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Elementary Model Of Institutional Change And Economic Welfare


  • Oleg Sukharev


The article discussed problems of influence to institutional change, rate its change, for economic systems, wealthy and efficiency. Author are offered and in detail developed the model of institutional change, and discovering the effect of chess-game, to demonstrate, that the speed (rate) and matter of institutional change determination by performance of economic systems to shot time period. This is give possibility do some conclusions to economic policy and the theory of efficiency, which are not coincide to conclusions of mainstream.

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  • Oleg Sukharev, 2011. "Elementary Model Of Institutional Change And Economic Welfare," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 7(2), pages 55-64.
  • Handle: RePEc:mje:mjejnl:v:7:y:2011:i:2:p:55-64

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    References listed on IDEAS

    1. James H. Stock & Mark W. Watson, 2008. "Heteroskedasticity-Robust Standard Errors for Fixed Effects Panel Data Regression," Econometrica, Econometric Society, vol. 76(1), pages 155-174, January.
    2. Yuri Andrienko & Sergei Guriev, 2004. "Determinants of interregional mobility in Russia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(1), pages 1-27, March.
    3. Annette N. Brown, 1997. "The Economic Determinants of the Internal Migration Flows in Russia During Transition," William Davidson Institute Working Papers Series 89, William Davidson Institute at the University of Michigan.
    4. Tiiu Paas, 2000. "Gravity Approach For Modeling Trade Flows Between Estonia And The Main Trading Partners," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 4, Faculty of Economics and Business Administration, University of Tartu (Estonia).
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