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Cluster Support Policies And Their Funding Mechanism

Author

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  • Cristina UNGUR

    (National Institute for Economic Research of the Academy of Sciences of Moldova and Ministry of Economy, Republic of Moldova)

Abstract

Modern regional development trends include the strengthening of the region capacity by reunion in industrial groups called clusters. This research starts from the hypothesis that the implementation of cluster support policies has a contribution to the clusters development and to the promotion of the regional economic growth. The purpose of this study was to analyze policy measures that contribute to the cluster development and to determine the cluster support mechanisms that can be implemented in the European Union associated countries. For the study were used logical reasoning methods, bibliographic research and indirect observation, based on inductive demarche. Research is focused on analyze of supporting and developing policies for cluster programs at the European level but also in other regions of the world. The exploration of the possibilities and mechanisms of cluster financing has led us to the conclusion that the most important task in developing and implementing of a cluster programs is to determine the optimal structure of funding sources. As a result of the study, were determined the directions and the functional mechanisms for encouraging cluster development, including funding mechanisms that can contribute to the regional development.

Suggested Citation

  • Cristina UNGUR, 2018. "Cluster Support Policies And Their Funding Mechanism," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(4), pages 158-166.
    • Handle: RePEc:brc:brccej:v:3:y:2018:i:4:p:158-166
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    References listed on IDEAS

    as
    1. Michael E. Porter, 2000. "Location, Competition, and Economic Development: Local Clusters in a Global Economy," Economic Development Quarterly, , vol. 14(1), pages 15-34, February.
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    More about this item

    Keywords

    cluster; support policies; funding mechanism;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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