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Institutional Foundations of the Regions’ Digitalization

Author

Listed:
  • Lagodiienko Volodymyr

    (Dr. Sc., Prof., Odesa National University of Technology, 112 Kanatna Str., Odesa, Ukraine)

  • Zavhorodnii Andrii

    (Dr. Sc., Prof., Mykolaiv Institute of Human Development of University “Ukraine”, 22 2-nd Military Str., Mykolayiv, Ukraine)

  • Lagodiyenko Oleg

    (PhD, Odesa National University of Technology, 112 Kanatna Str., Odesa, Ukraine)

  • Demchenko Oleksandr

    (PhD, Odesa National University of Technology, 112 Kanatna Str., Odesa, Ukraine)

  • Bakay Roman

    (PhD (Student), Odesa National University of Technology, 112 Kanatna Str., Odesa, Ukraine)

  • Ostrikov Vadym

    (PhD (Student), Odesa National University of Technology, 112 Kanatna Str., Odesa, Ukraine)

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.

Suggested Citation

  • Lagodiienko Volodymyr & Zavhorodnii Andrii & Lagodiyenko Oleg & Demchenko Oleksandr & Bakay Roman & Ostrikov Vadym, 2023. "Institutional Foundations of the Regions’ Digitalization," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 45(1), pages 17-24, March.
    • Handle: RePEc:vrs:mtrbid:v:45:y:2023:i:1:p:17-24:n:9
    DOI: 10.15544/mts.2023.03
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    References listed on IDEAS

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    1. Alexandre Dubois & Franziska Sielker, 2022. "Digitalization in sparsely populated areas: between place-based practices and the smart region agenda," Regional Studies, Taylor & Francis Journals, vol. 56(10), pages 1771-1782, October.
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    More about this item

    Keywords

    digital economy; digitalization; institutional environment; institutional foundations; region; regional socioeconomic system; development institutions;
    All these keywords.

    JEL classification:

    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics
    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics
    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics

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