BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Institutions and Institutional Resilience: Essence and Role in the Post-War Development of Ukraine’s Economy
Khaustova V. Y., Reshetnyak O. I., Zinchenko V. A.

Khaustova, Viktoriia Ye., Reshetnyak, Olena I., and Zinchenko, Volodymyr A. (2023) “Institutions and Institutional Resilience: Essence and Role in the Post-War Development of Ukraine’s Economy.” Business Inform 11:77–92.
https://doi.org/10.32983/2222-4459-2023-11-77-92

Section: Mechanisms of Regulation of the Economy

Article is written in Ukrainian
Downloads/views: 31

Download article (pdf) -

UDC 330.101

Abstract:
The relevance of the study of institutions on their role in the economy of Ukraine in the conditions of wartime and in view of the post-war reconstruction is of great importance, since the military conflict significantly affects all spheres of life of our country. The aim of the present study is to summarize the theoretical provisions on the essence of institutions and institutional resilience and determine their role in the post-war development of the Ukrainian economy. The article considers the main aspects of institutionalism, which arose on the basis of the research of prominent scientists of the XIX-XX centuries. Various approaches to the definition of the concept of «institution» have been allocated, in particular the normative approach, which considers the institution as a complex set of norms or rules. Different views on the classification of institutions according to key features are presented. Attention is focused on institutional resilience as an important classification feature of institutions in the post-war period. The importance of creating resilient institutions for rapid economic recovery is emphasized and the issue of ensuring their institutional resilience is formulated. According to OECD research, institutions that have worked effectively in a stable period may not be able to withstand a crisis. Several practical directions for the creation of resilient institutions are proposed on the basis of practical examples of their implementation in the countries that need post-crisis revival, in particular, the use of internal sources of resilience, positive experience, local norms and values, social capital, etc. It is highlighted that the resilience of institutions can be achieved through internal efforts, adaptation and local experience. The importance of this approach for the development of sustainable institutions capable of withstanding crises and maintaining functionality is specified. The opinion is expressed that in the post-war period it will be important for Ukraine to determine the factors of resilience of institutions for the effective recovery and development of the country.

Keywords: institution, institutionalism, resilience, institutional environment, classification of institutions, institutional resilience, post-crisis recovery.

Fig.: 1. Tabl.: 2. Bibl.: 60.

Khaustova Viktoriia Ye. – Doctor of Sciences (Economics), Professor, Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]
Reshetnyak Olena I. – Doctor of Sciences (Economics), Associate Professor, Head of, Sector of Industrial Policy and Innovative Development of the Department of Industrial Policy and Energy Security, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]
Zinchenko Volodymyr A. – Doctor of Sciences (Economics), Senior Research Fellow, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]

