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Matrix of institutional capital of the region

Author

Listed:
  • T. E. Stepanova

    (Kaliningrad State Technical University, Kaliningrad, Russian Federation)

  • R. K. Polyakov

    (Kaliningrad State Technical University, Kaliningrad, Russian Federation)

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.

Suggested Citation

  • T. E. Stepanova & R. K. Polyakov, 2022. "Matrix of institutional capital of the region," Russian Journal of Social Sciences and Humanities, Omsk Humanitarian Academy, vol. 16(4), pages 197-206, December.
    • Handle: 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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    References listed on IDEAS

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    1. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
    2. Marcus Linder & Mats Williander, 2017. "Circular Business Model Innovation: Inherent Uncertainties," Business Strategy and the Environment, Wiley Blackwell, vol. 26(2), pages 182-196, February.
    3. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
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