Identification of Clustered Points of Growth by Analyzing the Innovation Development of Industry

The efficient clustering processes in the state provide sustainable development of the economy in general. The basis for the creation of effective clusters is the high level of development of the innovation system. In this article, the authors proposed a new approach to identifying point cluster gro...

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Bibliographic Details
Published in:Procedia economics and finance 2016, Vol.39, p.147-155
Main Authors: Vertakova, Yulia, Grechenyuk, Olga, Grechenyuk, Anton
Format: Article
Language:English
Subjects:
clusters
industries
innovation
innovative development
manufacturing industry
processes clusterization
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Summary:The efficient clustering processes in the state provide sustainable development of the economy in general. The basis for the creation of effective clusters is the high level of development of the innovation system. In this article, the authors proposed a new approach to identifying point cluster growth through analysis of innovative development of the industry. This article contains the analysis of innovative development of manufacturing industries and assesses the impact of their innovation development at the GDP. A result of the research authors identified industries that are the points of cluster growth in the state economy.
ISSN:2212-5671
2212-5671
DOI:10.1016/S2212-5671(16)30264-7