Theoretical and Methodological Foundations of Selective Regulation of the Endogenous Development of Systems of Adjacent Commodity Markets (A Case Study of Grain and Bakery Products)
Abstract
Purpose. To substantiate the theoretical and methodological framework for selective regulation of the endogenous development of vertically adjacent commodity market systems.
Method. Systemic analysis, comparative analysis, intersectoral value added balances, classification. Empirical verification on the grain and bread product market system of Ukraine using data for 2010–2021.
Findings. An original categorical framework integrating four categories and three SR principles has been developed. A concept combining two types of SR objects — “disruptions” (endogenous circuit blockers) and “growth points” (value added generators) — with two types of regulatory impact (stabilising and formative) into complex mechanisms has been proposed. The role of state marketing as a “closing link” ensuring the “activation” of the endogenous circuit through demand formation, export reorientation, and reduction of information asymmetry has been substantiated.
Theoretical implications. The study extends endogenous growth theory to the meso-level of adjacent market systems, integrating the market-creating paradigm with the new industrial policy framework.
Practical implications. The proposed framework provides policymakers with diagnostic tools to identify blockers and generators of the endogenous circuit, enabling targeted interventions in commodity market systems during post-war economic recovery.
Originality of the research. For the first time, selective regulation is conceptualised through the endogenous development paradigm, combining disruption diagnostics, growth point stimulation, and state marketing instruments into an integrated transformative mechanism.
Research limitations/Future research: Empirical verification is limited to the grain and bread product market system. Future research should develop quantitative indices for endogenous circuit diagnostics and test SR mechanisms across diverse commodity market systems.
Paper type. Research.
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