SPECIAL ASPECTS OF INTERACTION OF INDUSTRIAL ENTERPRISES AND FINANCIAL INSTITUTIONS WITHIN THE PETROCHEMICAL AND ENERGY CLUSTERS OF THE REPUBLIC OF TATARSTAN

The issue of interaction between the real and financial sectors of the economy always attracts the attention of the scientists-economists, and in the modern conditions, its significance increases.

The identification of forms of interaction between the real and financial sectors in various clusters of regional economy has the crucial significance for the industrial policy formation. The detection of the dimensions and the reasons for the differences in the interaction of the companies of real and financial sectors depending on the regional cluster direction will allow developing the complex of the effective measures to stimulate the economic growth and overcome the structural disparities of the economy.

This paper analyzes the process of integration of the real and financial sectors based on the cluster approach. The authors compare the conditions and the factors of the interaction of the industrial enterprises, the participants of the stock market and banking sector. The research objective is to identify the specific nature of the interaction of industrial enterprises and financial institutions depending on the conditions and external parameters of development of the territorial clusters. The challenge is to determine the causes and the factors that are critical for the formation of the model of interaction of a cluster with the financial institutions and for the enterprises’ application of tools to involve financial resources.

Two industrial clusters of the Republic of Tatarstan, the energy and the petrochemical clusters that have the considerable differences in the interaction with the financial institutions, were selected for the study. As the result, the authors identified the factors determining these features.