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Российские Быстрорастущие Компании: Испытание Депрессией // Russia’S High-Growth Companies: Tested Through Depression

Author

Listed:
  • YURY Polunin ALEKSEEVICH

    (journal «Expert»)

  • ANDREY Yudanov YURJEVICH

    (Financial University)

  • Ю. Полунин А.

    (журнал «Эксперт»)

  • А. Юданов Ю.

    (Финансового университета)

Abstract

The search for the new growth factors of the Russian economy acquired special importance under the conditions of the today’s prolonged depression. According to international studies the high-growth companies (gazelles) act at the micro-economic level as the decisive factor of the growth of the GDP and employment. In the article is carried out the empirical estimation of the number of Russian population of gazelles and is examined thestylized life cycle of the high-growth firm. It is established that in the pre-crisis years the population of gazelles inthis country strongly exceeded the corresponding level of the developed countries. After 2008 gazelle’s population in Russia experienced a sharp reduction. Our study of the life cycle of the domestic of gazelles also confirmedtheir increased instability. The use of Birch index showed that in Russia the majority both the rapidly-growing and unsuccessfully developing firms are concentrated in one and the same branches (trade, building and other).Hypothesis is advanced, that the instability of the Russian gazelles is connected with the unfavorable business conditions in the goods producing sector of this economy. В условиях длительной депрессии особое значение приобрел поиск новых факторов роста российской экономики. Согласно международным исследованиям, на микроэкономическом уровне решающим фактором увеличения ВВП и занятости является популяция быстрорастущих компаний (фирм-газелей). В статье проведена эмпирическая оценка численности российской популяции газелей и рассмотрен типовой цикл жизни быстрорастущей фирмы. Установлено, что в предкризисные годы популяция газелей в стране в 3-4 раза превышала уровень развитых стран. Однако вопреки типичной для газелей других стран устойчивости к кризисам в России после 2008 г. их популяция испытала сверхрезкое, четырехкратное сокращение. Исследование цикла жизни отечественных газелей также подтвердило их повышенную неустойчивость. Вопреки распространенному мнению о существовании отраслей - локомотивов развития использование индекса Берча показало, что в России большинство как быстрорастущих, так и неудачно развивающихся фирм сосредоточено в одних и тех же отраслях (торговля, строительство и др.). Выдвинута гипотеза, что неустойчивость российских газелей объясняется неблагоприятными условиями ведения бизнеса в реальном секторе, и это ведет к повышенной концентрации быстрорастущих компаний в отраслях, не связанных с интенсивным созданием специфических активов.

Suggested Citation

  • YURY Polunin ALEKSEEVICH & ANDREY Yudanov YURJEVICH & Ю. Полунин А. & А. Юданов Ю., 2016. "Российские Быстрорастущие Компании: Испытание Депрессией // Russia’S High-Growth Companies: Tested Through Depression," Мир новой экономики // The world of new economy, Финансовый университет при Правительстве Российской Федерации // Financial University under The Governtment оf The Russian Federation, issue 2, pages 103-112.
  • Handle: RePEc:scn:wnewec:y:2016:i:2:p:103-112
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    References listed on IDEAS

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