EFFECT OF MEDICAL PHARMACEUTICAL CLUSTERS ON THE REGIONAL ECONOMY
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EFFECT OF MEDICAL PHARMACEUTICAL CLUSTERS ON THE REGIONAL ECONOMY
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Pages
16-23
Abstract

In this paper to assess the impact of medical and pharmaceutical clusters on the economic development of the regions has been used an econometric model with fi xed and random individual effects. The database contained a number of statistical indicators for the 75 subjects of the Russian Federation for 13 years (1999–2011). The presence of such clusters increases GDP per capita by 0,11%. Thus, we have shown that the formation of clusters in the region contributes to the modernization of the economy and the development of the innovation process, and also leads to an increase in output.

Keywords
medical and pharmaceutical cluster, evaluation, econometric model, the economic development of the region
Date of publication
01.04.2014
Number of purchasers
1
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762
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