Formation of an Institutional Mechanism for the Effective Development of the Service Sector in the Context of the Digital Economy

Abstract This paper specifically focusses on the institutional mechanism that facilitates the efficient growth of the service sector within the framework of the digital economy. In order to make effective management decisions regarding the development of the service sector in the context of the digital economy of our country, it is crucial to use the territorial approach method to assess its development. This paper presents a proposal and recommendations for implementing complex approaches to the development of the service sector in the environments of the digital economy in the regions