Abstract
Subject. The article addresses the system of financial support for innovative development based on the cluster approach. Objectives. The purpose is to develop methodological approaches to assessing the effectiveness of financial support for innovative development at the expense of public funds, using the cluster and correlation and regression analysis. Methods. The study applies the cluster and correlation and regression analysis, methods of horizontal and vertical analysis, method of grouping, and others. Results. I investigated the role and operating results of innovation clusters, the government programme aimed at innovative development, assessed the impact of program financing on indicators of economic and innovative development and the expediency of the cluster approach. I identified three clusters based on such factors as the proportion of organizations that carried out technological innovations and the proportion of innovative goods, works, and services in the total volume of shipped goods, performed works, and rendered services. I obtained a two-factor model of relationship between GRP and the volume of innovative products, and the number of researchers with an academic degree. Conclusions. The paper proved that using the cluster approach enables to approach positive results of State programmes and national projects implementation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
