ESSENCE AND CHARACTERISTIC OF INSTITUTIONAL TRANSFORMATIONS AND INSTITUTIONAL CHANGES

Abstract

The structure of the national model of social and economic development is considered in the composition of types and subtypes of the economic system, taking into account the types of macroeconomic policy and the sector of the national economy, the nature of institutional transformations and institutional changes in the national economy is described, types of modern transformations or choice of alternative development options are identified. The difference between institutional changes and institutional transformations is revealed, namely institutional transformations and institutional changes are associated with the replacement of institutions, but it is the result of the former that the institutions that predetermine the functioning of the main components (predetermining attributes) of the economic system are replaced. It has been established that as a result of institutional transformations, changes take place in the system-forming institutions that predetermine the nature and characteristics of social and economic development. The transformations that took place or are potentially possible are determined in the context of the problem of managing the socio-economic development of the Republic of Crimea. It is determined that in the case of institutional transformations, there is necessarily a specific bifurcation point, characterized by the occurrence of a certain event or group of events, and is the starting platform for a specific institutional transformation. A scheme of various variants (scenarios) of the passage of the bifurcation point in the process of development of the national economy under the influence of external and internal factors is constructed, and changes in the states of development of the national economy during the passage of the bifurcation point are determined. The internal critical instability of the current state of development of the national economy has been studied. It is determined that institutional changes without the flow of institutional transformations represent a combination of the replacement of institutions in certain areas or spheres of socio-economic development. At the same time, the bifurcation point is absolutely not an obligatory condition, as a result of which institutional changes can take place constantly, thus constantly modernizing the institutional environment, taking into account new agreements, decision-making features and many other factors.