Socio-political Factors of Economic Growth in Countries with Developed and Developing Markets

A new economy is actively being formed, declaring the need to overcome the limitations of the basic prerequisites of the economic mainstream and expand its influence on related sciences: sociology, politics and law. Discussions about the comparative role of social (institutional) factors in economic development have more than a dozen years. This paper analyzes what factors matter and what their role in the context of developing and developed countries is. The article is analyzed in the works of modern Russian and foreign institutionalists. The study is conducted based on data from international organizations and researches. It is revealed that in long-term periods of economic evolution, non-economic factors matter. As the result of buliding the regression models the degree of influence of non-economic factors affecting the economic growth of the country was identified.