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Regional Economics: Theory and Practice
 

Applying the aggregated indices randomization method to prioritize cluster development

Vol. 19, Iss. 5, MAY 2021

Received: 1 March 2021

Received in revised form: 20 March 2021

Accepted: 3 April 2021

Available online: 14 May 2021

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: D23, L52, R58

Pages: 880–906

https://doi.org/10.24891/re.19.5.880

Dmitrii V. KOLODKO North-West Institute of Management (NWIM), Branch of RANEPA, St. Petersburg, Russian Federation
dvkolodko2019@gmail.com

ORCID id: not available

Tamara N. SELENT'EVA Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
selentieva_tn@spbstu.ru

ORCID id: not available

Andrei A. ZAITSEV Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
andrey_z7@mail.ru

ORCID id: not available

Subject. This article discusses the innovation activities of companies participating in clusters.
Objectives. The article aims to justify a choice of State support facilities for the innovation activities of enterprises participating in clusters.
Methods. For the study, we used the hierarchical aggregated indices randomization method and Monte Carlo method.
Results. During the study of cluster construction in St. Petersburg, an array of data was obtained. Based on calculations, we show the choice of two enterprises, the best ones in terms of assessing the probability of dominance. We justify the possibility of using such a characteristic of randomized aggregated indices as the value of mathematical expectation, as a choice criterion.
Conclusions. The algorithm developed to apply the aggregated indices randomization method develops an institutional approach to the analysis of regional clusters.

Keywords: aggregated indices randomization method, AIRM, Monte Carlo method, innovation cooperation, cluster, State support

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