COEVOLUTION OF DEVELOPMENT: ECONOMICS, FINANCE, INSTITUTES

Abstract

Introduction. Modern conditions of the economic systems development are characterized by the growth of interdependencies at different aggregation levels and different types of relationships, their interconnection and increasing complexity of economic processes. These features predetermine the need of the complexity of research of causal relationships of economic systems development. Purpose. The article aims to justify the co-evolutionary dynamics of financial, institutional and economic development processes. Results. The study has identified the concept of co-evolution, financial, economic and institutional development. The interaction channels and propagation of corresponding dynamics impulses have been described. The causal relationships between different aspects of development processes have been revealed. The necessity of implementation of institutional reforms taking into account co-evolutionary connections of development processes has been substantiated.