Institutional environment as a basis of industrial clusters development

Abstract:

The article substantiates the need for the development of institutional environment as a factor of competitive industrial clusters formation in a region economy. Features of the institutional environment are formulated and brief characteristic of endogenous institutions of cluster development is given. Institutional factors of clusters agglomeration effects are determined. With the use of correlation and regression analysis of linear regression model on the example of the Perm region economy the relationship of institutional regime quality and size and clusters weight is revealed.