Turnover of Russian small enterprises: results of modeling
Keywords:
Production function, Small enterprise, Microenterprise, Investments, Wages, Regions of Russia
Abstract
The entrepreneurship started in Russia during the process transformation of state economy into market economy, beginning from 1992. The aim of the study was to assess the two-factor production functions that describe the dependence of the volume of production of small enterprises on the wages of their employees and investments in fixed assets. The study was based on empirical spatial data characterizing the activities of small enterprises and microenterprises. Official statistical information on 82 regions of Russia for 2017 was used. Proven the high quality of approximation of the initial data by the two-factor production functions. The results of the study, namely new knowledge and tools are of scientific and practical importance and can be used in monitoring of business climate in regions, determining resource needs.
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References
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Sollner, R. (2014). "The economic importance of small and medium-sized enterprises in Germany", Wirtschaft und Statistik, no. January, pp. 40-51.
Strategy of SME development in the Russian Federation for the period up to 2030: the order of the government of 2.06.2016 No.1083-R. Available from http://www.consultant.ru/document/cons_doc_LAW_199462/f3fa9da4fab9fba49fc9e0d938761ccffdd28 8bd/ (accessed: 16 December 2018).
Adamaliev, K. R. & Khalilov, M. A. (2016). "Models of production functions of the regions: calculation of parameters and characteristics, analysis of dependence of output on resources". Fundamental research, no. 4-2, pp. 339-345.
Afanasiev, A. A. & Ponomareva, 0. S. (2014). "Production function of national economy of Russia in 1990- 2012", Economics and mathematical methods, no. 50(4), pp. 21-33.
Antipov, V. I. (2012). "Production function of the Russian economy". Economics, Statistics and Informatics, no. 5, pp. 101-104.
Baranov, S. V. (2014). "Economic models of production functions: History and modernity". Economic Science, no. 10, pp. 53-57.
Batool, S. & Zulfiqar S. (2013). "Analyzing the Input Output Relationship of Small and Medium Enterprises in Pakistan: An Econometric Approach", International Journal of Business and Economic Development, no. 1(1), pp. 66-73.
Baumol, W. J. (2004). "Entrepreneurial enterprises, large established firms and other components of the free-market growth machine", Small Business Economics, no. 23, pp. 9-21.
Bessonov, V. A. & Tsukhlo, S. V. (2002). "Problems of construction of production functions in the Russian Transitional economy", Analysis of dynamics of the Russian transitional economy. Institute of Economy of transition period, pp. 5-89.
Bohorquez, V. & Esteves, J. (2008). "Analyzing SMEs size as a moderator of ERP impact in SMEs productivity", Communications of the IIMA. no. 8(3).
Charoenrat, T. & Harvie, C. (2013). "Technical Efficiency of Thai Manufacturing SMEs: A Stochastic Frontier Analysis", Australasian Accounting. Business and Finance Journal, no. 7(1), pp. 97-122.
Chepurenko, A. Y. (2017). "Combining a universal concept with national characteristics: support of small and medium enterprises", Issues of state and municipal management, no. 1, pp. 7-30.
Decker, R.; Haltiwanger, J.; Jarmin, R.; & Miranda, J. (2014). "The Role of Entrepreneurship in US Job Creation and Economic Dynamism", Journal of Economic Perspectives, vol. 28, no. 3, pp. 3-24.
Development of small and medium entrepreneurship. Foreign experience. (2015). SME Bank, Moscow, Russia.
Douglas P. (1967). "Comments on the Cobb-Douglas Production Function", The Theory and Empirical Analysis of Production. Columbia University Press, pp. 15-22. National Bureau of Economic Research, available at: http://www.nber.org/chapters/cl474. (accessed 15 December 2018).
Draper, N. & Smith, H. (1998). Applied regression analysis, John Wiley & Sons, New York, USA.
Federal service of state statistic. Small and medium entrepreneurship in Russia, available at:http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/publications/catalog/doc_ll 39841601359 (accessed 15 January, 2018).
Felipe, J. & McCombie, J. (2012). "Problems with Regional Production Functions and Estimates of Agglomeration Economies: A Caveat Emptor for Regional Scientists", Cambridge Centre for Economic and Public Policy. Working Paper no. 725.
Gafarova, E. A. (2013). "Modeling of regional development on the base of production functions", Naukovedenie, no. 3, pp. 1-7.
Gavrilenkov, E. E. (2000). "Economic growth and long-term development strategy of Russia", Russian economy: experience of transformation of the 1990s and prospects for its development. GU-VSFIE, Moscow, pp. 55-78.
Gladkova, V.E., Yakhyaev, M.A., Korolkov, V.E., Smirnova, I.A., Litvinenko I.L., Pinkovetskaya Ju.S. (2018). The access of russian small enterprises to public procurement markets: data analysis. Amazonia Investiga. Vol. 7. Núm. 15. P. 20-31.
