpose of the article is to explore the peculiarities of using behavioral economics models in the implementation of Ukraine's state economic policy. Methods. To achieve the goal, a systematic approach was used that provides a comprehensive analysis of the issue. The work used the results of previous studies by leading scientists in the field of behavioral economics, which allowed for a theoretical generalization and qualitative analysis of available sources of information.

The results of the study formulated recommendations aimed at increasing the effectiveness of national economic policy through the integration of the principles of behavioral economics. It is proven that the use of behavioral approaches in public administration is a rational and promising tool for achieving more effective results in economic management. The proposed recommendations have significant potential for improving the economic activity of the state, in particular for creating realistic and effective mechanisms for managing the behavior of production factors, adapted to modern politics.

The conclusions indicate that the introduction of behavioral economics models will contribute to the development of more accurate and effective strategies that will ensure economic growth, stability and well-being of all segments of the population.

Published

2025-01-20

How to Cite

Lysenko, S., Romanets, A., & Tkachenko, O. (2025). Using behavioral economics models to improve the efficiency of state economic policy. Achievements of the Economy: Prospects and Innovations, (14). https://doi.org/10.5281/zenodo.14697787