Economic Essence of Infrastructure

Oleksiy Kalivoshko ()
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Oleksiy Kalivoshko: National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine

Oblik i finansi, 2017, issue 4, 139-146

Abstract: The purpose of the article is the study of the economic essence of infrastructure and systematization of scientific approaches to understanding the concept of 'infrastructure'. The approaches of scientists to the interpretation of the infrastructure essence were systematized. In particular, the six directions of interpretation of the infrastructure essence were distinguished: functional-basic, institutional, block-aggregation, service-auxiliary, composite, structural. The existence of these directions is due to differences in the interpretation of the components and functions of infrastructure by scientists. According to the author's opinion, infrastructure is the organic unity of institutions, mechanisms and instruments that ensure the effective functioning and development of the economic system. The analysis of the basic functions of the infrastructure was carried out. It was determined that the infrastructure performs two basic functions: functional – the creation of general conditions for the operation of elements and the development of the economic system; controlling and regulating – external (state institutions) and internal (owners and administration) control and regulation of the elements of economic system to improve the effectiveness of their activities.

Keywords: infrastructure; market; services sector; economic institutions; functions of infrastructure (search for similar items in EconPapers)
JEL-codes: B41 H54 P00 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:iaf:journl:y:2017:i:4:p:139-146

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