Responding to the challenges of the time - Аникина Н. А. , Стукач В. Ф.

The monograph explores the informal institutions of the regional transactional sector. The authors make an analysis of the main forms of interaction between formal and informal institutions, the peculiarities of their functioning and the influence of the institutions on behavioural attitudes. The informal institutions are considered from the position of sociocultural characteristics; the parameters of the economy’s cultural codes are defined with regard to the specifics of the agricultural sector; the prerequisites forming the bulk of transaction costs are revealed. Сonsiders the mechanism of transaction cost management in the context of the regulation of cultural codes of the economy as well as the formation of a sustainable vector in their development. The analysis of the empirical material reveals the trends in the correlation of the transactional sector share dynamics and the qualitative development of the regional economy, the dynamics of the share of internal transaction costs, and the changes in the uncertainty of the external environment level. The monograph is addressed to regional government officials, market research specialists, researchers, teachers and students of agrarian universities.