Impact of institutional factors on cyclic development of complex industrial systems

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Bazyliuk V. B. № 1 (52) 146-151 Image Image

The issue of the definition of principles and criteria for evaluating the impact of institutional factors on the cyclic development of complex industrial systems has been studied. The approach for the evaluation of changes in the institutional environment and structure of complex systems based on the ratio of the dynamics of the cycle (cumulative changes in macroeconomic and institutional indicators) and costs (production and transaction costs) has been developed. The parameters that limit the dynamic economic development and affect the dynamics of economic processes have been defined. The method of results evaluation has been designed that allows drawing conclusions about the success of the passage of the next phase of the cycle.

Keywords: institutional factors, economic development, dynamics of the cycle, production system, assessment, costs.

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