Otsenka vliyaniya institutsionalnoy sredyi na razvitie malogo predprinimatelstva

• Authors: Natalia V. Ostapenko

Title variants

EN

Estimation of Influence of Institutional Environment on Development of Small Business

• Languages of publication: RU

Abstracts

EN

The weak development of the economy, the lack of effective mechanisms for enhancing economic growth actualized the issues of support and stimulate of small business sector as a hidden locomotive of development of the national economy. In article is analyzed the impact of key informal institutions on development of small businesses, in particular cultural patterns of behavior and the level of corruption of officials. Author defined the role of the culture and mentality of population on development level of the national economy. Author analyzed the development of the small business sector, and identified the main predictors of this process, among which are the level of GDP per capita, the level of the shadow economy, the level of interest rates on borrowings, as well as the quality of institutions in the national economy.

Keywords

EN

CULTURE; DEVELOPMENT; INFORMAL INSTITUTIONS; INSTITUTIONAL ENVIRONMENT; SMALL BUSINESSES

• Publisher: Sumy State University, Business and Management Academy of Ukraine - Sumy regional branch and Publishing Company 'University Book'
• Journal: Mekhanizm Rehuluvannya Economiky
• Year: 2013
• Volume: 3 (61)
• Pages: 156-163

Contributors

author

Natalia V. Ostapenko

• Department of Economic Theory, Taurida National V. I. Vernadsky University (TNU), Simferopol, Ukraine