List of references in article

Kyzym, M. O., Khaustova, V. Ye., and Reshetniak, O. I. “Sutnist i metodychni pidkhody do otsinky ekonomichnoho potentsialu krain svitu yak osnovy formuvannia yikh voiennoi mohutnosti“ [The Essence of and the Methodical Approaches to Assessing the World Countries' Economic Potential as the Basis for the Formation of Their Military Power]. Biznes Inform, no. 12 (2022): 17-28. DOI: https://doi.org/10.32983/2222-4459-2022-12-17-28
Anderson, C., and De Tollenaere, M. “Supporting institutional resilience“. OECD. https://www.oecd-ilibrary.org/sites/5f8f7af9-en/index.html?itemId=/content/component/5f8f7af9-en
North, D. C. “Institutions, institutional change and economic performance. Political Economy of Institutions and Decisions“. Cambridge University Press, 1990. https://jonnyphillips.github.io/FLS6415/Class_2/North%201990.pdf
Hodgson, G. “Institution' by Walton H. Hamilton“. Journal of Institutional Economics, vol. 1, no. 2 (2005): 233-244. DOI: https://doi.org/10.1017/S1744137405210202
Hodgson, G. M. “What Are Institutions?“ Journal of Economic Issues, vol. 40, no. 1 (2006). DOI: https://doi.org/10.1080/00213624.2006.11506879
Hamilton, W. H. “The Institutional Approach to Economic Theory“. The American Economic Review. 1919. https://www.jstor.org/stable/1814009
Whalen, C. J., and John, R. “Commons's Institutional Economics: A Re-Examination“. Journal of Economic Issues, vol. 23, no. 2 (1989): 443-454. DOI: https://doi.org/10.1080/00213624.1989.11504910
Veblen, Th. The Instinct of Workmanship, and the State of the Industrial Arts. New York: Routledge, 1990.
Commons, J. R. “Institutional Economics; Its Place in Political Economy“. American Economic Review, vol. 21 (1931): 648-657.
Boettke, P. J., Coyne, Ch. J., and Leeson, P. T. “Institutional Stickiness and the New Development Economics“. The American Journal of Economics and Sociology, vol. 67, no. 2 (2008): 331-358. DOI: https://doi.org/10.1111/j.1536-7150.2008.00573.x
Delbridge, R., Hauptmeier, M., and Sengupta, S. “Beyond the enterprise: Broadening the horizons of International HRM“. Human Relations, vol. 64, no. 4 (2011): 483-505. DOI: https://doi.org/10.1177/001872671039638
Feige, E. L. “Defining and Estimating Underground and Informal Economies: The New Institutional Economics Approach“. World Development, vol. 18, no. 7 (1990): 989-1002. DOI: https://doi.org/10.1016/0305-750X(90)90081-8
Williamson, O. E. “The New Institutional Economics: Taking Stocks, Looking Ahead“. Journal of Economic Literature, vol. 38, no. 3 (2000): 595-613. DOI: https://doi.org/10.1257/jel.38.3.595
Papageorgiou, Th., Katselidis, I., and Michaelides, P. G. “Schumpeter, Commons, and Veblen on Institutions“. American Journal of Economics and Sociology, vol. 72, no. 5 (2013): 1232-1254. DOI: https://doi.org/10.1111/ajes.12042
Khodzhson, Dzh. “Chto takoye instituty“ [What Are Institutions]. Voprosy ekonomiki, no. 8 (2007): 28-48.
Turen, A. Povernennia diievtsia [Return of the Subject]. Kyiv: Alterpres, 2003.
Shyian, A. A. “Klasyfikatsiia ekonomichnykh instytutiv: teoriia ta zastosuvannia do ekonomichnykh naslidkiv instytutiv pretsedentnoho ta kontynentalnoho prava“ [Classification of Economic Institutions: Theory and Application to Economic Consequences of Precedent and Continental Law Institutions]. Visnyk Vinnytskoho politekhnichnoho instytutu. 2010. https://ir.lib.vntu.edu.ua/bitstream/handle/123456789/6112/1676.pdf?sequence=3
