Economy models within institutional matrices theory framework

Abstract

The article highlights the results of the theoretical modeling of the economy within the institutional matrices theory framework. The economy is modeled as evolutionary developing structure of interacted market and redistributive institutions. If branches with diminishing returns prevail in the economy, the market institutions are the main, whereas the redistributive institutions are the additional. On the contrary, if the increasing returns branches dominate, the redistributive economic institutions play a framework role, while the market institutions serve as complimentary or additional ones.Возрастающая отдача. Теория институциональных матриц, Х и Y—экономики Возрастающая отдача Теория институциональных матриц Х и Y—экономики