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Abstract The paper is devoted to the clustering of coal-mining regions of Russia based on the analysis of their investment and innovation activity. The indicators characterizing investment and innovative activity were formed. The group of investment indicators included indicators highlighting the total shares of investment in fixed capital by types of activities related to the extractive and manufacturing industries. To assess innovation activity the total share values of the costs on technological innovations of extractive and manufacturing organizations were calculated. The results of hierarchical analysis fulfilled on the group of investment activity indicators allowed authors to identify four clusters of coal-mining regions. The coal-mining regions were divided into three clusters based on the indicators of innovation activity. Verbalization of the results allows authors to conclude that the most of coal-mining regions are characterized with the following: low/medium level of investment activity in extractive and manufacturing industries; medium level of innovation activity in extractive industries and medium/low level of innovation activity in manufacturing industries. On the whole, coalmining regions are not able to modify the general «picture» of resource-mineral-raw materials dependency of the Russian economy in the short-term period.
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