IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2016i4p1194-1204.html
   My bibliography  Save this article

Russian Pharmaceutical Companies Export Potential in Emerging Regional Clusters

Author

Listed:
  • Elena Sapir

    (Demidov Yaroslavl State University)

  • Igor Karachev

    (Demidov Yaroslavl State University)

  • Mingzhu Zhang

    (LLC СРD Arkhangelsk thermal power)

Abstract

This article analyzes a diverse range of the enterprise’s export potential growth factors in emerging pharmaceutical clusters of Central European Russia. Classification and comparative analysis were used to identify export potential attributes (production, finance, labor and marketing), which have allowed to reveal the strong connection of cluster and regional factor groups with the results of export performance. The purpose of the study is to provide exports-seeking pharmaceutical companies with a set of tools to enhance their export potential. The hypothesis that the cumulative impact of the specified attributes leads to the strengthening of pharmaceutical cluster export potential and promotes an effective integration of the region in the world economic space, is developed and tested. The methodology combines the geo-economy-based theory with the theory of clusters competitive advantages. The impacts of export potential growth factors are estimated by using an econometric model based on math statistics. Thus, five Russian regional pharmaceutical clusters (Belgorod, Kaluga, Moscow, Oryol, Yaroslavl) are shown. Findings identify an objective causal link between enterprise export potential growth and competitiveness factors of cluster origin (network business chains, production functions interconnectedness and flexibility, production localization). An action plan for the purpose of the maximum use of competitive advantages of the cluster organization for export activities of the entities of the pharmaceutical industry is developed. Conclusions and recommendations of the study are intended to enterprises in pharmaceutical industry and regions’ public authorities, implementing cluster development strategies. It is thus essential to improve marketing and organizational innovations, reduction of commercial expenses under the cluster environment, development of drugs production and delivery chains from R&D to end-users in order to enjoy greater economic benefits from Russian pharmaceutical firms’ export potential growth.

