Institutional changes in the economy of modern Russia: theory, realities and results

Abstract

Purpose : the article contains the systematic analysis of the theoretical and methodological aspects of institutional changes in modern Russia economy through the prism of the D. North theory fundamentals and identification of the main factors. These factors affect the institutional development of the Russian economy. Discussion : the authors consider the basic principles of the institutions theory, institutional changes of D. North for the Russian economy. Blocking effect of institutional changes is the priority direction. Results : the authors propose the factors classification and describe the results of institutional changes in the Russian economy. Above factors influence the institutional development of the modern Russia economy.