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  • Воздействие экономических и институциональных факторов на барьеры входа компаний в российской экономике

Article

Воздействие экономических и институциональных факторов на барьеры входа компаний в российской экономике

Пивницкая Н. А., Переход С. А.

This article presents an empirical analysis of the impact of the political and economic
consequences of external crises on the development of entrepreneurship in the regions of Russia.
Entrepreneurship development contributes to economic growth and can play an important role in
stimulating long-term sustainable development, as well as reducing unemployment by creating
jobs. The data sample of the study covers the period from 2006 to 2016. Two groups of indicators
are considered: institutional and economic. The first group includes indicators of the effectiveness
of the judicial system and the level of criminality. The second group includes indicators
characterizing the degree of integration of Russian companies in the global economy. In addition,
the indicators of the quality of social infrastructure, the degree of intercompany competition,
market density and more are taken into account. Model assessment is based on the OLS method.
This paper shows that the effectiveness of the judicial system in resolving disputes related to noncompliance with contracts and non-payment of debts does not affect the business development in
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Russia. However, one of the main problems faced by Russian business owners is the high level of
corruption. Moreover, the weak diversification of the Russian economy is a key factor in the
negative impact of external economic shocks. We found a significant role of factors like the size
of the internal regional market and the coverage of residents connected to the Internet. The latter
factor shows that at present, information technologies play an important role in modern Russian
business, creating additional opportunities for expanding existing businesses as well as creating
new ones. We came to the conclusion that the problem of corruption is growing, as a significant
barrier to companies entering the market.