INSTITUTIONAL ENVIRONMENT OF RUSSIA: CURRENT STATUS AND TRENDS
This article examines the structure of the modern institutional system of Russia from a position of institutional matrices theory and transaction costs. The possible consequences of WTO accession in terms of impact on the transaction costs of doing business in Russia, as well as the structural balance of the institutional system are evaluated. The author concludes that the most likely path of development of the institutional system of Russia is to further strengthen the role of informal institutions X-type, allowing local entrepreneurs to carry out formal rules with minimal transaction costs.