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

Irina Ferova (), Ekaterina Tanenkova () and Svetlana Kozlova ()
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Irina Ferova: Siberian Federal University
Ekaterina Tanenkova: Siberian Federal University
Svetlana Kozlova: Siberian Federal University

A chapter in Consequences of Social Transformation for Economic Theory, 2023, pp 149-167 from Springer

Abstract: 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.

Keywords: Economic security; Institutions; Indicators; Property rights (search for similar items in EconPapers)
JEL-codes: D0 D2 D9 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-3-031-27785-6_11

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