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Institutional Basis for Innovative Development of Belarusian Economy

In: Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management

Author

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  • Elena E. Golovchanskaya

    (Belarusian State University)

Abstract

This chapter deals with institutional enforcement of innovative development of Belarusian economy. It describes the theoretical basis for the modern institutionalism formation: traditional institutionalism, neoinstitutionalism, and new institutional economics. Specifics of Belarusian economy are also determined in the chapter. Examples of institutions typology are listed. This chapter emphasizes the absence of common understanding of the paradigm of the institutional development of the Belarusian economy in terms of innovation among the members of scientific community. Problems of institutionalism development are stated. A classification of Belarusian institutions is suggested from the perspective of innovation orientation of economy development. Position of institutional marketing as a market mechanism for efficient operation of institutions is stated.

Suggested Citation

  • Elena E. Golovchanskaya, 2017. "Institutional Basis for Innovative Development of Belarusian Economy," Contributions to Economics, in: Elena G. Popkova (ed.), Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management, pages 241-247, Springer.
  • Handle: RePEc:spr:conchp:978-3-319-60696-5_30
    DOI: 10.1007/978-3-319-60696-5_30
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    Keywords

    B52; O38;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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