The influence of the institutional environment for the creative development of the regional economy

Purpose of the article is to study the influence of the institutional environment for the creative development of the regional economy. It is proved that the institutional environment, which provides a constant search for and implementation of new opportunities in regional development, the interaction of all stakeholders in the process, encourage and support the exchange of ideas between them, helps to create the region's competitiveness and promote the interests of the regional community. Formulate future directions of scientific research in this field. Thus, the institutional environment, promotes creativity in the region - it is the norms, principles, values, and compliance mechanisms are contributing to the generation of new ideas and opportunities in regional development. The creation of an institutional environment help of consultants, regional management bodies, the use of the creative potential of people in economic, social and cultural issues.