Effect of the property rights concentration level on the type of mesoeconomy
Abstract
The paper demonstrates that the high level of the property rights concentration in the economy leads to emerging of the mesoeconomy of oligarchy type, which is characterized by domination of conglomerate mesoeconomic structures. The low level of property rights concentration leads to the mesoeconomy with domination of integrated companies. The nowadays Russia has got an oligarchic mesoeconomy, highly unstable and low efficient.
Keywords:
mesoeconomy
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.