Open AccessINSTITUTIONAL ASPECTS OF THE CLUSTER DEVELOPMENT OF THE REGIONAL ECONOMIC SYSTEM
Author(s) -
И. Л. Беилин,
В. В. Хоменко,
N. V. Kalenskaya
Publication year - 2019
Publication title -
humanities and social sciences reviews
Language(s) - English
Resource type - Journals
ISSN - 2395-6518
DOI - 10.18510/hssr.2019.7637
Subject(s) - argument (complex analysis) , novelty , originality , space (punctuation) , government (linguistics) , process (computing) , cluster (spacecraft) , cluster development , resource (disambiguation) , economic system , intervention (counseling) , economic interventionism , regional development , regional science , economics , business , economic growth , political science , sociology , creativity , engineering , work (physics) , philosophy , psychiatry , law , computer network , linguistics , chemistry , theology , computer science , operating system , psychology , biochemistry , programming language , mechanical engineering , politics
Purpose: The heterogeneity of the economic space has intensified in recent years in the process of transition and laying the foundations of a market economy in the CIS countries, as well as in the EU regions, due to its expansion. This unevenness was manifested as a result of different starting levels of economies, different resource endowments, the choice of their targets and priorities for socio-economic development, and the increased authority of local authorities.
Methodology: This is analytical-logical research that has been done through content analysis and documentary and library research.
Result: Problems of market fiasco in the regions, as well as the important role of local institutions in regional development are also noted in the EU and serve as a strong argument for the need for government intervention in regional policy, primarily from the standpoint of regulating the innovation sphere, financial assistance to create jobs or clusters capable of self-development.
Applications: This research can be used for universities, teachers, and students.
Novelty/Originality: In this research, the model of Institutional aspects of the cluster development of the regional economic system is presented in a comprehensive and complete manner.