Title: Financial transparency in budget sector of economy as a necessary condition of clustering

Authors: Olga B. Ivanova; Natalia G. Vovchenko; Elena D. Kostoglodova; Lyudmila V. Bogoslavtseva; Svetlana N. Rukina; Oksana I. Karepina

Addresses: Department of Finance, Rostov State Economic University (RINH), Rostov-on-Don, Russia ' Department of Finance, Rostov State Economic University (RINH), Rostov-on-Don, Russia ' Department of Finance, Rostov State Economic University (RINH), Rostov-on-Don, Russia ' Department of Finance, Rostov State Economic University (RINH), Rostov-on-Don, Russia ' Department of Finance, Rostov State Economic University (RINH), Rostov-on-Don, Russia ' Department of Finance, Rostov State Economic University (RINH), Rostov-on-Don, Russia

Abstract: The purpose of the article is to determine the current state and perspectives of increase in financial transparency in budget sector of economy and its interconnection with the process of clustering using the example of modern Russia. As methodological basis, the work uses the method of regression analysis which allows determining the connection between financial transparency in budget sector of economy and development of clustering in Russia.

Keywords: budget sector of economy; clustering; financial transparency.

DOI: 10.1504/IJTGM.2017.086080

International Journal of Trade and Global Markets, 2017 Vol.10 No.2/3, pp.207 - 216

Received: 15 May 2016
Accepted: 10 Sep 2016
Published online: 22 Aug 2017 *

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