Institutional hybrids in the Russian economy

Abstract

For the first time in domestic science, the macroeconomic study reported in this paper investigates institutional hybrids with regard to the country-specific features of a particular economy – the Russian ecosystem. Institutional hybrids immanent to the Russian ecosystem, their content and forms of manifestation, which are continuously reproduced and driven by conditions and specificity of the Russian ecosystem, are analyzed. It is concluded that the Russian ecosystem does not comply with the institutional matrix X and does not correspond to the institutional matrix Y, its modern institutional framework largely depends on the existing institutional hybrids.