Comparison of Changes in the Shares of Public and Private Funds in Cluster Budgets after 2010
Comparison of Changes in the Shares of Public and Private Funds in Cluster Budgets after 2010
Author(s): Peter BurgerSubject(s): Business Economy / Management, Present Times (2010 - today), Fiscal Politics / Budgeting
Published by: Reprograph
Keywords: clusters; financing clusters; cluster budgets; public funds; private funds;
Summary/Abstract: The scientific paper presented compares the share of public and private funds in cluster budgets. It is based on two authentic and independent primary surveys which were carried out in 2011 and 2016. In both surveys the addressed clusters responded to several questions concerning their budget structures. The goal of the surveys was to track changes in funding clusters during this five-year period and examine the statistical significance of such changes. The share of public and private funds in cluster budgets has not significantly changed from the statistical point of view, nor has the structure of public funds; the structure of private funds has changed relatively considerably, when the decreasing share of membership fees in cluster budgets has been compensated for by the revenues generated by clusters themselves from their own activities, and the share of venture capital, resources of “business angels” and other donors has also increased.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XI/2016
- Issue No: 43
- Page Range: 982-985
- Page Count: 4
- Language: English