Doi.org/10.52340/eab.2026.18.02.04

This article examines the concept of a community-corporate economic system as a new institutional model for regional development in Georgia. The proposed model aims to address several structural challenges confronting the country’s economy, including regional inequality, depopulation of rural areas, and the concentration of economic resources in a limited number of urban centers.
The community-corporate economic system is based on the principles of economic decentralization, local capital formation, and community participation in economic activity through shareholder mechanisms. Within this framework, local communities are considered active economic units rather than merely administrative entities. Residents participate in economic processes as shareholders, while local governance structures coordinate economic initiatives at the community, municipal, and national levels.
The article analyzes the institutional architecture of the model, mechanisms of capital formation, and the financial principles that support its functioning. Particular attention is given to the role of reinvestment of economic revenues, cooperation between community economic units and private investors, and the potential use of fiscal incentives to encourage joint economic activity.
The study also explores mechanisms for the economic reintegration of depopulated and temporarily occupied territories, as well as the role of universities, technoparks, and technological innovation in supporting local economic development.
The findings suggest that the community-corporate economic system may serve as an alternative institutional framework capable of strengthening regional economic resilience and promoting balanced territorial development in Georgia.

Keywords: Temur-corporate economic system, regional development, institutional model, principles, mechanisms of activity, principles of temur ownership, economic decentralization, Georgia.
JEL Codes: O18, R58, H77, G32, O35

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