Competitiveness and management of the national and regional economy’s development: synthesis of hierarchical and institutional analysis

The paper gives a review of theoretical, methodological and applied conclusions and results obtained by the academic school “Competitiveness and management of socio-economic systems development: synthesis of hierarchical and institutional modeling of socio-economic systems”. The school was founded by Professor Yu.K. Persky. The research conducted by academic economists from Perm is focused on the problems of interlevel analysis of socioeconomic systems on the basis of the hierarchical and institutional approaches. The instrumentarium suggested proves that hierarchical and institutional interrelations, being ignored by traditional neoclassical theory, should be thoroughly studied. It also emphasizes the necessity for system research into the problem of competitiveness and management in terms of the economic hierarchy: at nano, mini, micro, meta, meso, macro and mega levels. The key elements that research within the framework of the academic school focuses on are the following: an integral model of hierarchal economy taking into account interlevel interaction and institutional structuring; modeling of direct, reverse, vertical and horizontal interrelations, their typology and evaluation of their influence at different hierarchy levels; improvement of the state economic policy; issues of asymmetric distribution and circulation of information flows and their optimization; the problem of harmonization of economic relations participants’ interests and etc. Special attention is given to regional studies of Perm scientists, devoted to theory, methodology and practical aspects of the regional economy’s development with the aim of improving economic policy of the region. In particular, the results of identification and evaluation of clusters in the region’s economy are given, the urgent necessity of forming an integral model of the territory’s cluster spatial development is justified. Moreover, the article suggests directions of developing a competitive innovative system in the region and shows the opportunities of strategic management processes modeling and implementation of effective international economic activity and development of market infrastructure for regional economy. Thus, the synthesis of hierarchical and institutional analysis made it possible to develop methodical and methodological basis for the research into hierarchically organized national and regional economies, separate enterprises, industrial branches and technological complexes as well as to work out models of markets for goods and resources and to structure and design different institutional systems and socio-economic processes.