Methodological Basis for the Formation of the Cluster Model to the Regional Economic Development

In the current environment, the economic clusterization, which contributes to closer interrelations between the businesses operating within this system and promotes development of the involved regions, represents one of the key factors relating to competitive ability improvement of the active businesses. Identification and assessment of regional clusters is actually regarded as an insufficiently studied issue, which fact, first of all, is linked to complexity of the region as an economic system on the whole having rather a diversified profile. This paper deals with a study of theoretical and methodological aspects pertaining to formation of clusters in the industrial sector of the region. The methodological approach as devised by the author of the present paper is based upon determination of localization coefficients, per capita production in the relevant sector, region’s specialization in manufacturing of products falling within the scope of a specific industrial sector, and integral index of clusterization potential. As a result of the calculations, several industrial sectors were identified that displayed the highest degree of clusterization reasonability, in particular, chemical, petrochemical and fuel industries. Formation and development of a petrochemical cluster, in opinion of the author, eventually will result in scoring a number of advantages for the regional economics, including new job formation, manufacturing new product lines, development of region infrastructure, upgrading the research and technology along with increasing the degree of their implementation