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Assessment of Relations of Business Ecosystems with the Level of Economic Development of Regions of Russia

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  • A.V. Ovchinnikova
  • S.D. Zimin

Abstract

Shifts in the economic environment are associated with the transition to a new technological order. The nascent production model is based on the creation of fundamentally new schemes of economic cooperation between economic entities. In addition, the current structural industrial crisis, exacerbated by the coronavirus pandemic, leads to a general decline in business activity, and a decrease in the growth of regional economies. One of the forms of organizing and supporting regional entrepreneurship, which can ensure the coordination of the process of interaction of economic entities on the way from general competition to general cooperation, is the regional entrepreneurial ecosystem. The aim of the study is to determine the presence of a connection between the level of development of a region's entrepreneurial ecosystem and the general level of its economic development. The research hypotheses are as follows: H1 - the higher the level of development of the regional entrepreneurial ecosystem, the higher the level and dynamics of development of the regional economy as a whole; H2 - a subject with a more developed entrepreneurial ecosystem "lures" resources and participants of neighboring ecosystems. The objects of the research are the regional economies of 79 regions of the Russian Federation in 2005-2019. To confirm the first hypothesis, a cluster analysis of the studied subjects was carried out, dividing them into four cluster groups according to the concept of the development of entrepreneurial ecosystems. To confirm the second hypothesis, we calculated the paired correlation and covariance coefficients between the deviations of the fertility rates of organizations and the rates of official liquidation by region. It has been established that regions with mature entrepreneurial ecosystems have higher indicators of economic development, as well as other key indicators of the quality of development of the region's entrepreneurial ecosystem. It was not possible to statistically confirm the second of the theses put forward. Fertility rates and the official liquidation of organizations for the subjects under study changed mainly in the same direction, that is, under the influence of the same factors. This idea is confirmed by the calculation of the pair correlation coefficients. Despite the absence of a statistical possibility of substantiating the second hypothesis of the study, the relationship between the level of development of the region's entrepreneurial ecosystem and the general level of regional economic development has been established. The results obtained can be applied in planning and forecasting the economic development of regional economies.

Suggested Citation

  • A.V. Ovchinnikova & S.D. Zimin, 2021. "Assessment of Relations of Business Ecosystems with the Level of Economic Development of Regions of Russia," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(3), pages 362-382.
    • Handle: RePEc:aiy:jnjaer:v:20:y:2021:i:3:p:362-382
    DOI: http://dx.doi.org/10.15826/vestnik.2021.20.3.015
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    References listed on IDEAS

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    More about this item

    Keywords

    entrepreneurial ecosystem; regional economy; development of entrepreneurship; factors of development of the regional economy.;
    All these keywords.

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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