Digital economy institutional traps: A regional-sectoral approach

Abstract

The article presents the results of the authors’ research the subject of which are issues of the region fisheries industry development in a digital economy. The paper presents the main problems of entrepreneurship in the region, due to its exclave position. Those problems were the main deterrent on its way to a competitive position among the Baltic Sea countries. The article is devoted to the analysis of the institutional space of the Kaliningrad region in the fisheries industry from the standpoint of the institutional traps theory. The study allowed the authors to identify existing institutional traps in the industry. There are institutional traps associated with the development subsidy model, with the format of the region as a special economic zone (SEZ), with the lack of small enterprises. The authors of the article studied the issues related to the growing pressure of the digital economy and determined the regulating directions of the fisheries industry institutional traps in the Kaliningrad region. The study offers the author’s view on a significant impact of the institutional traps in the fisheries sector of the region in the context of the global transformation of the country and the increasing pressure of universal digitalization.