Academic journal article European Research Studies

Cluster Development of Innovational Entrepreneurship: New Possibilities and Priorities in the Conditions of the Innovational Economy Creation

Academic journal article European Research Studies

Cluster Development of Innovational Entrepreneurship: New Possibilities and Priorities in the Conditions of the Innovational Economy Creation

Article excerpt

Introduction

In the 21st century, the countries of the world undertook the course of creation of a completely new model of an economic system--innovational economy. Instead of the traditional formation of such models based on the principle of determining the dominating sphere of economy (in the industrial model--industry, in the post-industrial model--service sphere, etc.), the model of innovational economy is based on innovations that can and should be developed and implemented in all spheres and sectors of the national economy. That's why the traditional entrepreneurship, which always waits for state support, should be replaced by innovational entrepreneurship, oriented at its own strength and capable of the global competition and sustainable development in the long-term due to high innovational activity. In view of lack of state support, the establishment and development of innovational entrepreneurship suppose the usage of market tools.

This article offers and verifies the hypothesis that an important role among such tools should belong to clustering, as it provides expansion of the resource base and quick diffusion of innovations, which is critically important for development of innovational entrepreneurship. The purpose of the work is to study the possibilities and priorities of cluster development of innovational entrepreneurship in the conditions of creation of innovational economy by the example of modern Russia.

Literature Review

Apart front these specific methods of statistical analysis, methodology of the research also includes the general scientific methods: synthesis, induction, deduction, and formalization. The theoretical platform of the research consists of the fundamental works and publications of the applied nature on the issues of cluster development of the economy (Bogoviz et al., 2016; Shabalov and Dmitrieva, 2017; Foghani et al., 2017; Matveev et al., 2016; Zakharova et al., 2015; Ryzhkova Prosvirkin, 2015; Kolchnova and Kolchanova, 2016; Pociovalisteanu and Thalassinos, 2008) innovational entrepreneurship (Kravets et al., 2013; Bezrukova et al., 2013; Block et al., 2017; Urbano et al., 2016; Aparicio et al., 2016; Havlicek et al., 2013) and the creation of innovational economy (Meelen et al., 2017; Rakhlis et al., 2016; Zhukovsrij et al., 2016; Santarelli and Tran, 2016; Leyden, 2016; Thalassinos and Liapis, 2014; Tyaglov et al., 2017; Liapis et al., 2013; Frank et al., 2016).

Methodology

The information and analytical basis of this research consists of the materials of the INSEAD on the Global competitiveness index in 2011-2016. This index includes the detailed information on innovational institutes, the state of human capital and conduct of scientific research, innovational infrastructure, markets of innovational (high-tech) products, innovational entrepreneurship, creation of new knowledge and technologies, and registration and use of intellectual property objects. The authors also used the materials of the Global Competitiveness Report in 2008/2009-2016/2017, presented at the annual World Economic Forum, which contains the information on the state of cluster development of economy the [11.sup.th] pillar: Business sophistication. The statistical information, based on which this research is performed, is presented in Table 1.

As is seen from Table 1, calculation of the index of cluster development of economy is performed within the analysis of the global competitiveness of the countries from 2008-2009, and the index of innovativeness of economy in the modern form has been calculated since 2011. For verification of the offered scientific hypothesis, the authors determine the presence and the level of dependence of cluster development of entrepreneurship on the level of innovativeness of the Russian economy with the help of regression and correlation analysis.

Results

The statistical information on dynamics of cluster development of entrepreneurship and the level of innovativeness of the modern Russian economy is presented in Figure 1. …

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