THE IMPACT OF EXPENDITURES ON INNOVATIVE TECHNOLOGIES IN REGIONAL TEXTILE INDUSTRY CLUSTERS ON ECONOMIC EFFICIENCY RESULTS

Abstract

This article analyzes the impact of expenditures directed towards innovative technologies on the economic performance indicators of regional textile industry clusters. The relevance of the study is explained by the crucial role of innovative technologies in enhancing competitiveness within the textile sector, generating high added value, and expanding export potential. The research examines data from 2019 to 2023, including sales revenue, costs, net profit, profitability levels, technological transfer expenses, and the dynamics of fixed assets. In the course of the study, economic-statistical, comparative, and dynamic analysis methods were applied, as well as elements of correlation analysis. The results indicated that, although expenditures on innovative technologies initially increased the financial burden, they led to a significant growth in production volume, revenue, and profitability indicators in the medium term. It has been substantiated that innovative investments are a crucial factor in ensuring the economic stability and competitiveness of regional textile clusters, and scientific-practical recommendations aimed at enhancing their efficiency have been developed.