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


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