Haidai, T. V. “Vplyv suchasnoi instytutsionalnoi teorii na rozvytok ekonomichnoi nauky“ [The Influence of Modern Institutional Theory on the Development of Economic Science]. Ekonomichna teoriia, no. 2 (2004): 92-107.
Heiets, V. M. “Instytutsiini peretvorennia i suspilnyi rozvytok“ [Institutional Transformations and Social Development]. Ekonomika i prohnozuvannia. 2005. http://eip.org.ua/docs/EP_05_2_09_uk.pdf
Yaremenko, O. L. “Mekhanizm instytutsiinykh zmin“ [Mechanism of Institutional Changes]. Ekonomichna teoriia. 2006. http://etet.org.ua/docs/ET_06_1_03_uk.pdf
Bazylevych, V. D., and Maslov, A. O. “Instytutsiina arkhitektonika: filosofiia i metodolohiia bahatoaspektnoho doslidzhennia“ [Institutional Architecture: Philosophy and Methodology of Multi-aspect Research]. Instytutsiina arkhitektonika ta mekhanizmy ekonomichnoho rozvytku. Kharkiv: KhNU, 2005. 32-42.
Mochernyi, S. V. Ekonomichnyi entsyklopedychnyi slovnyk [Economic Encyclopedic Dictionary], vol. 1. Lviv: Svit, 2005.
Pavlov, V. I., Zaremba, V. M., and Fesina, Yu. H. Instytuty ta instytutsii ahrarnoho pryrodokorystuvannia: rehionalnyi vymir [Institutes and Institutions of Agrarian Nature Management: Regional Dimension]. Lutsk: Nadstyria, 2008.
Povoroznyk, V. O. “Instytutsiini zminy v umovakh transformatsiinoi ekonomiky Ukrainy“ [Institutional Changes in the Conditions of the Transformational Economy of Ukraine]: avtoref. dys. … kand.. ekon. nauk : 08.01.01, 2006.
Popov, V., and Prutska, O. “Instytutsionalna skladova transformatsiinykh protsesiv v ekonomitsi“ [Institutional Component of Transformational Processes in the Economy]. Visnyk Kyivskoho natsionalnoho torhovelno-ekonomichnoho universytetu, no. 1 (2003): 13-18.
Havryliuk, O. V. “Tendentsii antykryzovoi modernizatsii instytutsionalnoi struktury mizhnarodnykh finansiv“ [Trends of Anti-Crisis Institutional Modernization of the International Finance Structure]. Finansy Ukrainy. 2016. https://finukr.org.ua/docs/FU_16_02_007_uk.pdf
Pustoviit, R. “Instytutsionalna teoriia ta ekonomichnyi rozvytok: henezys i suchasnist“ [Institutional Theory and Economic Development: Genesis and Modernity]. Visnyk Kyivskoho natsionalnoho torhovelno-ekonomichnoho universytetu, no. 2 (2003): 26-33.
Khaustova, V. Ye. “Promyslova polityka v Ukraini: formuvannia ta prohnozuvannia“ [Industrial Policy in Ukraine: Formation and Forecasting]. Kharkiv : VD «INZhEK», 2015. https://ndc-ipr.org/media/ndc_old/documents/projects_and_analytics/PromPolituka.pdf
Matiushenko, I. Yu., Khaustova, V. Ye., and Kniaziev, S. I. “Instytutsiina pidtrymka naukovo-innovatsiinoho rozvytku pry formuvanni yedynoho doslidnytskoho prostoru v krainakh YeS i Ukraini“ [Institutional Support of Innovative R&D in the Formation of Single Research Area in the EU and Ukraine]. Nauka ta innovatsii, vol. 2, no. 13 (2017): 5-26. DOI: https://doi.org/10.15407/scin13.02.005
“Adaptatsiinyi potentsial zabezpechennia stiikoho funktsionuvannia realnoho sektora ekonomiky Ukrainy v umovakh hlobalnoi nestabilnosti“ [The Adaptation Potential of Ensuring Sustainable Functioning of the Real Sector of the Economy of Ukraine in Conditions of Global Instability]. Kharkiv : FOP Liburkina L. M., 2021. https://ndc-ipr.org/media/publications/files/Адаптаційний_потенціал_монографія.pdf
