Economic Bulletin of the National Mining University



Issue:2015 №4 (52)
Section:Economic theory
UDK:33. 341 : 330.837
Article language:Ukrainian
Title:Institutional factors of socio-economic systems development
Authors:Pylypenko G. M., Lytvynenko N. I.
Annotation: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. 
Keywords:Development of the economic system, The institutional environment, Norms, Freedom, Trust, Tolerance, Rent-seeking behavior, Legal behavior, The Human Development Index
File of the article:EV20154_026-036.pdf