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Entrepreneurship and Sustainability Issues Open Access
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Received: 2017-07-15  |  Accepted: 2018-01-10  |  Published: 2018-03-30

Title

Industrial cooperation and its influence on sustainable economic growth


Abstract

The stability of economic development is determined by the features of the network structure in collaborative engagement of enterprises. Industrial cooperation is just one part of that process; it differs in spatial coverage and range of activity. The complexity of taking into account the synergistic effect that arises in this case stresses the importance of this question from the theoretical and practical points of view. For this purpose, the paper considers the essence of industrial cooperation, some approaches to agglomerative tendencies and conceptual visions of cooperation from the standpoint of institutional theory. The investigation of the influence of cooperation on economic growth is based on several hypotheses. The first one is about the positive correlation between the studied parameters; the second one is about the fact that protection of institutional property rights is an important factor in cooperation development. These theories have been studied within the frame of loglinear model using the table of data about 20 European countries for the forecast period of 2017-2021. The results show that the mature system of industrial cooperation allows providing an additional economic growth at the level of 2.3-3.0%. It is also important to conclude that cooperation enhances the factor impact of the usual determinants of economic growth (working labor, capital and export). The model also takes into account some other possible determinants of economic growth such as expenses on research and development, use of a right of intellectual property and the Index of Economic Freedom. At the same time, a lax regulation in the sphere of property rights protection can become an incentive for co-operators. These and some other provisions determine the ways of enhancing of activity of enterprises for their close collaboration; it is emphasized that the development of co-operational relations has a great impact on competitiveness and sustainability.


Keywords

industrial cooperation, determinants of economic growth, integrated entities, effects of cooperation, sustainable economic growth


JEL classifications

C52 , D22 , E66


URI

http://jssidoi.org/jesi/article/160


DOI


HAL


Pages

467-479


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Fomina, Alena V.
Central Research Institute of Economy Management and Information Systems "Electronics", Moscow, Russian Federation http://instel.ru
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Berduygina, Oksana N.
Tyumen Industrial University, Tyumen, Russian Federation https://www.tyuiu.ru
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Shatsky, Alexander A.
Russian State Social University, Moscow, Russian Federation http://rgsu.net
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

5


Number

3


Issue date

March 2018


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 374  |  PDF downloads: 247

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