Abstract
Institutional aspects of business become more and more pertinent. Russian enterprises acts in the environment that is currently imperfect and does not provide comfortable conditions for the growth of small and medium enterprises. Trust is the foundation for construction of a friendly institutional environment, a basic institution required for cooperation between any kinds of subjects. Large enterprises are the core of the Russian economy, they are a stable source of financing the federal budget. Small and medium-sized businesses face two complexities: weak government support and in a business environment characterized by a low level of trust. The purpose of the article is to assess the interrelation of trust indicators in the Russian economy with the main economic indicators using methods of correlation and regression analysis. The parameters of the models are evaluated on the basis of the data of VCIOM (The Russian Public Opinion Research Center) and Rosstat (Russian State Statistics Agency). The main conclusion of the study is the most significant impact on the economy of such a trust indicator as the index of favorable conditions for making large purchases. This indicator can be used for modeling and managing the economic growth in the modern Russian economy.
Highlights
The Russian economy is developing as an important part of the Eurasian economic space, as a key member of BRICS and SCO
Trust is the foundation for creating a friendly institutional environment, the basic institution, which in principle is necessary for interaction between any subjects
The purpose of the article is to assess the interrelation of trust indicators in the Russian economy with the main economic indicators
Summary
The Russian economy is developing as an important part of the Eurasian economic space, as a key member of BRICS and SCO. Integration of economies, building economic ties requires a healthy and sustainable business environment that is friendly to the many parties involved in its work. Institutional environment is formed, as a rule, spontaneously, and it is extremely difficult to control the process of creating a friendly institutional environment from above. Trust is the foundation for creating a friendly institutional environment, the basic institution, which in principle is necessary for interaction between any subjects. The reason for this is that for the Russian economy the problem of trust is one of the most important. The purpose of the article is to assess the interrelation of trust indicators in the Russian economy with the main economic indicators
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