Abstract

The article describes the methodological analysis of the evolutionary development of the conceptual foundations of the inefficient institutions' study based on the analysis of the scientific achievements of institutional economic theory representatives within the framework of research programs of traditional and new institutionalism. The difference between the terms inefficient institutions and institutional dysfunctions are shown. It was established that the methodological foundation of the inefficient institutions' analysis was laid by representatives of traditional institutionalism, but the flourishing of research occurred only after the formation of a new analytical apparatus. The author separately described the content of scientific approaches to the analysis of inefficient institutions and noted the creators of these concepts using the example of the lock-in effect, path dependence, qwerty effects and institutional traps. Current thematic areas of research on inefficient institutions are systematized, among which global inefficient institutions, extractive states, problems of transition economies and convergent-divergent development of economic systems are distinguished. It is proven that the dominant scientific problem is the differentiation of the economic development of different countries, the variability of the implementation of institutional changes and the role of inefficient institutions in this process. The author emphasizes that the assessment of the negative impact of institutions within the framework of modern research is only indicative. This theoretical limitation also applies to institutional analysis in general and is one of the scientific problems within the framework of institutionalism, as it is an obstacle to assessing the impact of the institutional environment on economic development, and the effectiveness of implemented or planned socio-economic transformations. Further scientific development requires the identification and specification of causal factors of global institutional imbalances, and insufficient social and economic effectiveness of institutional transformation, without which effective correction of its further strategy and tactics is impossible.

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