<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The article is devoted to the study of the institutional foundations of the regions’ digitalization. Approaches to understanding and interpreting the essence of the concept of "digitization of the region" were considered, which made it possible to group them into four approaches: scientific, practical, regional and social. It has been proven that the process of forming the regions’ digital economy is significantly dependent on the institutional environment. It was determined that this is a set of socio-economic and political norms and rules that serve as the basis for the structural construction and relationships between the components of the digital economy. The following functions of the institutional environment are distinguished: integrative, stimulating, social, distributive, informational, and revenue. The concept, essence, possible variants of the relationship and interaction of formal and informal rules and norms are considered. The concept and essence of development institutes are clarified.</p>
</abstract>

The article is devoted to the study of the institutional foundations of the regions’ digitalization. Approaches to understanding and interpreting the essence of the concept of "digitization of the region" were considered, which made it possible to group them into four approaches: scientific, practical, regional and social. It has been proven that the process of forming the regions’ digital economy is significantly dependent on the institutional environment. It was determined that this is a set of socio-economic and political norms and rules that serve as the basis for the structural construction and relationships between the components of the digital economy. The following functions of the institutional environment are distinguished: integrative, stimulating, social, distributive, informational, and revenue. The concept, essence, possible variants of the relationship and interaction of formal and informal rules and norms are considered. The concept and essence of development institutes are clarified.

Institutional Foundations of the Regions’ Digitalization

Dr. Sc., Prof., Odesa National University of Technology

Dr. Sc., Prof., Mykolaiv Institute of Human Development of University “Ukraine”

PhD, Odesa National University of Technology

PhD (Student), Odesa National University of Technology

Management Theory and Studies for Rural Business and Infrastructure Development

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

{"article-title":"Institutional Foundations of the Regions\u2019 Digitalization"}

The article is devoted to the study of the institutional foundations of the regions’ digitalization. Approaches to understanding and interpreting the essence...

Institutional Foundations of the Regions’ Digitalization

Pubblicato online: 26 apr 2023

Pagine: 17 - 24

Ricevuto: 05 gen 2023

Accettato: 08 gen 2023

DOI: https://doi.org/10.15544/mts.2023.03

Parole chiave
digital economy, digitalization, institutional environment, institutional foundations, region, regional socioeconomic system, development institutions

© 2023 Volodymyr Lagodiienko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Institutional Foundations of the Regions’ Digitalization

Pubblicato online: 26 apr 2023

Pagine: 17 - 24

Ricevuto: 05 gen 2023

Accettato: 08 gen 2023

DOI: https://doi.org/10.15544/mts.2023.03

Parole chiavedigital economy, digitalization, institutional environment, institutional foundations, region, regional socioeconomic system, development institutions

© 2023 Volodymyr Lagodiienko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Parole chiave
digital economy, digitalization, institutional environment, institutional foundations, region, regional socioeconomic system, development institutions