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Institutional foundations for the Organization of the real Economy
https://doi.org/10.32609/0042-8736-2012-11-48-65
Abstract
The article studies theoretical and methodological foundations for the organization of the real economy. It analyzes the forms of market coordination in the real sector — the price mechanism and the hierarchy. The article studies the extent to which the organizational institutions of an advanced market economy are comparable to the organization of the real sector of the Russian economy formed during the last two decades. The most important aspects of the research are the factors of the evolution of the major element of the Russian economy under the market transformation, as well as specific characteristics of corporate governance.
Keywords
institutional analysis,
organization of the real economy,
forms of market coordination,
firm,
transaction costs,
vertical integration,
contractual nature of a firm,
corporate governance
JEL: D22; D24; L21; L23
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Review
For citations:
Deryabina M. Institutional foundations for the Organization of the real Economy. Voprosy Ekonomiki. 2012;(11):48-65. (In Russ.) https://doi.org/10.32609/0042-8736-2012-11-48-65
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