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Institutional Matrix for Russia’s Modernization

Author

Listed:
  • 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 transformation phases 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 Russia’s 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 Russia’s Modernization," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
  • Handle: RePEc:nos:voprec:2012-08-7
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    More about this item

    Keywords

    market; razdatok; institutional matrix; modernization; quasi-market; razdatok economy; transformation; institutional cycles.;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General

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