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Economic Analysis: Theory and Practice
 

A comparative analysis of development of small petrochemical business of Russia and the European Union member states

Vol. 13, Iss. 26, JULY 2014

Available online: 8 July 2014

Subject Heading: BUSINESS CATEGORY ANALYSIS

JEL Classification: 

Pages: 32-38

Gorlov A.V. Central Economics and Mathematics Institute, RAS, Moscow, Russian Federation
del_piero10@inbox.ru

The article presents a comparative analysis of development of small petrochemical business in Russia and the European Union member countries. Using the methods of a correlation and regression analysis, the author reveals the major factors impacting on development of this sector of economy. The author derives regression equations describing dependence of an indicator of small petrochemical business development on the included factors. The defined scenarios submit experimental expected calculations of an indicator's dynamics of small petrochemical business development in Russia and the European Union countries for 2013-2015. The article contains certain recommendations on stimulation of development of small petrochemical business in Russia.

Keywords: small petrochemical business, small enterprise, production factor, development, gross output, correlation and regression analysis, scenario calculation, forecasting, Routh-Hurwitz stability criterion

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