Institutional Changes and Their Impact on Agricultural Economics in Russia in 1952–2018

Abstract

The paper analyzes the impact of institutional changes on the dynamics of economic growth in Russian agriculture. The authors identified six specific periods of the development of Russian agriculture (1952–1958; 1959–1970; 1971–1981; 1982–1990; 1991–1998; 1999–present), associated with qualitative changes in institutions and affecting the economic dynamics of the industry. The violation in combining dominant and complementary institutions throughout the studied period is considered as the main mistake in building an institutional environment that causes stagnation and a decline in agriculture. The necessary changes are highlighted in the existing institutes of market and state regulation in Russia, which allow achieving sustainable economic growth in the agricultural sector.