QUALITY OF INSTITUTIONAL ENVIRONMENT AND ECONOMIC COMPETITIVENESS OF RUSSIAN NORTH Cover Image

КАЧЕСТВО ИНСТИТУЦИОНАЛЬНОЙ СРЕДЫ И КОНКУРЕНТОСПОСОБНОСТЬ ЭКОНОМИКИ СЕВЕРА
QUALITY OF INSTITUTIONAL ENVIRONMENT AND ECONOMIC COMPETITIVENESS OF RUSSIAN NORTH

Author(s): V. B. Akulov
Subject(s): Economy
Published by: Петрозаводский государственный университет
Keywords: Competitiveness; economy of the North; globalization; transaction costs; state (quality) of institutional environment

Summary/Abstract: The article establishes a point about possible increase in the economic competitiveness of the Russian North in conditions of globalization and growing role of the institutions. Using empirical data the author proves that the quality of the institutional environment in the regions, bordering on highly developed EU economies, improves beneficially influencing their competitiveness.