Industrial cooperation and its influence on sustainable economic growth

Alena Fomina, Oksana Berduygina and Alexander Shatsky
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Alena Fomina: Central Research Institute of Economy Management and Information Systems "Electronics"
Oksana Berduygina: Tyumen Industrial University
Alexander Shatsky: Russian State Social University

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Abstract: The stability of economic development is determined by the features of the network structure in collaborative engagement of enterprises. Industrial cooperation is just one part of that process; it differs in spatial coverage and range of activity. The complexity of taking into account the synergistic effect that arises in this case stresses the importance of this question from the theoretical and practical points of view. For this purpose, the paper considers the essence of industrial cooperation, some approaches to agglomerative tendencies and conceptual visions of cooperation from the standpoint of institutional theory. The investigation of the influence of cooperation on economic growth is based on several hypotheses. The first one is about the positive correlation between the studied parameters; the second one is about the fact that protection of institutional property rights is an important factor in cooperation development. These theories have been studied within the frame of loglinear model using the table of data about 20 European countries for the forecast period of 2017-2021. The results show that the mature system of industrial cooperation allows providing an additional economic growth at the level of 2.3-3.0%. It is also important to conclude that cooperation enhances the factor impact of the usual determinants of economic growth (working labor, capital and export). The model also takes into account some other possible determinants of economic growth such as expenses on research and development, use of a right of intellectual property and the Index of Economic Freedom. At the same time, a lax regulation in the sphere of property rights protection can become an incentive for co-operators. These and some other provisions determine the ways of enhancing of activity of enterprises for their close collaboration; it is emphasized that the development of co-operational relations has a great impact on competitiveness and sustainability.

Keywords: effects of cooperation; integrated entities; determinants of economic growth; sustainable economic growth; industrial cooperation (search for similar items in EconPapers)
Date: 2018-03-30
New Economics Papers: this item is included in nep-cse, nep-hme and nep-ipr
Note: View the original document on HAL open archive server: https://hal.science/hal-01773578
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Citations: View citations in EconPapers (12)

Published in Entrepreneurship and Sustainability Issues, 2018, 5 (3), pp.467 - 479. ⟨10.9770/jesi.2018.5.3(4)⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01773578

DOI: 10.9770/jesi.2018.5.3(4)

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