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Institutional Matrix for Russias Modernization

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  • O. Bessonova

Abstract

This article analyzes the formation of the Russian institutional matrix with regard to its previous development, but in line with the laws of economic evolution. The structure and development of an razdatok-type institutional matrix on three institutional cycles is considered. It is shown that in transformationphases the market institutional matrix masking the quasi-market is used. The author concludes that system crises could be overcome due to the mutual substitution of the two types of institutional matrices, and the cyclic path of Russias development became a consequence of that. The paper claims that the current institutional matrix will provide transition to a new level of high-quality growth only in case of synthesis of market and razdatok mechanisms.

Suggested Citation

  • O. Bessonova, 2012. "Institutional Matrix for Russias Modernization," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    • Handle: RePEc:nos:voprec:y:2012:id:742
    DOI: 10.32609/0042-8736-2012-8-122-144
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