The impact of monetary policy regimes on economic development: results of an in-house economic experiment
The article analyzes the approaches to understanding the term “economic policies”. The author proceeds from the fact that the state acts as a specific economic agent and, as such, on the one, is eligible to develop formal institutions of the national economy, and on the other hand, it itself is one of the elements ...
Clusters in the institutional perspective: on the theory and methodology of local socioeconomic development
... systems with fuzzy boundaries that stimulate the development of these systems. The author analyses the influence of the inductive approach to the formation of cluster theory and juxtaposes different typologies of clusters and other types of localized economic systems. The article offers an overview of the existing methodological approaches to the problem of cluster identification and emphasises the major role of institutional dimension in the identification (and functioning) of clusters, especially ...