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The editorial board of the "MSTU Vestnik" journal supports the «Open Access» policy which enables users to have free and unlimited access to scientific articles (to read, download, copy, distribute) in case the author is indicated when further quoted.

The academic periodical "Vestnik of MSTU" is available under the license Creative Commons «Attribution» (Attribution) 3.0 Unported (CC BY 3.0).

Akulov V.B.

Competitiveness of economy of North: Role of institutional environment

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Abstract. The paper justifies the statement that in the modern context (globalization and growing role of institutions) competitiveness of economy of North might increase. Using data the author has proved that the quality of institutional environment of the regions bordering with highly developed EU economies does improve and has a positive impact on their competitiveness.

Keywords: competitiveness, economy of North, globalization, transaction costs, state (quality) of institutional environment

Printed reference: Akulov V.B. Competitiveness of economy of North: Role of institutional environment // Vestnik of MSTU. 2013. V. 16, No 2. P. 215-218.

Electronic reference: Akulov V.B. Competitiveness of economy of North: Role of institutional environment // Vestnik of MSTU. 2013. V. 16, No 2. P. 215-218. URL: http://vestnik.mstu.edu.ru/v16_2_n52/215_218_akulov.pdf.

(In Russian, p.4, ref 8, Adobe PDF)