Cluster Analysis of the Relationship Between Traditional and Innovation Economies

Evgeny Popov and Maxim Vlasov

Montenegrin Journal of Economics, 2019, vol. 15, issue 3, 125-135

Abstract: Under contemporary conditions, programmes for the socio-economic development of Russian regions are increasingly relevant due to the necessity of a coordinating element between the Federal target programmes that operate on the territories of Federal Subjects and the target programmes of the Federal Subject itself. When creating an effective system for managing the development and implementation of regional socio-economic development programmes, it is necessary to proceed according to a unified method that is in conformity with government socio-economic development priorities. Regional economic policy essentially depends on a particular region's innovative potential, which, in turn, predetermines its further socio-economic development. In order to determine specific influence of socio-cultural factors involved in traditional approaches to the economic management of regions where the indigenous peoples are predominantly supported through innovative development, the authors conducted a cluster analysis of the regions of the Russian Federation.

Date: 2019
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