Mandybura, V. O. “Instytutsiina arkhitektonika vlasnosti ta zakonomirnosti yii funktsionuvannia“ [Institutional Architecture of Property and Regularities of Its Functioning]. Instytutsiina arkhitektonika ta mekhanizmy ekonomichnoho rozvytku. Kharkiv: KhNU, 2005. 110-116.
Karmazina, M., and Shurbovana, O. “«Instytut» ta «instytutsiia»: problema rozriznennia poniat“ ["Institute" and "Institution": The Problem of Distinguishing Concepts]. Politychnyi menedzhment. 2006. https://ipiend.gov.ua/wp-content/uploads/2018/07/karmazina_instytut-2.pdf
Hrytsenko, V. V. “Sutnist i katehorialna vidminnist poniat «instytut» ta «instytutsiia»“ [The Essence and Categorical Difference of the Concepts "Institute" and "Institution"]. http://www.nbuv.gov.ua/old_jrn/Soc_Gum/Vdnuet/econ/2009_4/6.pdf
Gritsenko, A. “Nauka i iskusstvo institutsionalnogo stroitelstva“ [The Science and Art of Institution Building]. Instytutsiina arkhitektonika ta mekhanizmy ekonomichnoho rozvytku. Kharkiv: KhNU, 2005. 20-31.
Kleyner, G. B. Evolyutsiya institutsionalnykh sistem [Evolution of Institutional Systems]. Moscow: Nauka, 2004.
Stryzhak, O. O. “Poniattia instytutu: osnovni pidkhody do vyznachennia suti ta zmistu“ [Concept of Institute: Basic Approaches to Definition of Essence and Content]. Ekonomika ta derzhava. 2016. http://www.economy.in.ua/pdf/8_2016/8.pdf
Azizova, E. D. et al. Slovar-spravochnik ekonomista po trudu i chelovecheskim resursam [Dictionary-reference Book for Economists on Labor and Human Resources]. Baku, 2009.
“Sutnist derzhavnoho upravlinnia ekonomikoiu“ [The Essence of State Management of the Economy]. Ukraina - tse my! https://we.org.ua/ekonomika/sutnist-derzhavnogo-upravlinnya-ekonomikoyu/
Karpiuk, K. I. “Klasyfikatsiia finansovykh instytutiv ta yikh mistse v ekonomichnykh systemakh“ [Classification of Financial Institutions and Their Place in Economic Systems]. Naukovi zapysky Lvivskoho universytetu biznesu ta prava. Seriia ekonomichna. Seriia yurydychna, no. 29 (2021): 230-237. DOI: http://dx.doi.org/10.5281/zenodo.5808995
Lytvynenko, N. I. Instytutsionalni skladovi sotsialno-ekonomichnoho rozvytku krainy [Institutional Components of the Socio-economic Development of the Country]. Dnipropetrovsk: NHU, 2015.
Sukhorukova, M. O., and Ped, I. V. “Proiavy hlobalnoi instytutsionalizatsii fiskalnoi polityky u svitovii systemi hospodarstva“ [Exhibiting of Global Institutionalization in Fiscal Policy in the International Economy]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia «Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo». 2016. https://dspace.uzhnu.edu.ua/jspui/bitstream/lib/12127/1/ПРОЯВИ%20ГЛОБАЛЬНОЇ%20ІНСТИТУЦІОНАЛІЗАЦІЇ%20ФІСКАЛЬНОЇ%20ПОЛІТИКИ.pdf
Radionov, Yu. D. “Instytuty ta yikh rol u rozvytku natsionalnoi ekonomiky“ [The Institutions and Their Role in National Economic Development]. Investytsii: praktyka ta dosvid. 2017. http://www.investplan.com.ua/pdf/3_2017/6.pdf
Hbur, Z. V. “Instytutsiine zabezpechennia ekonomichnoi bezpeky Ukrainy“ [Institutional Support of Economic Security of Ukraine]. Investytsii: praktyka ta dosvid. 2018. http://www.investplan.com.ua/pdf/3_2018/22.pdf
Stryzhak, O. O. “Dykhotomiia formalnykh ta neformalnykh instytutiv“ [Dichotomy of Formal and Informal Institutions]. Ekonomika i suspilstvo. 2016. https://economyandsociety.in.ua/journals/5_ukr/4.pdf
