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BUSINESS INFORM №7-2014

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1

Section: Economic Theory
UDC 330.101
Lozynska T. M.
On a Problem of Using the Terms “Institute” and “Institution” in the Context of Institutional Analysis (p. 8 - 13)
Considering the later increase of using the theory of institutionalism by local scientists, as well as certain methodological gaps in regard to the forming of categorical apparatus and carrying out the institutional analysis, the goal of the article is to compare specific approaches to the explanation of social and economic content of the term “institute” and to prove the impossibility of institutional analysis in the agrarian sphere. The article shows the unreasonableness of using the terms “institute” and “institution” to indicate the form of social interactions basing on the set of formal and informal restrictions, mechanisms of observing the established standards and respective structural and functional base. For this purpose is better to apply the term “institute” since it is more widely used. As a result, the article indicates that, considering the uniformity of organizational and functional base of institutes, the institutional analysis is to be carried out in two directions: from the standpoint of quantitative assessment of the influence of existing regulations on the economic activity (analysis of institutional cover) and from the standpoint of the effectiveness of organizations functioning (analysis of institutional structure). Future studies may be concerned with the development of theoretical provisions in regard to the analysis of institutes and their transformation under the influence of property relations; the study of property relations as a social institute; the analysis of the influence exerted by the institute of property on the allocation of resources in the society; the harmonization of social institutes.
Keywords: institute, institutional analysis, institutional, institutional cover, institutional structure
Bibl.: 16.

Lozynska Tamara M. – Doctor of Sciences (State Administration), Professor, Head of the Department, Department of Management, Poltava State Agrarian Academy (1/3 Skovorody Str., Poltava, 36003, Ukraine)
Email: [email protected]

Reference to this article:
Lozynska, Tamara M. (2014) “On a Problem of Using the Terms “Institute” and “Institution” in the Context of Institutional Analysis.” Business Inform 7:8–13.

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