Small Business Contribution To The Development Of The Russia’s North-Western Federal District

Abstract

Small business is an integral part of the economic system, without which the economy and society as a whole cannot exist and develop. The growth rate of this sector in Russia and its contribution to socio-economic development is much lower than in developed countries. The results of scientific research confirm the connection between the level of development of small business in a particular region and the growth rate of its economy, the welfare of the population. The regions significantly differ from each other in a number of parameters, which leads to certain differences in the degree and nature of the influence of small business on the socio-economic development of territories. However, at the regional level, such differences are not always taken into account. Based on the available statistics, the contribution of small enterprises to the social, economic and investment development of the constituent entities of the North-West Federal District of the Russian Federation has been evaluated. As a result, it was determined that a high contribution in all three indicators is observed in the Pskov and Kaliningrad regions, a low one – in the Komi Republic, Arkhangelsk, Leningrad, Murmansk and Novgorod regions. It is obvious that the high contribution of small business to the economy of the region determines its significant role in social development and investment. The typology of the regions can be used to adjust measures to support small business, taking into account the problems and characteristics of regional development in order to increase the effectiveness of managerial impact.