Economy, finances, management: Topical issues of science and practical activity


Issue №: 3(43)

Published: 2019.08.06
DOI: 10.37128/2411-4413-2019-3

The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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DOI: 10.37128/2411-4413-2019-3-8
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MAZUR Аnatoliy – Doctor of Economic Sciences, Professor, Professor of the Department of Agrarian Management, Vinnytsia National Agrarian University (21008, Vinnytsia, 3 Soniachna Str.).


The article considers urgent issues of regulation of the agricultural production development based on the use of provisions of the theory of institutionalism in the administrative process. The author defines on a systematic basis the essence, content and position of the theory of institutionalism in the formation of agrarian relations in the rural area, emphasizes the dominant human role in the formation of extended economic reproduction as a factor of the growth of production and formation of human potential in rural areas.

The practical content of institutionalism is based on the development of rules and codes of conduct in a market environment for family commodity producers, which can be conducive to extended economic reproduction. The object of the study is the process of functioning of small agribusiness in rural areas.

The subject of the study is a set of managerial, economic and legal aspects that comprise institutional content of the development of small businesses in rural areas.

Methodological basis of this publication is the fundamental provisions of modern economic theory, scientific works of foreign and domestic scientists on the specified problems, which reveal the essence of the above-defined economic theory and its influence on the nature of modern economic relations in the rural areas.

The objectives set in the article have been solved from the standpoint of a systematic approach and the use of the following methods: monograph – to study and summarize the scientific and methodological foundations of the theory of institutionalism; abstract-logical – develop and specify the categorical apparatus of research and formulation of conclusions; graphic – to establish the structural elements of the category “institutes” and “institutions”; peer review – to determine the motivation for choosing a form of business.

Scientific works on the specified problems by well-known foreign scientists W. Hamilton, T. Veblen, R. Cruz, D. Nart, M. Olsen and domestic scientists V. Heets, H. Kaletnik , M. Malin, A. Mazur, O. Shpykuliak, etc. who study this problem are used in this research.

On the basis of scientific research, the author has formed a scientific paradigm as a synthesis of hypotheses and theories that investigates structural changes in unstable economic systems. He refers the environment to the main elements of institutional theory, e.g. norms and rules of living in the rural area; property rights; economic entities of business activity; contractual terms and market transformations in the land system; production efficiency; quality of management: the degree of trust in society; transaction costs, etc.

The study emphasizes that the essence of institutional theory is based on the content of the conceptual apparatus, which makes it possible to reveal the mechanisms of functioning and interaction of institutions in the agrarian economy. The author argues that “institutions” are rules of the game in society, or thought-out restrictions that direct human activity in a particular direction. They influence the socio-economic processes as traditions, social individual norms of the organizational structure of the enterprise, etc. In other words, they structure human and organizational interaction coordinating exchanges within the achievement of agricultural production efficiency.

Practical activity on the formation of institutional environment in the rural area is based on maximizing the possibility of developing a family type of business. In particular, the main priorities of the state agricultural policy should be creation of conditions for realization and protection of rural people’s rights to land and formation of market relations in the rural area.

In our opinion, a priority direction of the institutional support of business entities in rural areas is the development and implementation of state and regional programs of integrated development of rural areas, improvement of state support of the enterprise development.

The study of the foundations of institutionalism as an economic theory and practice of economic activity lets us conclude that it is advisable to introduce this concept as a form of economic relations in the system of small-scale agricultural production.

Keywords: institutionalism, development, households, farms, factors, directions, priorities, market

List of references
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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 450 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.