The economy’s oligarchization index as a factor of economic and political institutions’ quality in the post-socialist countries of Europe Cover Image

Індекс олігархізації економіки як чинник якості економічних і політичних інститутів у постсоціалістичних країнах європи
The economy’s oligarchization index as a factor of economic and political institutions’ quality in the post-socialist countries of Europe

Author(s): O.Z. Vatamaniuk
Subject(s): National Economy, Economic history, Political economy, Transformation Period (1990 - 2010)
Published by: Національний юридичний університет імені Ярослава Мудрого
Keywords: post-socialist countries; market reforms; transition progress index; “state capture”; economy’s oligarchization index; institutions; institutions’ quality indicators;

Summary/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.

  • Issue Year: 1/2022
  • Issue No: 48
  • Page Range: 8-28
  • Page Count: 21
  • Language: Ukrainian