Abstract
An important engine of economic development of the country is the development of small and medium enterprises. At the same time, small and medium-sized businesses, being elements of the economic system, have a significant impact on the overall economic growth of the country. Thus, there is a mutual influence of economic units on the economy as a whole. The purpose of the article is to study the impact of small and medium-sized enterprises of small and medium-sized enterprises on the gross domestic product on the example of Eastern European countries. Methods: analysis, description, observation, comparison, generalization, induction, deduction, grouping, systematization, tabular and graphical representation. Results: The level of ease of doing business in Eastern Europe was analyzed according to the Ease of doing business ranking and it was found that the Czech Republic and Poland are among the 40 countries in Eastern Europe ranked 40th and 41st out of 190 possible. It is established that the subjects of small (including micro-enterprises) and medium-sized enterprises belonging to the non-financial sector, in the structure of all enterprises of the non-financial sector of each of the studied countries occupy more than 90%. It was found that a significant share in the structure of small and medium enterprises in Eastern Europe is occupied by micro-enterprises, while the share of medium-sized enterprises is the lowest. The results of regression analysis to determine the impact of small and medium enterprises on the economic growth of countries obtained by establishing the dependence of GDP on Turnover of the non-financial business economy by size class of employment. Revealed a high dependence of GDP Turnover of the non-financial business economy by size class of employment in all surveyed countries in Eastern Europe.
Highlights
The driving force of economic growth in each country is the development of small and mediumsized enterprises, as small and medium-sized enterprises are more flexible to operate in a competitive environment than large enterprises
Practice shows that a significant share in the structure of production of highly developed countries is occupied primarily by small and medium enterprises, as evidenced by the size of their gross domestic product (Gross domestic product)
Research tasks: - to analyze the level of ease of doing business in Eastern Europe by Ease of doing business ranking; - to analyze the state of development of small and medium enterprises in the countries of Eastern Europe; - to conduct a regression analysis to establish the dependence of the variable, which is a key indicator of economic development of the country on the independent variable, as an indicator of the activities of small and medium enterprises on the example of Eastern Europe
Summary
The driving force of economic growth in each country is the development of small and mediumsized enterprises, as small and medium-sized enterprises are more flexible to operate in a competitive environment than large enterprises. Practice shows that a significant share in the structure of production (goods, works, services) of highly developed countries (market economies) is occupied primarily by small and medium enterprises, as evidenced by the size of their gross domestic product (Gross domestic product). It should be noted that small and medium enterprises, being elements of the economic system, significantly affect the overall economic growth of the country. The role of small and medium enterprises in the economic growth of the country is especially important, which determines the relevance of the subject of this study
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