Formation of Regional Clusters as a Factor in the Investment Development

Viktor Gusak
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Viktor Gusak: THE RUSSIAN ACADEMIC JOURNAL

The Russian Academic Journal, 2014, vol. 29, issue 3

Abstract:

The aim of the research is to study the role of clusters in securing of regional development, particularly in enhancing the investment activitythrough the introduction of new regional mechanisms regulating these processes. In the article the importance of innovation and investmentcomponent of regional development is defined. Today, ensuring sustainable economic growth and improve the efficiency of the regioncannot be solved only through the use of standard techniques and tools. One of the most effective forms of economic integration through theformation of the spatial organization of the productive forces is the development of cluster formations within one economic territory. Theimportance of building regional cluster of social facilities, such as construction is proposed for consideration. Their importance for regionaldevelopment in general and to related industries in particular is considered. The model of return tax revenues to the local budget in the developmentof investment in the production of new housing and the development of appropriate urban infrastructure is proposed.

Keywords: innovation, investment, regional economic development. (search for similar items in EconPapers)
Date: 2014-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:scn:000raj:273

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