INSTITUTIONAL FACTORS AND ECONOMIC GROWTH

Abstract

The article deals with economic growth, which is largely determined by the quality of economic institutions. The theoretical-methodological essence and content of economic institutions, the specifics of their formation and functioning in modern conditions, as well as the analysis of the role of economic institutions in the socio-economic system are studied. Institutional factors of economic growth: informal economic institutions, formal economic institutions, judicial system.

Keywords

• economy growing
• factors of the economy growing
• informal economic institutes
• formal economic institutes
• judicial system