Competitive development of the agricultural sector of the economy: institutional approach

摘要

The article discusses institutional changes taking place in the economy, their role in formation and development of innovative economy. The agricultural sector is more exposed to institutional transformations, restrictions, as it involves the revision of strategic role for market players - the state and businessmen. In terms of the institutional environment there is a selection of the most effective elements which is the result of institutional metacompetition. The rural economy development and performance, its effectiveness, sustainability to a greater extent in comparison with cities depends on the past, on the population, formed cultural traditions and values. This is due to the greater stability and greater role of informal rules in the institutional environment of agriculture, greater conservatism and commitment of the rural population to traditions and customs. The indicators of agricultural production of the economic union participants are analyzed. The aim of the study is to analyze the institutional factors affecting the agricultural sector and the analysis of economic indicators of the economic union members. The main development indicators of agriculture of the Eurasian economic union are considered. The analysis showed that the impact of institutional factors on the effective performance of the agricultural sector is obvious.