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Trends and Factors of Development of Small and Medium-sized Businesses in Russian Regions during Сorona Crisis
[Тенденции И Факторы Развития Малого И Среднего Бизнеса В Регионах России В Период Коронакризиса]

Author

Listed:
  • Zemtsov Stepan

    (Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

  • Mikhaylov Alexander

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

In 2020, small and medium-sized businesses (SMEs) suffered from anti-epidemic measures and falling incomes of the population. We sought to identify trends and factors that influence the dynamic of the SME sector in the regions of Russia. A stronger decline in the number of SMEs was observed in the largest agglomerations, northern resource-rich and boundary regions, which was adversely affected by the stringiness of quarantine measures, and positively – by a relatively high level of income of the population, a favorable business climate and a large consumer market. The growth of employment in the SME sector in Russia is partly due to anti-crisis measures, the transition of a number of large companies to medium-sized status, as well as statistical effects. In agglomerations with large markets and a high level of digitalization, employment grew stronger. It is necessary to extend the SME support programs in 2021. Particular attention should be paid to supporting the digitalization of business, improving the business climate in the regions and increase the accessibility of large markets for SMEs. The article was written on the basis of the RANEPA state assignment research programme for 2020.

Suggested Citation

  • Zemtsov Stepan & Mikhaylov Alexander, 2021. "Trends and Factors of Development of Small and Medium-sized Businesses in Russian Regions during Сorona Crisis [Тенденции И Факторы Развития Малого И Среднего Бизнеса В Регионах России В Период Кор," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 34-45, April.
    • Handle: RePEc:gai:recdev:r2142
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    References listed on IDEAS

    as
    1. N. V. Zubarevich & S. G. Safronov, 2020. "Russian Regions in the Acute Phase of the Coronavirus Crisis: Differences from Previous Economic Crises of the 2000s," Regional Research of Russia, Springer, vol. 10(4), pages 443-453, October.
    2. Gimpelson, V. & Kapeliushnikov, R., 2015. "The Russian Labour Market Model: Trial by Recession," Journal of the New Economic Association, New Economic Association, vol. 26(2), pages 249-254.
    3. V. A. Barinova & S. P. Zemtsov & Yu. V. Tsareva., 2018. "Entrepreneurship and institutions: Does the relationship exist at the regional level in Russia?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    4. Alexei Kudrin & Sergey Sinelnikov-Murylev & Alexandr Radygin (ed.), 2020. "Russian Economy in 2019. Trends and Outlooks. (Issue 41) In English," Books, Gaidar Institute for Economic Policy, edition 1, volume 41, number re41-2020-en.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. O. V. Kuznetsova, 2021. "Economy of Russian Regions in the Pandemic: Are Resilience Factors At Work?," Regional Research of Russia, Springer, vol. 11(4), pages 419-427, October.
    2. Barinova Vera & Demidova Kseniya & Zemtsov Stepan & Tsareva Yulia, 2021. "Assessments of the Impact of the Crisis on the Development of Small and Medium-Sized Businesses by the End of 2020: Have the Forecasts of the Beginning of the Year Come True? [Оценки Влияния Кризис," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 36-48, July.
    3. Barinova Vera & Demidova Kseniya & Zemtsov Stepan & Tsareva Yulia, 2021. "Оценки Влияния Кризиса На Развитие Малого И Среднего Бизнеса По Итогам 2020 Г.: Сбылись Ли Прогнозы Начала Года?," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 7, pages 36-48, July.
    4. S. Zemtsov & V. Barinova & R. Semenova & A. Mikhailov, 2022. "Entrepreneurship Policy and SME Development during Pandemic Crisis in Russia," Regional Research of Russia, Springer, vol. 12(3), pages 321-334, September.
    5. Vera A. Barinova & Stepan P. Zemtsov & Alexander A. Mikhaylov & Yulia V. Tsareva, 2022. "Reconsidering Long-term Trends in the Development of Small and Medium-Sized Enterprises in Russia and the Regions in the post-Soviet Period [Пересмотр Долгосрочных Трендов Развития Малого И Среднег," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 29-44, July.

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    More about this item

    Keywords

    small and medium-sized business; pandemic; crisis; affected by the crisis industries; investment attractiveness index;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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