What Agglomeration Externalities Impact the Development of the Hi-tech Industry Sector? Evidence from the Russian Regions

Skhvediani, Angi; Sosnovskikh, Sergey

doi:10.14716/ijtech.v11i6.4423

Cited by 6 publications

(3 citation statements)

References 36 publications

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“…Perhaps, policymakers and business practitioners need to appreciate that successful catch-up and development depend on a robust national innovation system created from strong cooperation by business organisations and the nation-state. Leading organisations are likely to invest heavily in R&D. The ‘Concept of Long-term Socio-Economic Development of the Russian Federation up to the year 2020’, Skolkovo cluster development, university involvement in innovation and knowledge creation, and successive programmes are designed to lay the groundwork for further innovative development, competitiveness based on technology, structural diversification of the economy and modernisation of the infrastructure sectors (Gerasimenko 2012 ; Skhvediani and Sosnovskikh 2020 ). It is, however, unclear whether Russia can create an innovation-based economy in the foreseeable future, given the uncertain political climate in recent years.…”

Section: Findings and Discussionmentioning

confidence: 99%

“…‘The Concept of Long-term Socio-Economic Development of the Russian Federation up to the year 2020’ included investments in human and physical capital and infrastructure between 2009 and 2020 (Gerasimenko 2012 ; Government of the Russian Federation 2011 ; Gokhberg and Kuznetsova 2011 ). This was followed by successive government programmes, including the facilitation of ‘high-tech’ sectors, such as the aircraft industry and propulsion engineering, spacecraft and rocket industry, radio electronics industry, nuclear energy and information and communication technologies (Skhvediani and Sosnovskikh 2020 ). With institutions strengthening, Russian organisations shifted their strategy towards manufacturing investments in plants and machinery and, later, investments in innovation (Gokhberg and Kuznetsova 2011 ; Sosnovskikh 2017 ).…”

Section: Literature Review and Research Backgroundmentioning

confidence: 99%

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The Impact of Institutional Formation on Firms’ Strategic Choices in Knowledge Development, Absorptive Capacity and Vertical Integration

2022

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This study examines the impact of institutional shifts on the strategic choices of Russian firms. It proposes and tests hypotheses of how a shift from a weak to a strong institutional context is likely to affect firms’ knowledge accumulation, absorptive capacities and internalisation of operations. Using discriminant analysis, the econometric investigation demonstrates that firms tend to allocate greater resources towards improving their knowledge and absorptive capacity and make more efforts to vertically integrate—in line with improvements in the institutional environment. These investments ensure the survivability and competitiveness of firms in the long term. Furthermore, the study demonstrates that the long-term strategic orientation of firms goes hand in hand with rising resource allocations by the nation-state towards economic development. The findings align with the institutionalist political economy views that institutions are the ultimate overseers that allow the market to operate efficiently, especially in emerging market environments. The paper is also instructive to other developing economies about the need to strengthen their institutional environments, which supports the long-term orientation of firms and has a positive impact on economic development. The analysis does not take into account the impact of sanctions on Russian business and economy, post the annexation of Crimea and the armed conflict with Ukraine. Nor does it consider the impact of COVID-19 on the economy. As such, the study attempts to constitute an untainted comparison of two paths of transition on Russian firms—shock therapy, vis-à-vis, an institutional political economy approach.

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Section: Findings and Discussionmentioning

confidence: 99%

Section: Literature Review and Research Backgroundmentioning

confidence: 99%

The Impact of Institutional Formation on Firms’ Strategic Choices in Knowledge Development, Absorptive Capacity and Vertical Integration

2022

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“…One important feature of an agglomeration economy is the co-existence of cooperation and competition effects (Sosnovskikh, 2020). From the supply perspective, the agglomeration effect facilitates travel and tourism marketing firms to share resources, risks, and costs.…”

Section: Agglomeration Effectmentioning

confidence: 99%

Determinant of the tourism economy in Chinese cities: from an urban centrality perspective

Chen

2022

Tourism Economics

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This paper aims to analyze and explain how urban centrality influences tourism development in a city. Based on the panel data of 295 prefecture-level cities in China from 2005 to 2018, the paper develops explanatory mechanisms and discusses the influence theoretically and empirically. To advance the analysis, this paper constructs a new index for urban centrality. Our empirical findings are as follows: (1) urban centrality promotes tourism income significantly. (2) Mechanism analysis illustrates that urban centrality fosters tourism through the agglomeration and industrial structure effects. (3) Heterogenous analysis suggests that the influence of urban centrality on tourism varies with city sizes and locations.

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Identification and Visualization of Regional Industrial Clusters: Case of Metallurgical Cluster in Russia

Skhvediani

Kudryavtseva

Iakovleva

et al. 2022

Communications in Computer and Information Science

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What Agglomeration Externalities Impact the Development of the Hi-tech Industry Sector? Evidence from the Russian Regions

Cited by 6 publications

References 36 publications

The Impact of Institutional Formation on Firms’ Strategic Choices in Knowledge Development, Absorptive Capacity and Vertical Integration

The Impact of Institutional Formation on Firms’ Strategic Choices in Knowledge Development, Absorptive Capacity and Vertical Integration

Determinant of the tourism economy in Chinese cities: from an urban centrality perspective

Identification and Visualization of Regional Industrial Clusters: Case of Metallurgical Cluster in Russia

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