Managing institutional dynamics: generalisation of modern approaches

Mazur Olena Ye. ()
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Mazur Olena Ye.: Odessa I. I. Mechnikov National University

The Problems of Economy, 2013, issue 3, 254_260

Abstract: The article presents a critical analysis and systematisation of modern approaches to state management of development of institutional structures. It identifies the most popular approaches to management of institutional dynamics: implantations or shock therapy, import (transplantation) and its modifications (institutional experimenting and building intermediary institutions), growing institutions and modification (elevation and cultivation) and influence upon external factors of institution development. The article builds structural and logical schemes to each approach and identifies main shortcomings and restrictions of their application. It justifies prospectiveness and universality of the theory of priority of external factors in re-formation of socio-economic institutions. It offers a direction of further scientific studies on development of a specific methodology of re-formation of a specific institution on the basis of a selected and justified common strategy.

Keywords: institution; institutional dynamics; institutional development; transplantation of institutions; strategy; external factor (search for similar items in EconPapers)
Date: 2013
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