Russian Pharmaceutical Companies Export Potential in Emerging Regional Clusters Cover Image

Экспортный потенциал российских фармацевтических предприятий в формирующихся региональных кластерах
Russian Pharmaceutical Companies Export Potential in Emerging Regional Clusters

Author(s): Elena Vladimirovna Sapir, Igor Andreyevich Karachyov, Mingzhu Zhang
Subject(s): Economy, Geography, Regional studies
Published by: Институт экономики Уральского отделения Российской академии наук
Keywords: regional cluster; export potential of the enterprise; geo-economics; micro-level and meso-level factors; pharmaceutical industry;

Summary/Abstract: This article analyzes a diverse range of the enterprise’s export potential growth factors in emerging pharmaceutical clusters ofCentral 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 withthe results of export performance. The purpose of the study is to provide exports-seeking pharmaceutical companies with aset of tools to enhance their export potential. The hypothesis that the cumulative impact of the specified attributes leads tothe strengthening of pharmaceutical cluster export potential and promotes an effective integration of the region in the worldeconomic space, is developed and tested. The methodology combines the geo-economy-based theory with the theory of clusterscompetitive advantages. The impacts of export potential growth factors are estimated by using an econometric model based onmath 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 clusterorigin (network business chains, production functions interconnectedness and flexibility, production localization). An actionplan for the purpose of the maximum use of competitive advantages of the cluster organization for export activities of theentities of the pharmaceutical industry is developed. Conclusions and recommendations of the study are intended to enterprisesin pharmaceutical industry and regions’ public authorities, implementing cluster development strategies. It is thus essentialto 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 fromRussian pharmaceutical firms’ export potential growth.

  • Issue Year: 12/2016
  • Issue No: 4
  • Page Range: 1194-1204
  • Page Count: 11
  • Language: Russian