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Forecasting entrepreneurship development trends in Russia

Vol. 14, Iss. 10, OCTOBER 2018

PDF  Article PDF Version

Received: 28 May 2018

Received in revised form: 24 June 2018

Accepted: 16 July 2018

Available online: 15 October 2018

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: M13, M20, M21, M29

Pages: 1813–1829

https://doi.org/10.24891/ni.14.10.1813

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Mulendeeva A.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
alena-mulendeeva@yandex.ru

ORCID id: not available

Importance The research examines the entrepreneurship development trends in Russia and forecasts their future behavior.
Objectives The research constitutes a forecasting analysis of the Russian business development by evaluating the growth rate of demographic indicators of the Russian entities, number of active sole proprietors, those employed in sole proprietorship, revenue from sale of goods, products, work, services.
Methods The methodology rests upon the general principles of forecasting theories and techniques for analyzing economic indicators. It also refers to fundamental laws and findings of applied researches in entrepreneurship.
Results We found that demographic indicators of the Russian entities slowed down in their growth. We also capture a consensus between sole proprietors and hired manpower on the need to develop certain types of business activities and respective spectrum of priorities.
Conclusions and Relevance The Russian entrepreneurship development depends on growth rates of revenue from sale of goods, products, services as part of the agreement between a sole proprietor and employees. There should be more possibilities for hiring migrant workers to attain priorities of sole proprietors. The outdated technological model impedes the mastering of high-technology activities, focusing on agriculture, hunting and forestry, education. The findings should be used for creating and implementing the entrepreneurship development program, setting and improving the mechanism for encouraging it in new economic circumstances.

Keywords: distribution skewness, sole proprietor, assessment, business activity, growth rate

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