Econometric Modeling of Clustering Processes in the Agricultural Sector and its Prospects

Abstract

World experience of the past years shows that the formation of regional clusters is one of the most promising forms of spatial economy organization. In the regional management system, this approach concentrates all the effects of public-private partnership and interaction of business entities by stimulating the emergence of synergies within the spatial-network regional structures due to the diffusion of innovations that, ultimately, leads to the rapid socio-economic development of deprived areas.