INSTITUTIONAL PREMISES OF SOCIAL AND ECONOMIC SYSTEMS’ EVOLUTIONARY TRANSFORMATIONS
Journal Title: Вісник Одеського національного університету. Економіка. - Year 2016, Vol 21, Issue 8
Abstract
Presented the essential differences of evolutionary and revolutionary changes in the structure of economic systems. On the basis of the institutional approach suggested the author's definition of the economic system. It is determined that the efficiency of the institutional transformation of economic systems, the specificity of their functioning and competitiveness in the global economic space largely depends on the level of transaction costs of participants in the course of their interactions.
Authors and Affiliations
O. Yu. Sydorovych
Keywords
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