Matrix of institutional capital of the region

T. E. Stepanova and R. K. Polyakov
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T. E. Stepanova: Kaliningrad State Technical University, Kaliningrad, Russian Federation
R. K. Polyakov: Kaliningrad State Technical University, Kaliningrad, Russian Federation

Russian Journal of Social Sciences and Humanities, 2022, vol. 16, issue 4, 197-206

Abstract: The study is devoted to the problem of forming the matrix of the region’s institutional capital and the impact of its most significant elements on the region’s institutional capital. The study was carried out on the basis of a neo-institutional approach, statistical analysis and synthesis. The author’s definition of the matrix of institutional capital of the region is formulated. A matrix of the institutional capital of the Kaliningrad region has been developed, the influence of the main constituent elements of the matrix (circulation economy, special economic zone, entrepreneurship institution) on the functioning of the region’s institutional capital in dynamics has been revealed. To form an effective institutional capital of the region, it is necessary to develop precisely those innovative institutions that will create effective relationships between them, reduce their potential into significant results of the region’s development. The following elements of the institutional capital matrix of the Kaliningrad region were identified as such in the course of the study: institutions of the circular economy, the status of the region as a SEZ, entrepreneurship, as well as digitalization institutions, educational organizations and institutions of legislation.

Keywords: institutional capital of the region; matrix of institutional capital of the region; circular economy; special economic zone; entrepreneurship institution (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aws:omskjl:v:16:y:2022:i:4:p:197-206

DOI: 10.17238/issn1998-5320.2022.16.4.22

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