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Institutional factors of socio-economic systems development

Journal: Economics Bulletin of The National Mining University (Vol.52, No. 52)

Publication Date:

Authors : ; ;

Page : 26-36

Keywords : development of the economic system; the institutional environment; norms; freedom; trust; tolerance; rent-seeking behavior; legal behavior; the Human Development Index;

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Abstract

The results of empirical studies of the relationship between the elements of the institutional environment and the degree of their influence on the socio-economic systems development are presented. «Freedom», «trust», «tolerance», «rent-seeking and legal behavior» are selected as the basic elements of the institutional environment; quantitative measurements of their performance are developed. The results of communication correlation analysis by Pearson’s and Spearman’s criteria for indicators of the institutional environment welfare are shown.

Last modified: 2016-04-19 21:49:08