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The Stability of the Regional Economic System Based on the Innovative Development of the Petrochemical Cluster

Author

Listed:
  • I. L. Beilin
  • V. V. Khomenko
  • N. V. Kalenskaya

Abstract

The successful functioning and development of the regions is ensured by the symbiosis of cooperation and competition, based on the positive synergistic effects of the territorial agglomeration. Stable partnerships between enterprises provide a solution to the problems of the regional economy, associated with increased differentiation in the level of socio-economic development of individual regions, low adaptability of the regional socio-economic systems of Russia to the impact of crises. There are also problems of inefficient spatial organization of the country, leading to increased costs for the maintenance of a regional infrastructure economy, a low level of interaction between enterprises of the regions forming territorial production complexes. A promising and successfully used in practice by developed countries is the cluster paradigm of socio-economic development of regions, which is based on a cluster approach to the implementation of economic policies, providing innovative orientation in the implementation of regional strategies. Regions containing efficient clusters develop more dynamically. In a number of regions of the Russian Federation, the extraction of minerals, including hydrocarbons, is a strategic factor providing the main share of gross regional product. In accordance with the development strategy, petrochemical clusters should become the most active point of economic growth in the region in the near future.

Suggested Citation

  • I. L. Beilin & V. V. Khomenko & N. V. Kalenskaya, 2019. "The Stability of the Regional Economic System Based on the Innovative Development of the Petrochemical Cluster," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 8, December.
    • Handle: RePEc:bjz:ajisjr:1845
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    References listed on IDEAS

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