Assessing the Potential of Small Business Development in the Northern Region of Russia Based on Correlation Analysis

I.V. Takmasheva, D.V. Sannikov
European Research Studies Journal, Volume XXI, Issue 4, 577-587, 2018

Abstract:

The present article deals with the study of the current state of small business in the Khanty-Mansiysk Autonomous District - Yugra. For this purpose, a systematic analysis of the following socio-economic development indicators of the District was carried out: the average number of small business employees (excluding external part-time employees), trade turnover of small businesses, and expenditures of the consolidated budget of the entity of the Russian Federation on the development of entrepreneurship. The authors of the article assess the contribution of small business to the gross regional product. In the course of the research, using correlation analysis, the intercorrelation among small business development indicators of the Northern Region of Russia was revealed. The strongest correlation was observed between the number of small enterprises and the number of people employed in small enterprises, while the weakest correlation was revealed between the number of employees and the budget expenditures on the national economy. The research results can be used by specialists working in the departments dealing with the support of small and medium-sized businesses in the region, as well as by those who are analyzing the current state of the entrepreneurial business and assessing the effectiveness of implemented measures.


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