IMPROVEMENT OF RENT RELATIONS AS A FACTOR OF INCREASING THEENERGY EFFICIENCY OF UKRAINIAN ECONOMY
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 7, Issue 160
Abstract
The article highlights the features of the institutional approach in the study of rent relations in a market economy. On the basis of the institutional concept of "rent seeking" the author reveals the dualism of rent-seeking behavior of economic agents in post-communist economies. The main factors affecting the intensity and extent of rent-seeking in these countries include their genetic heritage and institutional imbalance associated with controversial interaction of social and economic routines and innovations. It is concluded that the consequence of the formation of "rental economy" in the former socialist camp is the reduction of the global competitiveness of national economies. The author analyzes the dynamics of the Global Competitiveness Index of Ukraine for the period of 2006-2014 and identifies the main factors of low competitiveness of the national economy related to the search of status-oriented administrative and political rents. These factors include: excessive bureaucratization of the economy, low credibility of politicians, poor performance of law enforcement agencies and courts, violations of material and intellectual property rights, significant amount of corruption and bribery. The article substantiates the main directions of improving the competitiveness of the national economy that are focused on the normative regulation of "rent-seeking" in order to prevent counter-productive rent-seeking behavior and to stimulate productive rent-oriented behavior of economic agents while maintaining the balance of interests between them.
Authors and Affiliations
Anna Grazhevska
Keywords
Related Articles
- EP ID EP404191
- DOI 10.17721/1728-2667.2014/160-7/4
- Views 45
- Downloads 0
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