Open AccessINSTITUTIONAL TRENDS OF ENTREPRENEURSHIP DEVELOPMENT IN THE REPUBLIC OF BASHKORTOSTAN
Author(s) -
E.M. Ishmukhametov,
A.I. Khisaeva,
R.R. Gaysina
Publication year - 2020
Publication title -
vestnik ugntu. nauka, obrazovanie, èkonomika. seriâ èkonomika
Language(s) - English
Resource type - Journals
ISSN - 2541-8904
DOI - 10.17122/2541-8904-2020-2-32-92-100
Subject(s) - entrepreneurship , business , subsidy , private sector , investment (military) , government (linguistics) , context (archaeology) , general partnership , public–private partnership , industrial organization , economic system , politics , finance , economic growth , economics , market economy , paleontology , linguistics , philosophy , political science , law , biology
The article sets out the organizational and economic aspects of the development of the business sector of the Republic of Bashkortostan. In the context of the study region, the key problems in the system of state support for small and medium-sized businesses were identified, which together reflected: the underdevelopment of the system of public-private and municipal-private partnerships, the weakness of the political organization of events to support and develop the private entrepreneurial sector, the lag of the region’s administrative power mechanisms in the formation of an institutional business climate and, as a consequence, a decrease in the level of economic and production potential and the region. Based on the analysis of quantitative indicators of the state of small and medium-sized enterprises of the Republic of Bashkortostan, a conceptual model of the factors of the influence of the institutional environment on the level of development of the business sector has been formed, which allows to systematize the directions of growth and popularization of forms of small and mediumsized businesses in the Republic. According to this model, the most important vectors of state support for private business entities are: development of financing systems, subsidies and loans for investment PPP projects, applied developments and business projects for the development of small business forms; the formation of an effective partnership system between government and private sectors, which provides an opportunity for business structures to take part in transforming the region’s entrepreneurial infrastructure, in organizing financing, taxation, and investment projects for SMEs; development of the information sphere of entrepreneurship support through the creation of a digital government system and the use of relevant electronic-digital technologies; stimulating the formation of a high-quality competitive environment and the competitiveness of small businesses in the market economy of a region and a country. For each identified area, according to the developed model of the factors of the impact of institutional conditions, a series of measures were proposed that provide: the formation and improvement of the image of the business sector, the expansion of the powers of small and medium-sized businesses in the implementation of public-private projects and initiatives; normalization of investment flows that increase the profitability of small firms; the establishment of effective institutional foundations in the chain of relations «state – municipality – business – society».