THE ECONOMY’S OLIGARCHIZATION INDEX AS A FACTOR OF ECONOMIC AND POLITICAL INSTITUTIONS’ QUALITY IN THE POST­SOCIALIST COUNTRIES OF EUROPE

Author
, Doctor of Sciences (Economics), Professor, Professor of Economics Department, Lviv, prospekt Svobody, 18

In heading

 Economic theory;

Signed print

 18.02.2022

Issues number

 2022-№1 (48)

Page

 8-28

Type of articles

 Scientific article

Code UDK

 330.342:330.837

ISSN print

 2411-5584

Abstract

 The delay with efficient market reforms implemented in several post-socialist countries has led to the so-called “state capture” and the formation of an oligarchic economy. An original approach to measuring the level of the economy’s oligarchization in post-socialist countries is proposed. It is shown that the oligarchization index can have a significant negative impact on the quality of economic and political institutions in these countries.

Keywords

 post-socialist countries, market reforms, transition progress index, “state capture”, economy’s oligarchization index, institutions, institutions’ quality indicators

Reviewer

External reviewer

Article in PDF

 Economic Theory and Law, 2022-1-8-28

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Code DOI

 10.31359/2411-5584-2022-48-1-8

19.05.2022