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Институты Догоняющего Развития
[Institutions of Catching-up Development]

Author

Listed:
  • Polterovich, Victor
Abstract
It is shown that the institutional trajectories of catching-up development in successful countries contained similar interim institutions; this similarity is explained by common technological, institutional and cultural constraints that should be taken into account and to overcome. Corporatism, indicative planning, the presence of the "main" development agencies with broad powers, maintaining an undervalued exchange rate - due to these and a number of other mechanisms, countries of economic miracle were able to initiate and maintain rapid growth, despite low level of human capital, underdevelopment of civic culture, and market failures. Institutes of catching-up development contributed to the formation of collaborative relationships between the government, business and society. They softened the existed constraints, and they itself were gradually modified to ensure the transition to modern democracy with effective market economy. The analysis allows to outline а plan of institutional reform , taking into account the institutional particularities of Russia. The principles of the administrative reform are considered. The problem of the formation of a hybrid national planning system is formulated, which includes indicative planning and program budgeting. To finance the planned projects, it is offered a mix of public-private partnership and project financing. It is proposed to use the Japanese experience of stimulating temporary association of companies for the development of modernization projects. The principles of reforming of the state property governance, as well as education and science sectors are discussed.

Suggested Citation

  • Polterovich, Victor, 2016. "Институты Догоняющего Развития [Institutions of Catching-up Development]," MPRA Paper 73447, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:73447
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    interim institution; social values; democratization; indicative planning; national innovation system; imitation; public-private ownership;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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