Abstract:
Relevance. The modern conditions of post-industrialism in the sphere of economic relations are influenced by
some factors, in particular, institutional changes and the challenges of globalization. In turn, this is characterized
by a new format that has an organizational and institutional focus.
Purpose. This research aims to elucidate the distinctions between the terms “institute” and “institution” within
the context of the innovation economy.
Methodology. The study draws on theoretical and methodological foundations rooted in the national innovation
system, synthesizing insights from foreign and domestic scholarship. Employing a system-structural and
functional approach
Results. The research unveils a sequential hierarchy of institutional definitions, revealing inherent differences
between “institute” and “institution”. It proposes a classification of institutions based on eight criteria, offering a
nuanced understanding of institutional dynamics within the innovation economy. Notably, it introduces the
concept of temporary and permanent institutions, elucidating their roles in periods of systemic modernization and
legislative evolution.
Conclusions. The study underscores the necessity for clarity in conceptualizing institutional terms, particularly
within the realm of institutionalism.
