Cohesion in bio-pharmacological cluster

L.S. Markov(Lmarkov@ieie.nsc.ru), I.G. Teplova and M.A.( teplovaig@rambler.ru) Yagolnitser( Miron@ieie.nsc.ru )

Journal "Region: Economics and Sociology", 2010, vol. 4

Abstract: The paper analyses the innovation aspects of how a bio-pharmacological cluster operate, including that concerning the connectedness of such cluster. We state that contacts with contractors within a cluster are of critical importance for any cluster's company as any contractor could be regarded as a supplier of new ideas, technologies and innovations for the cluster. On the other hand, the high transaction costs are a major institutional force which limits the cluster's growth.

Keywords: regional cluster; innovation; connectedness; transaction costs; economic growth (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2010-4_2

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