Regional Economics: Theory and Practice

Demand and supply factor monitoring as a way of regulating the development of small business in the regional economy

Vol. 15, Iss. 11, NOVEMBER 2017

Received: 27 September 2017

Received in revised form: 17 October 2017

Accepted: 8 November 2017

Available online: 15 November 2017


JEL Classification: R11, R15, R59

Pages: 2138–2151

Baranov M.A. Perm State National Research University, Perm, Russian Federation

Importance The article focuses on the issues of economic and management relationships that arise in the process of regulating small business development.
Objectives The article aims to cover the methodological background for the possible monitoring of demand-side and supply-side factors in the regional economy as a way of regulating the development of small enterprises.
Methods For the study, I used the methods of statistical data analysis, induction, deduction, synthesis, and abstraction.
Results The article describes the functions of small enterprises, provides an econometric analysis of the relationship between the number of small enterprises in the Perm Krai and the supply and demand determinants in the region. It identifies multiple and pair correlation coefficients and presents a methodology for monitoring of supply and demand factors.
Conclusions and Relevance Support programs for small and medium-sized enterprises include financial, property, information and advisory support, but the underlying causes of new small enterprises establishment have not been assessed currently in a sufficient manner. The results of the work can be used by public authorities involved in the small business sector development at the macroeconomic level.

Keywords: small business, functions, demand-side factors, supply-side factors, monitoring, econometric analysis


  1. Baranov M.A. [The interrelation between small business development and regional economic growth (on the example of Perm region)]. EUROPEAN RESEARCH: materialy VI mezhdunarodnoi nauchno-prakticheskoi konferentsii [Proc. 6th Int. Sci. Pract. Conf. EUROPEAN RESEARCH]. Penza, Nauka i Prosveshchenie Publ., 2016, pp. 201–205.
  2. Aleksandrin Yu.N. [Specifics of the State support system for small innovative business in South Korea]. Ekonomika: teoriya i praktika = Economics: Theory and Practice, 2016, no. 1, pp. 75–80. (In Russ.)
  3. Aleksandrov P.A. [Diversification of the State support of small business in single-industry towns of Russia]. Vestnik Astrakhanskogo gosudarstvennogo tekhnicheskogo universiteta = Vestnik of Astrakhan State Technical University. Series: Economics, 2016, no. 2, pp. 51–57. URL: (In Russ.)
  4. Alieva A.B. [The infrastructure of small and medium-sized business support in the Republic of Buryatia]. Innovatsionnaya ekonomika: perspektivy razvitiya i sovershenstvovaniya, 2015, no. 2, pp. 22–24. URL: (In Russ.)
  5. Bogachkova L.Yu., Usachev A.A. [Regulation of small and medium-sized business development in Russia: problems and solutions]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Ser. 3: Ekonomika. Ekologiya = Science Journal of Volgograd State University. GLOBAL ECONOMIC SYSTEM, 2015, no. 3, pp. 52–61. (In Russ.) URL:
  6. Belova I.A. [Development of infrastructure of the State support of the enterprises of small and medium business in Russia]. Vestnik Chelyabinskogo gosudarstvennogo universiteta = CSU Bulletin, 2016, no. 6, pp. 77–85. URL: (In Russ.)
  7. Bukhtiyarova T.I., Dubynina A.V. [Forming a model of infrastructural support of small and medium business]. Sotsium i vlast' = Society and Power, 2016, no. 3, pp. 73–79. URL: (In Russ.)
  8. Efremenkova D.A., Slyusarenko T.V. [The Competence of Local Governments in the Sphere of Support and Development of Small and Medium-Sized Enterprises]. Upravlenets = The Manager, 2016, no. 6, pp. 62–67. URL: (In Russ.)
  9. Zabolotskaya V.V., Khut N.A. [The comparative analysis of the State support of small and medium-sized businesses in Russia and abroad]. Teoriya i praktika obshchestvennogo razvitiya = Theory and Practice of Social Development, 2015, no. 10, pp. 46–49. URL: (In Russ.)
  10. Zainutdinov R.R. [Perfection of regional practice of development of small business in oil and gas extraction region (on materials of Khanty-Mansi Autonomous Okrug-Yugra)]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2014, no. 15, pp. 103–112. (In Russ.)
  11. Rechko G.N., Os'kina N.A., Loginova E.Yu. [Enterprise in regional economic model: infrastructure of development]. Vestnik Kuzbasskogo gosudarstvennogo tekhnicheskogo universiteta = Vestnik of Kuzbass State Technical University, 2016, no. 2, pp. 146–157. URL: (In Russ.)
  12. Rudenko L.G. [Theoretical and methodological approaches to the definition of the essence of infrastructural support of small business]. Sibirskaya finansovaya shkola = Siberian Financial School, 2015, no. 5, pp. 75–80. (In Russ.)
  13. Takmasheva I.V. [Development of the State support of small business of Ugra]. Vestnik Yugorskogo gosudarstvennogo universiteta = Bulletin of Yugra State University, 2015, no. 4, pp. 73–75. URL: (In Russ.)
  14. Chernova T.V. [Small business as a basic element in the social and economic alignment of municipal areas]. Vestnik Taganrogskogo instituta upravleniya i ekonomiki, 2014, no. 1, pp. 21–24. URL: (In Russ.)
  15. Noori J., Nasrabadi M.B., Yazdi N., Babakhan A.R. Innovative Performance of Iranian Knowledge-Based Firms: Large Firms or SMEs? Technological Forecasting & Social Change, 2016, vol. 122, pp. 179–185. URL:
  16. Jernström E., Karvonen V., Kässi T., Kraslawski A., Hallikas J. The Main Factors Affecting the Entry of SMEs into Bio-Based Industry. Journal of Cleaner Production, 2017, vol. 141, pp. 1–10. URL:
  17. Qinxuan Gu, Wan Jiang, Greg.G. Wang. Effects of External and Internal Sources on Innovation Performance in Chinese High-Tech SMEs: A resource-based perspective. Journal of Engineering and Technology Management, 2016, vol. 40, pp. 76–86. URL:
  18. Benito-Osorio D., Colino A., Guerras-Martın L.A., Zúñiga-Vicente J.A. The International Diversification-Performance Link in Spain: Does Firm Size Really Matter? International Business Review, 2016, vol. 25, iss. 2, pp. 548–558. URL:

View all articles of issue


ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 15, Iss. 12
December 2017