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Cluster Development of the Economy: Regional Aspect and Mechanisms of Financial Support

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Towards an Increased Security: Green Innovations, Intellectual Property Protection and Information Security (ISC 2021)

Abstract

Purpose: The purpose of the study is to analyze the tools of cluster development of the region, to compare them with the best practices of clustering the economy, and to develop promising directions based on generalizing modern achievements in this area. Design/methodology/approach: The methodological research toolkit includes economic and statistical methods of analysis, comparisons, analogies, graphical interpretation tools, as well as a systematic approach that allows revealing the main reasons that restrain the cluster development of the region, and priority areas of development. Findings: The article concludes that it is necessary to assess the effectiveness of each implemented measure for cluster residents based on the analysis of measures to support cluster development and funding sources used in domestic practice. The problems are highlighted and the directions for their solution, contributing to the achievement of predicted strategic indicators of the effectiveness of the activities of enterprises-residents of clusters, are proposed in the analysis of the best regional practices of cluster development. Originality/value: The implementation of the selected promising areas of cluster development and elements of financial support will contribute to the accelerated build-up of the infrastructure and human resources of the region, and will also contribute to the growth of competitiveness indicators.

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Varaksa, N.G., Alimova, M.S., Rozhdestvenskaia, E.S., Alimov, S.A. (2022). Cluster Development of the Economy: Regional Aspect and Mechanisms of Financial Support. In: Popkova, E.G., Polukhin, A.A., Ragulina, J.V. (eds) Towards an Increased Security: Green Innovations, Intellectual Property Protection and Information Security. ISC 2021. Lecture Notes in Networks and Systems, vol 372. Springer, Cham. https://doi.org/10.1007/978-3-030-93155-1_52

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