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Clusters in the regional sustainable development: approaches and policies for their implementation

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  • Tatyana Houbenova-Delissivkova

Abstract

The impact of the clusters on the regional sustainable development is analysed in order to evaluate the alternative approaches and policies to enhance the competitiveness of the regions and to improve the local socio-economic standard of life and social cohesion. The paper discusses the strategic framework of public policies that support regional specialisation and clusters. The methodology applied is based on the SWOT analysis of cluster, M. Porter’s diamond of competitive advantages evaluation and the public choice theoretical framework for setting the tasks of clusters development. The ongoing reform of the EU Regional Policies is evaluated on the basis of empirical analysis of the implications for Bulgaria and the new member states after their EU accession as regards public sector’s financial accountabilities, institutional building and socio-economic sustainability of regions. The article indicated that åvolutions in regional policy, science and technology policy and industrial/enterprise policy are in demand to serve the objective of supporting clusters at the regional level.

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  • Tatyana Houbenova-Delissivkova, 2013. "Clusters in the regional sustainable development: approaches and policies for their implementation," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-30,31-57.
    • Handle: RePEc:bas:econth:y:2013:i:4:p:3-30,31-57
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    References listed on IDEAS

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    1. Christos Pitelis & Roger Sugden & James R. Wilson (ed.), 2006. "Clusters and Globalisation," Books, Edward Elgar Publishing, number 3334.
    2. David Bailey & Lisa De Propris & Roger Sugden & James Wilson, 2006. "Public Policy for Economic Competitiveness: An Analytical Framework and a Research Agenda," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(5), pages 555-572.
    3. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
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    More about this item

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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