Economic Analysis: Theory and Practice

Assessing the prospects for cluster development in regions: Methods and empirical study results: Evidence from the Republic of Belarus

Vol. 17, Iss. 1, JANUARY 2018

Received: 17 October 2017

Received in revised form: 1 November 2017

Accepted: 15 November 2017

Available online: 29 January 2018


JEL Classification: R12, R58

Pages: 30–47

Volkova Yu.A. Sukhoi State Technical University of Gomel, Gomel, Republic of Belarus

ORCID id: not available

Subject The article addresses methodological aspects of cluster creation.
Objectives The study's purpose is to develop and test methodological tools to assess preconditions, perspectives and selection of priority areas for cluster development in regions.
Methods The study draws on economic and statistical methods. I present my own methodology to assess prospects for cluster development in regions. It consists of six stages and considers key factors of cluster structures identification in the economy.
Results Based on the testing of the said methodological tools, I rank possible areas of cluster development in regions of the Republic of Belarus by four groups, starting from those having the most favorable prospects to those having none.
Conclusions The developed tools help perform a quantitative comparative analysis of integral indicators of prospects for cluster development of economic activities in different regions, identify the most promising areas and the best geographical location. The analysis can be used to provide a rationale for inter-regional cluster creation. The obtained empirical results may serve as practical recommendations for public authorities in making decision about clustering and priorities for State support to cluster development in regions.

Keywords: cluster, regional development, clustering, assessment methodology


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Vol. 17, Iss. 1
January 2018