Development Of Innovative Industrial Clusters: Problems, Tools And Prospects

Abstract

Innovative clusters are capable of producing innovative activities, using other (non-financial) factors of growth, namely, intellectual potential (equity) created in these territories that strengthen innovative activity in the territory of clusters in regions. The extent of influence of innovative development on regional economy is revealed through indicators of costs for technological innovations and the amount of shipped products. We discovered that the high ratio of correlation 0.91 shows a direct link between these indicators. This indicates the necessity of continuing to make investments in innovations that will entail growth of the shipped products. The products will be reflected in such indicators the gross regional product, value added, receipts in the budget and other indicators. Correlation and regression analysis also confirm the interrelationship of the researched factors which has practical applications for public authorities and local self-government in case of acceptance of management decisions.

Industrial Complex of the Orenburg Region: Challenges and Growth Prospects

“…The region requires implementation of infrastructure projects in the field of road construction, communications, energy and transport that will allow developing integration ties with neighboring regions and countries of Central Asia and China. Russian economists believe that the main institutional reasons for the imbalance of economic development programs are mistakes in choosing development priorities, lack of concentration of efforts and resources in development areas, and insufficient financial support [3,10,11,12]. Vertically and horizontally integrated structures that should ensure victory in competition with transnational corporations are the backbone of industry.…”