Empirical Institutional Mapping of the Russian Metallurgy
In: Moscow University Economics Bulletin, Volume 2017, Issue 4, p. 73-99
The article presents to an assessment of the institutional complexity level of the industry markets on the example of seven Russian metallurgical industries. The author specifies the system of institutional interaction in the industry markets. The research methodology bases on the construction of an industry markets institutional map, which is a system of two projections: the complexity level of the industry market institutions and the complexity level of industrial market institutional environment. The result of the paper is the empirical institutional mapping for the seven metallurgical industries in the fact and with the adjustment for stability. The institutional map visualizes high complexity level in all metallurgical industries, but this fact is due to various reasons. Our research can be interesting for updating of the enterprises strategy, and for the choice of an industrial policy.