A shift in the prevailing institutional models of the global order:is a new cycle starting?

Svetlana Kirdina
Authors registered in the RePEc Author Service: Светлана Георгиевна Кирдина-Чэндлер

MPRA Paper from University Library of Munich, Germany

Abstract: This paper discusses some theoretical-methodological bases for comparative institutional analysis. First, it shows the specific approach of the Marxian school to analyzing social and economic institutions. Second, it discusses the most general features of the system paradigm in economic theory (Kornai, 1998 [2002]). Third, it presents institutional matrices theory, or IMT (Кирдина, 2001; Kirdina, 2001, 2010, etc.), which develops a Marxian approach together with systemic ideas. This section describes two basic institutional models, so-called X- and Y-institutional matrices. Fourth, it demonstrates that the economic dominance of Y-matrix countries (like the USA and European countries) since the 1970s has gradually decreased and that since 2008 the global GDP share of X-matrix countries (like Russia and China, e.g.) has prevailed and continues to grow.

Keywords: institutions; economic systems; Marxian approach; institutional matrices (search for similar items in EconPapers)
JEL-codes: B20 P50 (search for similar items in EconPapers)
Date: 2012-06
New Economics Papers: this item is included in nep-cis and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in V Forum of Leading Economists from China and Russia, October 24, 2012. (2012): pp. 118-127

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