Institutional Models of the New Economy Development

Abstract

EN: Abstract: The topic is determined by the modern tendencies of a new economic paradigm development in the context of institutionalism and its peculiar features, such as the sharing economy and human capital. The aim of the article is to develop a methodological approach to the institutional models of the sharing economy and the human capital formation, as well as the causes and the prospects of their evolvement. The basic method of the study was content analysis, which allowed the representation of the sharing economy growth factors and to define its features and models through the combination of the institutions. The result of the research is the development of the theoretical basis for the sharing economy institutional paradigm as the important component of the new economy, which does not correspond to the current business models that regard the human capital as the mean but not the aim of the economic evolvement. The authors present the scientific knowledge of the sharing economy practical forms in accordance with the institutionalism.