LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORY
The subject of the study is the long-wave dynamics due to the impact of scientific and technological progress and examined from the standpoint of institutional economics. The goal of the paper is identification of the features of the long-wave dynamics phases from the standpoint of technological, in...
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Publishing House of the State University of Management
2020-04-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2084 |
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| author | B. A. Yerznkyan |
| author_facet | B. A. Yerznkyan |
| author_sort | B. A. Yerznkyan |
| collection | DOAJ |
| description | The subject of the study is the long-wave dynamics due to the impact of scientific and technological progress and examined from the standpoint of institutional economics. The goal of the paper is identification of the features of the long-wave dynamics phases from the standpoint of technological, institutional and world-wide structures. Analytical and logical methods of institutional analysis have been used. The need of correcting the long-wave dynamics notions, caused as by objective changes of economic development as well as by the evolving nature of institutional theory has been identified. The results can be used by executive power authorities relating to strategic management of the development and connecting with the design of social and economic institutions that support self-organization and sustainable functioning of ecosystems. It has been proved that the development of economic systems depends on the relevant selection of technological, institutional and world-wide economic structures and ways of managing them. It has been shown that intra-firm transactions are based on the implicit ternary contracts, market with the mediators on the explicit ternary contracts, market without mediators on the explicit binary contracts, and the network transactions in ecosystems are based on the implicit binary contracts. |
| format | Article |
| id | doaj-art-dba7b00c166143df9a8aba6be9cd5fc0 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2020-04-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-dba7b00c166143df9a8aba6be9cd5fc02025-02-04T08:28:03ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-04-010212012510.26425/1816-4277-2020-2-120-1251639LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORYB. A. Yerznkyan0Central Economics and Mathematics Institute Russian Academy of Sciences; State University of ManagementThe subject of the study is the long-wave dynamics due to the impact of scientific and technological progress and examined from the standpoint of institutional economics. The goal of the paper is identification of the features of the long-wave dynamics phases from the standpoint of technological, institutional and world-wide structures. Analytical and logical methods of institutional analysis have been used. The need of correcting the long-wave dynamics notions, caused as by objective changes of economic development as well as by the evolving nature of institutional theory has been identified. The results can be used by executive power authorities relating to strategic management of the development and connecting with the design of social and economic institutions that support self-organization and sustainable functioning of ecosystems. It has been proved that the development of economic systems depends on the relevant selection of technological, institutional and world-wide economic structures and ways of managing them. It has been shown that intra-firm transactions are based on the implicit ternary contracts, market with the mediators on the explicit ternary contracts, market without mediators on the explicit binary contracts, and the network transactions in ecosystems are based on the implicit binary contracts.https://vestnik.guu.ru/jour/article/view/2084long-wave dynamicsinstitutional economicsgovernance structuretransactioncontractecosystem |
| spellingShingle | B. A. Yerznkyan LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORY Вестник университета long-wave dynamics institutional economics governance structure transaction contract ecosystem |
| title | LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORY |
| title_full | LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORY |
| title_fullStr | LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORY |
| title_full_unstemmed | LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORY |
| title_short | LONG-WAVE DYNAMICS IN THE CONTEXT OF THE DEVELOPMENT OF INSTITUTIONAL ECONOMIC THEORY |
| title_sort | long wave dynamics in the context of the development of institutional economic theory |
| topic | long-wave dynamics institutional economics governance structure transaction contract ecosystem |
| url | https://vestnik.guu.ru/jour/article/view/2084 |
| work_keys_str_mv | AT bayerznkyan longwavedynamicsinthecontextofthedevelopmentofinstitutionaleconomictheory |