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The Basic Institutes of Well-balanced Information Economy

Models of Modern Information Economy

ISBN: 978-1-78756-288-2, eISBN: 978-1-78756-287-5

Publication date: 29 October 2018

Abstract

Purpose

The purpose of this chapter is to determine the basic institutes of well-balanced information economy and compile its institutional model.

Approach

The research methodology is based on the methods of the new institutional economic theory. The authors determine the most important qualitative characteristics of the innovational model of a well-balanced information economy and select social institutes that allow taking them into account and ensuring them during practical implementation of the model. The authors describe social institutes that are the basis of a well-balanced information economy and the process of their formation. The authors also use the method of modeling socio-economic phenomena and processes to compile the institutional model of a well-balanced information economy and the method of formalization of its graphic interpretation.

Findings

It is concluded that the basic institutes of the innovational model of a well-balanced information economy include the institutes of feedback collection and control and protection of information. These institutes ensure observation of the principles of implementation of this model and ensure its cyclic development and sustainability in the long-term.

Originality/Value

The presented institutional model of a well-balanced information economy harmonizes the interaction between all the participants of socio-economic relations and processes of information economy, including its state regulation, transition of new information into the category of existing (from product into resource), internal and external exchange of information, its usage, etc.

Keywords

Citation

Lobova, S.V., Prodchenko, I.A., Rogulenko, T.M., Ponomareva, S.V. and Gorlov, V.V. (2018), "The Basic Institutes of Well-balanced Information Economy", Sukhodolov, A.P., Popkova, E.G. and Litvinova, T.N. (Ed.) Models of Modern Information Economy, Emerald Publishing Limited, Leeds, pp. 227-233. https://doi.org/10.1108/978-1-78756-287-520181023

Publisher

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Emerald Publishing Limited

Copyright © 2018 Emerald Publishing Limited