Adzhemohlu, D., and Robinson, Dzh. Chomu natsii zanepadaiut. Pokhodzhennia vlady, bahatstva ta bidnosti [Why Nations Decline. The Origin of Power, Wealth and Poverty]. Kyiv: Nash format, 2017.
Palyha, Ye. M., and Bazyliuk, V. B. “Suchasni pidkhody do klasyfikatsii instytutiv“ [Modern Approaches to Classification of Institutions]. Naukovi zapysky. 2016. http://nz.uad.lviv.ua/static/media/2-53/18.pdf
“Instytutsionalizm“ [Institutionalism]. https://uk.wikipedia.org/wiki/Інституціоналізм
Khaustova, V. Ye., and Omarov, Sh. A. “Kontseptsiia staloho rozvytku yak paradyhma rozvytku suspilstva“ [The Concept of Sustainable Development as a Paradigm of Development of Sosiety]. Problemy ekonomiky. 2018. https://www.problecon.com/export_pdf/problems-of-economy-2018-1_0-pages-265_273.pdf
Simutin, V. V. “Instytuty derzhavy yak skladovi elementy mekhanizmu suchasnoi derzhavy“ [State Institutions as an Element of the Mechanism of the Modern State]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia «Pravo». 2014. https://dspace.uzhnu.edu.ua/jspui/bitstream/lib/35094/1/ІНСТИТУТИ%20ДЕРЖАВИ%20ЯК%20СКЛАДОВІ%20ЕЛЕМЕНТИ.pdf
Khaustova, V. Ye., and Heyman, O. A. “Nelineynyy podkhod k izucheniyu ekonomiki“ [A Nonlinear Approach to Studying Economics]. Biznes Inform, no. 2 (2006): 195-201.
Khaustova, V. Ye., and Reshetniak, O. I. “Rezylientnist ekonomiky: sutnist i vyklyky dlia Ukrainy“ [Resilience of Economy: Its Essence and Challenges for Ukraine]. Biznes Inform, no. 7 (2023): 30-41. DOI: https://doi.org/10.32983/2222-4459-2023-7-30-41
Gherghina, S., Volintiru, C., and Sigurjonsson, T. “Making a difference: the effects of institutional resilience in society during COVID-19“. European Political Science, vol. 22 (2023): 426-435. DOI: https://doi.org/10.1057/s41304-022-00380-y
“Building Urban Resilience: An Evaluation of the World Bank Group's Evolving Experience (2007-2017)“. Independent Evaluation Group, World Bank, Washington, DC, 2019. https://openknowledge.worldbank.org/server/api/core/bitstreams/ae3ac895-fa6c-525f-a4b8-f990a3981985/content
Aligicia, P., and Tarko, V. “Institutional resilience and economic systems: Lessons from Elinor Ostrom's work“. Comparative Economic Studies, vol. 56 (2014): 52-76. DOI: https://doi.org/10.1057/ces.2013.29
Adger, W. “Vulnerability“. Global Environmental Change, vol. 16, no. 3 (2006): 268-281. DOI: https://doi.org/10.1016/j.gloenvcha.2006.02.006
Ostrom, E. Understanding Institutional Diversity. New Jersey: Princeton University Press, 2005.
Andrews, M., Pritchett, L., and Woolcock, M. Building State Capability: Evidence, Analysis, Action. Oxford University Press, 2017.
Barma, N., Huybens, E., and Vinuela, L. Institutions Taking Root: Building State Capacity in Challenging Contexts. Washington, DC: World Bank Group, 2014. DOI: https://doi.org/10.1596/978-1-4648-0269-0
Harkes, I., and Novaczek, I. “Institutional resilience of 'sasi laut', a fisheries management system in Indonesia (draft)“. Constituting the Commons: Crafting Sustainable Commons in the New Millennium. 2000. http://dlc.dlib.indiana.edu/dlc/bitstream/handle/10535/2314/harkesi041000.pdf?sequence=1&isAllowed=y
Cruz, L. B. et al. “Institutional resilience in extreme operating environments: The role of institutional work“. Business & Society, vol. 55, no. 7 (2016): 970-1016. DOI: https://doi.org/10.1177/0007650314567438

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster