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Institutional Aspect of Assessing the Impact of Property Rights Protection on Economic Security

In: Consequences of Social Transformation for Economic Theory

Author

Listed:
  • Irina Ferova

    (Siberian Federal University)

  • Ekaterina Tanenkova

    (Siberian Federal University)

  • Svetlana Kozlova

    (Siberian Federal University)

Abstract

Economic security, both at the national and regional levels, should be ensured by high-quality institutions that allow reducing the uncertainty of the environment and have mechanisms for the specification and protection of property rights. To assess the quality of institutions at the macrolevel, today there are many indices making it possible to compile a rough picture of the effectiveness of the institutional environment and institutional agreements in Russia. To date, there are no generally accepted methods that allow measuring individual institutions, including in the context of these mechanisms. However, many studies are reduced to assessing the quality of institutions through proxy indicators, which can only reflect approximate trends in the development of economic systems and economic security. At regional level, an institutional assessment of economic security can be made through the prism of mechanisms for the specification and protection of property rights, which are the main institutional tool for reducing risks and threats to economic security, both in the region and at the macrolevel. This paper proposes using indicators of the quality of the judicial system as one of the possible indicators of the provision of protection mechanisms and the specification of property rights.

Suggested Citation

  • Irina Ferova & Ekaterina Tanenkova & Svetlana Kozlova, 2023. "Institutional Aspect of Assessing the Impact of Property Rights Protection on Economic Security," Springer Proceedings in Business and Economics, in: Vikas Kumar & Evgeny Kuzmin & Wei-Bin Zhang & Yuliya Lavrikova (ed.), Consequences of Social Transformation for Economic Theory, pages 149-167, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-27785-6_11
    DOI: 10.1007/978-3-031-27785-6_11
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    More about this item

    Keywords

    Economic security; Institutions; Indicators; Property rights;
    All these keywords.

    JEL classification:

    • D0 - Microeconomics - - General
    • D2 - Microeconomics - - Production and Organizations
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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