Suggested Citation

  • Elena Sapir & Igor Karachev & Mingzhu Zhang, 2016. "Russian Pharmaceutical Companies Export Potential in Emerging Regional Clusters," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1194-1204.
    • Handle: RePEc:ura:ecregj:v:1:y:2016:i:4:p:1194-1204
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2016/December_2016/ERDecember2016_1194_1204.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Giorgia Giovannetti & Giorgio Ricchiuti & Margherita Velucchi, 2013. "Location, internationalization and performance of firms in Italy: a multilevel approach," Applied Economics, Taylor & Francis Journals, vol. 45(18), pages 2665-2673, June.
    2. Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2007. "Firms in International Trade," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 105-130, Summer.
    3. Boris Korobitsyn, 2015. "Methodological Approaches for Estimating Gross Regional Product after Taking into Account Depletion of Natural Resources, Environmental Pollution and Human Capital Aspects," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 77-88.
    4. Marjolein Caniëls & Henny Romijn, 2003. "Agglomeration Advantages and Capability Building in Industrial Clusters: The Missing Link," Journal of Development Studies, Taylor & Francis Journals, vol. 39(3), pages 129-154.
    5. Birgitte Grøgaard & Carmine Gioia & Gabriel R. G. Benito, 2013. "An Empirical Investigation of the Role of Industry Factors in the Internationalization Patterns of Firms," International Studies of Management & Organization, Taylor & Francis Journals, vol. 43(1), pages 81-100, January.
    6. repec:taf:applec:45:y:2013:i:18:p:2665-2673 is not listed on IDEAS
    7. Anders Malmberg & Bo Malmberg & Per Lundequist, 2000. "Agglomeration and Firm Performance: Economies of Scale, Localisation, and Urbanisation among Swedish Export Firms," Environment and Planning A, , vol. 32(2), pages 305-321, February.
    8. Korobitsyn, B. A., 2015. "Methodological approaches to accounting the depletion of natural resources, changes in the environmental and human capital in the gross regional product," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 1(3), pages 495-504.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sapir, Ye. V. & Karachev, I. A. & Zhang, M., 2016. "Export Potential of Russian Pharmaceutical Companies in the Emerging Regional Clusters," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 2(4), pages 441-449.
    2. A. Volkova I. & I. Karachev A. & А. Волкова И. & И. Карачев А., 2016. "Факторы Роста Экспортного Потенциала Малого Инновационного Предприятия // Export Potential Growth Factors For A Small Innovative Enterprise," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 20(6), pages 31-38.
    3. De Masi, G. & Giovannetti, G. & Ricchiuti, G., 2013. "Network analysis to detect common strategies in Italian foreign direct investment," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(5), pages 1202-1214.
    4. Giovannetti, Giorgia & Marvasi, Enrico, 2016. "Food exporters in global value chains: Evidence from Italy," Food Policy, Elsevier, vol. 59(C), pages 110-125.
    5. Giorgia Giovannetti & Enrico Marvasi & Marco Sanfilippo, 2015. "Supply chains and the internationalization of small firms," Small Business Economics, Springer, vol. 44(4), pages 845-865, April.
    6. Yelena Andreyeva & Aleksandr Linetskiy & Artyom Ratner & Daria Kuznetsova, 2016. "Institutional Factor In International Economic Activity Of Region And Its Socio-Economic Development," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1050-1059.
    7. Giorgia Giovannetti & Enrico Marvasi & Marco Sanfilippo, 2013. "Supply Chains and the Internalization of SMEs: Evidence from Italy," Working Papers - Economics wp2013_30.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    8. Marina Malkina, 2017. "Social Well-Being of the Russian Federation Regions," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 49-62.
    9. Redding, Stephen & Weinstein, David, 2017. "Aggregating From Micro to Macro Patterns of Trade," CEPR Discussion Papers 12446, C.E.P.R. Discussion Papers.
    10. Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2018. "Global Firms," Journal of Economic Literature, American Economic Association, vol. 56(2), pages 565-619, June.
    11. Melina Young, 2007. "Labour Market Integration of High-skilled Immigrants: Maximizing Knowledge Spillover in Toronto," Local Economy, London South Bank University, vol. 22(4), pages 401-408, November.
    12. Kohn, David & Leibovici, Fernando & Szkup, Michal, 2020. "Financial frictions and export dynamics in large devaluations," Journal of International Economics, Elsevier, vol. 122(C).
    13. Pamela Bombarda, 2016. "Firm heterogeneity and the localization of economic activities," Papers in Regional Science, Wiley Blackwell, vol. 95, pages 1-26, March.
    14. Gianluca Orefice & Giovanni Peri, 2020. "Immigration and Worker-Firm Matching," Working Papers DT/2020/02, DIAL (Développement, Institutions et Mondialisation).
    15. Kyungmin Kim, 2018. "An analysis of Korea's export performance using US import data," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(1), pages 1-24, January.
    16. Felbermayr, Gabriel & Jung, Benjamin, 2012. "The home market effect, regional inequality, and intra-industry reallocations," University of Tübingen Working Papers in Business and Economics 33, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    17. Cui, Jingbo & Lapan, Harvey E. & Moschini, GianCarlo, 2012. "Are exporters more environmentally friendly than non-exporters? Theory and evidence," ISU General Staff Papers 201210040700001076, Iowa State University, Department of Economics.
    18. Naudé, Wim & Gries, Thomas & Bilkic, Natasa, 2015. "Playing the lottery or dressing up? A model of firm-level heterogeneity and the decision to export," The Quarterly Review of Economics and Finance, Elsevier, vol. 58(C), pages 1-17.
    19. Marco Dueñas & Giorgio Fagiolo, 2013. "Modeling the International-Trade Network: a gravity approach," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 8(1), pages 155-178, April.
    20. Sonia Mukherjee, "undated". "The Role of Services in Enhancing Indian Manufacturing Exports: A Firm Level Analysis, 2000-01 to 2011-12," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 15-08, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ura:ecregj:v:1:y:2016:i:4:p:1194-1204. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Naydenov (email available below). General contact details of provider: http://www.economyofregion.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.