BUSINESS INFORM №12-2014

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Section: Regional Economy
UDC 332.14:338.57
Ponomarenko O. O., Loseva O. H.
Cluster Approach to the Study of Inflation Processes at the Regional Level (p. 103 - 108)
The relevance of topics related to the analysis of inflation processes at the regional level is growing, considering that regionalization is a tendency of the world development. The objective of this article is to identify the feasibility of a study of inflation processes at the regional level by means of cluster analysis with a view to the further implementation of the obtained results in the formation of ways to overcome the excessive inflation in Ukraine. At the first stage of cluster analysis three groups of indexes are to be studied: index of industrial production; volume index of gross regional product; consumer price index, which are the most widely used indicator of inflation in the regional context. As result of the conducted analysis of indexes of 25 objects there are nine clusters, among which four are isolated cases, that means unique to certain indexes, and five clusters, which bring together from three to seven areas. The results, obtained in the course of cluster analysis, show as subclusters with minor differences, so the clusters with significant heterogeneity in the middle of the group. Consideration of the «local peculiarities» of the checked indexes will help to transform antiinflationary tools and enhance the effect on implementation of the local measures.
Keywords: cluster analysis, region, inflation, gross regional product, consumer price index, index of industrial production
Fig.: 2. Tabl.: 3. Bibl.: 10.

Ponomarenko Oleksandr O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic Theory and Economic Policy, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]
Loseva Olha H. – Masters Student, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Ponomarenko, Oleksandr O., and Loseva, Olha H. (2014) “Cluster Approach to the Study of Inflation Processes at the Regional Level.” Business Inform 12:103–108.

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