“…Although a global definition of institutions is not commonly accepted (Hodgson, 2006, 2015), it is a consensus that is conceived in the context of governance and social capital structures. Within this framework, the available institutional variables aim to approximate as spherically as possible institutional aspects, such as disciplinary (Skowronski & Talik, 2021; Spierenburg, 2007), demographic (Basco, 2015; Bille & Schulze, 2006; Cohen, 2017), doctrine (Haynes, 2007), citizenship (Janowitz, 1976), political (Napoli, 2003; Schudson, 2002), cultural (Haynes, 2007), production (Xiaoming, 2006), and governance (Epikolopov & Zhuravskaya, 2007), which are also considered in the literature as relevant to regional growth and development.…”