BUSINESS INFORM №6-2015

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Section: Economic Theory
UDC 330.341:330.837
Lytvynenko N. I.
Structure of Institutional Environment of Economic System, Relationship between the Elements (p. 8 - 15)
The article is aimed to examine the relationship between the norms, constituting the institutional environment of the country's economic system, making use of economic-mathematical methods. Based on theoretical analysis, a system of indicators for quantitative assessment of the norms, such as freedom, tolerance, trust, rent-oriented and legal behavior, has been formed. The study has determined linkages between the norms that constitute the institutional environment of the economic system, as well as their direction and strength. In addition, it has been revealed that the number of active connections depends on the level of socio-economic development of the country. The relationship between the norms and the values, which are dominant in the society, has been explored as well. The obtained results can be used for further analysis of interrelationships between the norms and the dominant values. Further empirical research will identify the extent to which elements of the institutional environment cause influence on each other and on economic system of the country in a whole.
Keywords: institutional environment, quantification of norms, relationship between norms
Tabl.: 6. Bibl.: 17.

Lytvynenko Nataliia I. – Doctor of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic Theory and International Economic Relations, National Mining University (19 D. Yavornytskyi Ave., Dnіpro, 49027, Ukraine)
Email: [email protected]

Article is written in Ukrainan
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Reference to this article:
Lytvynenko, Nataliia I. (2015) “Structure of Institutional Environment of Economic System, Relationship between the Elements.” Business Inform 6:8–15.

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