Abstract
The article considers the problem of formation and development of the institutional environment at the regional level. The authors emphasize, firstly, on the institutions that have an impact on the economic relations between subjects of the market, and, secondly, on the development of the features inherent in a particular region and localizing the region as a unique territorial economic unit. Special attention is paid for the strategic development of the region and the actions of economic agents, namely their impact, along with regional and national institutions on the dynamics of the strategy. In support of the above, the authors present the results of the analysis of several Russian regions - the Republic of Mordovia, Kaluga and Tomsk regions, as the regions with the lowest rate of federal financial support, but at the same time entering into the six most innovative-developed regions and regions with some of the best conditions for starting a business. Also, the authors propose the concept of institutional economic profile of the region as a set of socio-economic conditions of the region historically influenced by specific factors. The submitted draft of the institutional profile is an in-depth analysis of more than 30 official and corporate sources of information. The example of St. Petersburg illustrates the current institutional environment the current institutional environment within which the economic relations are being formed in the region. The analysis allowed the authors to formulate theoretical and practical conclusions, the most important of which are the following: conclusion on the impact of strategic national institutions on economic relations in the region and conclusion on the scenarios for regional development based on the existing capacity and quality of the counterparty.
Published Version
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