Household Resource Provision: An Analysis of Theoretical Approaches to the Study

Abstract:

Households so far are one of the least studied economic entities. Perhaps, this situation is due to the complexity of data collection or their behaviuor itself, which in not always rational. It prevents scientists from building qualitative forecasting models and empirically confirming the hypotheses formulated. Nevertheless, the importance of such studies is indicated by the significant role of households played in the economy of a region and country. This article is intended to make some contribution to this area of scientific work. The method used in this article is a theoretical interdisciplinary analysis of Russian scientific papers devoted to the issue of household activities and their resource provision. The result of this work is the systematization of main approaches to the assessment of household resources as well as the formation of their structure. It pushes back the limits for further research in this scientific area. The findings can be of interest to scientists engaged in the interdisciplinary assessment of the household economy, as well as various public figures involved in the socio-economic development of regions and the country. The carried out research can be further enhanced by the construction of a theoretical balance model of resource relationships, as well as by an empirical analysis and assessment of relationships of household resources and socio-economic development.