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Small and Medium Enterprise Growth Index: A New Tool for Monitoring the State of the Small and Medium Business Sector in Russia

Author

Listed:
  • A. O. Alekhnovich

    (Stolypin Institute for the Economy of Growth)

  • L. L. Anuchin

    (Stolypin Institute for the Economy of Growth)

  • A. O. Akhiev

    (Stolypin Institute for the Economy of Growth)

Abstract

The article presents the Small and Medium Enterprise Growth Index (SMEs), developed by the Stolypin Institute for the Economy of Growth based on the data of PAO Sberbank. The tool proposed by the authors allows not only to carry out operational monitoring of the state of the SME sector, but also to assess the effectiveness of state policy aimed at developing the SME sector, including with the aim of designing further measures to support it. In the context of a pandemic and sanitary and epidemiological restrictions, according to the results of the 1st–3rd quarters of 2020, the index showed moderate growth in the SME sector, close to “stagnation” (+5.8 p.). At the same time, the growth of the index relative to the 2nd quarter of 2020, during which the decline in business activity was maximum, amounted to +1 p.

Suggested Citation

  • A. O. Alekhnovich & L. L. Anuchin & A. O. Akhiev, 2021. "Small and Medium Enterprise Growth Index: A New Tool for Monitoring the State of the Small and Medium Business Sector in Russia," Studies on Russian Economic Development, Springer, vol. 32(4), pages 431-438, July.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:4:d:10.1134_s107570072104002x
    DOI: 10.1134/S107570072104002X
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    References listed on IDEAS

    as
    1. A. G. Aganbegyan & A. N. Klepach & B. N. Porfiryev & M. N. Uzyakov & A. A. Shirov, 2020. "Post-Pandemic Recovery: The Russian Economy and the Transition to Sustainable Social and Economic Development," Studies on Russian Economic Development, Springer, vol. 31(6), pages 599-605, November.
    2. Pinglin He & Hanlu Niu & Zhe Sun & Tao Li, 2020. "Accounting Index of COVID-19 Impact on Chinese Industries: A Case Study Using Big Data Portrait Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2332-2349, August.
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