Journal of Applied Economic Research
ISSN 2712-7435
Rationale for Priority Factors of Effective Cluster Development of Regional Economy
Kovaleva T.Yu., Radionova M.V.
Abstract
Abstract. The article discusses the importance of creating a favorable environment to grow regional clusters spanning multiple socio-economic, institutional, natural resource conditions for regional economic development. The aim of the study is to identify factors that have a positive impact on strengthening the strategic positions of the clusters in the regional economy (the cases of 17 emerging clusters in the Perm region serving as an example). Theoretical and applied scientific substantiation of conditions for effective development of the area cluster space is a scientific novelty. The empirical analysis is based on the assessment of clusters weight in the region economy in the years 2002-2014, obtained in the course of processing regional statistics data on employment in different economic activities including the ranking of investment attractiveness compiled by "Expert RA" agency. Using the tools of economic and mathematical modeling with respect to each cluster that are characterized by unique industry specialization, the article identifies the priority development factors, institutional, innovation, labor and natural resources being important factors for most of the analyzed clusters. In terms of the four priority factors directions of cluster development of the Perm region economy are proposed, including proposals for the institutional design of cluster management structures, support of education and research institutions in the region, development of innovative entrepreneurship and strengthening of private initiative in clusters, the conservation of natural resources, and greening of local production. It is shown that the instruments used in the research and results of the factor analysis are of interest to representatives of public authorities who design cluster policies, as well as to experts in the field of cluster analysis; the results can be used to further elaborate programs of cluster development of the region and for the study of cluster initiatives.
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Keywords
Key words: regional clusters; priority development factors; efficiency; cluster weight; cluster size; regional economy; cluster policy; cluster initiatives; institutionalization of the cluster; econometric modeling.
About Authors
DOI: http://dx.doi.org/10.15826/vestnik.2016.15.6.43
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