Title: Influence of clustering on innovational development of business structures in region's economy

Authors: Tatiana V. Epifanova; Tatyana A. Skvortsova; Ekaterina A. Parshina

Addresses: Department of Civil Law, Rostov State Economic University (RINH), Bolshaya Sadovaya str. 69, Rostov-on-Don 344007, Russia ' Department of Civil Law, Rostov State Transport University, Bolshaya Sadovaya str. 69, Rostov-on-Don 344007, Russia ' Department of Economic Analysis and Forecasting, Rostov State Economic University (RINH), Bolshaya Sadovaya str. 69, Rostov-on-Don 344007, Russia

Abstract: The purpose of the article is to determine the influence of clustering on innovational development of business structures in region's economy using the example of modern Russia. As a methodology of the research, the authors of the article use regression and correlation analyses. The authors build characteristics and substantiate the importance of innovational development of business structures in region's economy, conduct analysis of tendencies of clustering in Russian regions and determine influence of clustering on innovational development of business structures in region's economy. As a result, the authors come to the conclusion that clustering is a perspective and working tool of activation of innovational activity of region's enterprises, as investments into the formation of clusters are spent purposefully and returned quickly, and offer recommendations for development of the process of clustering in modern regions of Russia and other countries.

Keywords: business structure; clustering; innovational development; region's economy.

DOI: 10.1504/IJTGM.2017.086082

International Journal of Trade and Global Markets, 2017 Vol.10 No.2/3, pp.133 - 141

Received: 09 May 2016
Accepted: 10 Sep 2016
Published online: 22 Aug 2017 *

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