INSTITUTIONAL FACTORS OF ECONOMIC GROWTH: IDENTIFICATION, ASSESSMENT AND REVELATION OF NON-LINEARITY OF IMPACT
D.S. Tereshchenko
Petrozavodsk State University, Lenin str., 33, Petrozavodsk, Republic. Karelia, 185000
Keywords: институты, институциональные факторы, экономический рост, J-кривая, institutions, institutional factors, economic growth, J-curve
Abstract
The article suggests the analysis of institutional factors of economic growth. The obtained results include: categorical and conceptual identification and qualitative assessment of institutional factors of economic growth; proof of adequacy and applicability of the non-linear specification of dependence between institutional factors and economic growth; presentation of capabilities of instrumental means by the J-curve for rendering of recommendations in the field of economical reforming.
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