An institutional framework for economic development in Ukraine.
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Файли
Дата
2017
Автори
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Видавець
Університет імені Альфреда Нобеля
Анотація
The paper discusses the nature and types of institutions, raising the issue of the international
involvement to change them. Also, the work addresses the problem of economic institutions in Ukraine.
In specific, the author addresses the property rights as a bundle of rights, suggesting the necessary
preconditions for their effective exercising. Also, the paper deals with the current state of property
rights in Ukraine, illustrating its main deficiencies. Finally, a brief perspective onto the privatization of
enterprises in Ukraine is presented.
Опис
The economic growth is often measured in quantitative
terms like GDP, exports and imports dynamics, unemployment, inflation, etc. At the
same time, there is another term that may be
as equally if not more, considered to measure
changes in the economy. It is the economic
development. While the former quantifies the
picture, the development also includes qualitative changes and more holistic indicators
like the standard of living and the institutional maturity, which lay the ground for the current work. The institutional framework substantially defines the ‘rules of the game’ and
may either promote or hinder the economic
development of a country and eventually affect its quantitative indicators. The notion of
institutions has no single definition; neither
has a defined subject area. Therefore, this article zooms in into the nature of institutions,
their kinds, and applicability from different
perspectives and fields. We will pay closer
attention to property rights and their applicability in Ukraine. As a case study, we will
consider the privatization of state enterprises
in Ukraine.
Ключові слова
institutions, types of institutions, property rights, security of property, privatization in Ukraine.