THE ROLE OF INSTITUTIONAL MECHANISMS IN REGIONAL DEVELOPMENT: THEORETICAL FOUNDATIONS AND INTERNATIONAL EXPERIENCE
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss4-pp218-226Abstract
This article examines the role and significance of institutional mechanisms in the process of regional development. Mechanisms that structure the interactions between government, local authorities, the private sector, and civil society are assessed as essential tools for promoting regional economic growth. The study analyzes the experiences of foreign countries (EU, Ukraine, Russia) and explores the theoretical and practical foundations of the institutional approach. Based on a review of scholarly sources, the article substantiates the effectiveness of such mechanisms in fostering innovation, attracting investment, and reducing interregional disparities.
Keywords:
institutional mechanism regional development state and market civil society innovation economic growth integration public-private partnershipReferences
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