Computable Compliance as Institutional Technology - A Demand-side Entry Point for Peripheral Tech Ecosystems — The Case of Burgas

Vladimir Stantchev () and Teodor Sedlarski ()
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Vladimir Stantchev: SRH University - Heidelberg, Germany
Teodor Sedlarski: Sofia University St. Kliment Ohridski, Faculty of Economics and Business Administration, Department of Economics

Bulgarian Economic Papers from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski

Abstract: Peripheral technology ecosystems in Eastern Europe are institutionally thin: lacking the social embeddedness that makes metropolitan firms contractible at a distance, they remain locked out of high-value markets even where cost and skill fundamentals are favorable. Combining an exploratory institutional case study of Burgas, Bulgaria, with a design-science specification of computable compliance — machine-verifiable, cryptographically signed conformity evidence — we ask whether formal institutions can substitute for missing embeddedness in assurance heavy transactions. The EU regulatory stack (DORA, NIS2, the AI Act, the CRA) and Bulgaria's euro adoption convert compliance capability into a tradable product: a demand-side entry point for peripheral ecosystems.

Keywords: institutional economics; regional innovation ecosystems; computational jurisprudence; transaction costs; Bulgaria (search for similar items in EconPapers)
JEL-codes: D02 D23 D82 L51 P25 R58 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2026-07, Revised 2026-07
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