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

  • Виктор Александрович Смышляев Voronezh State University
  • Ирина Ивановна Яреско Voronezh State University
Keywords: institutions, institutional change, nstitutional development, transaction costs, the effect of institutional continuity

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.

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Published
2017-02-20
How to Cite
Смышляев, В. А., & Яреско, И. И. (2017). Institutional changes in the economy of modern Russia: theory, realities and results. Modern Economics: Problems and Solutions, 1, 122-128. https://doi.org/10.17308/meps.2017.1/1620
Section
Regional Economics