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Анализ Малого И Среднего Предпринимательства: Построение Производственных Функций С Оценкой Эффективных Фондов
[Analysis of small and medium business: The constructing production functions with estimating effective funds]

Author

Listed:
  • Gorbunov, Vladimir
  • Lvov, Alexander

Abstract

Independent self-organizing small and medium-sized entrepreneurship (SMB) is usually considered to be the most important sector of the modern economy, evolving in according to market conditions and stimulating the economy to progress. But in recent years, works have appeared that criticize the defining of this economy sector as the "locomotive" of the entire market economy. Arguments for different points of view are often based on verbal judgment and comparisons between countries, despite significant differences in the definition of small (SB) and medium (MB) businesses across countries. In this paper, for comparative analysis of industrial segments of the sectors of SB, MB, and large enterprises (LE), we suggest the method for assessing the "effective funds" (EF) of production systems and constructing their production functions (PF). The concept EF are understood as a part of the book-value production funds that actually participate in the output. This indicator is not directly measurable, but it can be estimated based on data of production investment, the number of employees and the total output of enterprises of the studied system when constructing "capital" PF. The initial version of the method was proposed by us in 2012, and here a next modification is given, taking into account the specifics of the SMB reflection by Rosstat. The method is demonstrated on statistical data for the industrial segments of the SB, MB and LE sectors of the Russian economy.

Suggested Citation

  • Gorbunov, Vladimir & Lvov, Alexander, 2021. "Анализ Малого И Среднего Предпринимательства: Построение Производственных Функций С Оценкой Эффективных Фондов [Analysis of small and medium business: The constructing production functions with est," MPRA Paper 109157, University Library of Munich, Germany, revised 14 Jul 2021.
    • Handle: RePEc:pra:mprapa:109157
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation

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