Granberg, A. G. (1988). "Modeling of the socialist economy", Economics, Moscow, Russia.
Flusain, S. & Islam, M. S. (2016). "A Test for the Cobb Douglas Production Function in Manufacturing Sector: The Case of Bangladesh", International Journal of Business and Economics Research, no. 5(5), pp. 149-154.
International Labour Conference, 104th Session. Report IV Small and medium-sized enterprises and decent and productive employment creation. Geneva: International Labour Office (ILO), 2015. 26 p.
Khatun, T. & Afroze, S. (2016). "Relationship between real GDP and Labour and Capital by applying the Cobb-Douglas production function: a comparative analysis among selected Asian Countries", Journal of Business Studies, vol. XXXVII, no. 1, pp. 113-129.
Khodasevich, G. B. (2017). "Working with experimental data processing on computer. Part 2. Processing one-dimensional arrays", available at: http://dvo.sut.ru/libr/opds/il30hod2/index.htm (accessed: 16 December 2018).
Kleiner, G. B. (1986). "Production functions: Theory, methods, application". Finance and statistic, Moscow, Russia.
Mosina, E. A. (2016). "Regional small business: the necessary conditions and prospects for development", Social policy and sociology, vol. 15, no. 1 (114), pp. 17-23.
Nikonorov, V. M. (2017). "Refined evaluation of the production function of retail trade of the Russian Federation", Society: politics, economics, law, no. 9, pp. 32-36.
Nosov, V. V. & Aznabaev, A. M. (2016). "Production function in modeling GDP of the BRICS", New University. Series: Economics and law, no. 10(68), pp. 20-24.
On the development of small and medium enterprises in the Russian Federation: Federal law of 24.07.2007 № 209-FZ. Available from http://www.consultant.ru/document/cons_doc_LAW_52144/ (accessed: 16 December 2018).
Pindyck, R. & Rubinfeld, D. (2013). Microeconomics, Pearson, New York, USA.
Pinkovetskaia, I. S. (2014). "Some results of modeling volumes of production of entrepreneurial structures", ETAP: economic theory, analysis, practice, no. 2, pp. 107-126.
Pinkovetskaia, I., Arbeláez Campillo, D.F., Rojas-Bahamón, M.J., Gromova, T., Nikitina, I. (2019a). Female entrepreneurship development in the Russian Federation. Amazonia Investiga. Vol. 8. Num. 18. P. 111-118.
Pinkovetskaia, I., Balynin, I., Arbeláez Campillo, D.F., Rojas-Bahamón, M.J.. (2019b). Small business development in Russia: results of the assessment of sectoral structure and number of employees // ESPACIOS. Vol. 40. Num. 7. P. 1-12.
Pshenichnikova, S. N. & Romanyuk, I. D. (2017). "Analysis of production of Cobb-Douglas production function for the economy of Russia and some countries of Central and Eastern Europe", Proceedings of Southwest state university. Series: Economics. Sociology. Management, vol. 7, no. 3 (24), pp. 148-166.
Sadovin N. S. & Kokotkina T. N. (2017). "Economic analysis of statistical estimates of parameters of multiplicative production functions modeling the gross regional product", Actual problems of economy of modem Russia, no. 4, pp. 46-50.
Safiullin, R. G.; Grishina, T. P. & Malikova, E. R. (2016). "Territorial dynamics of competitiveness of small entrepreneurship in Russia", Successes of modem natural science, no. 11-2, pp. 390-395.
Sage, A. P. & Rouse, W. B. (2011). "Economic systems analysis and assessment cost, value, and competition in information and knowledge intensive systems, organizations, and enterprises", John Wiley & Sons, New York, USA.
Sokol, A. G.; Kutychkin, A. V. & Petrov, A. A. (2017). "On the use of production functions to simulate the functioning of regional economy", Bulletin of the South Ural state University. Series: computer technology\ control,electronics, vol. 17, no. 4, pp. 85-97.
Sollner, R. (2014). "The economic importance of small and medium-sized enterprises in Germany", Wirtschaft und Statistik, no. January, pp. 40-51.
Strategy of SME development in the Russian Federation for the period up to 2030: the order of the government of 2.06.2016 No.1083-R. Available from http://www.consultant.ru/document/cons_doc_LAW_199462/f3fa9da4fab9fba49fc9e0d938761ccffdd28 8bd/ (accessed: 16 December 2018).
Published
2019-04-29
How to Cite
Pinkovetskaia, I., Pustynnikova, E., & Sverdlikova, E. (2019). Turnover of Russian small enterprises: results of modeling. Amazonia Investiga, 8(19), 24-33. Retrieved from https://www.amazoniainvestiga.info/index.php/amazonia/article/view/191
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