ORGANIZATIONAL AND ECONOMIC TOOLS TO INCREASE THE CONTRIBUTION OF SMALL BUSINESS TO THE SUSTAINABLE DEVELOPMENT OF THE REGION

Authors

  • Elena Berezina Cherkasy State Technological University
  • Andrey Radchenko PJSC "Agrarian Fund"
  • Anastasia Pavlova Cherkasy State Technological University

DOI:

https://doi.org/10.36690/2674-5208-2020-2-4

Keywords:

small business, region, socio-economic development, entrepreneurship, sustainable development, state support

Abstract

In modern conditions, entrepreneurial activity is increasingly becoming the basis of prosperity and economic stability of industrialized countries. The contribution of small business in solving problems of sustainability and further development of the economy of Ukraine, job creation, meeting the needs of national and regional economies and the population in goods and services, is becoming increasingly important in modern conditions.

The article substantiates the organizational and economic tools to increase the contribution of small business to sustainable development of the region, taking into account the informal component of reducing excessive administrative pressure, which provides an opportunity to determine the optimal level of administrative requirements for economic entities.

The key determinants of effective socio-economic development of individual regions that need priority attention are identified: infrastructure, investment, innovation, institutions and initiative. The conceptual model of social and economic development of the region and the algorithm of formation of priorities of sustainable development of the region taking into account the specified factors are offered. The directions of increasing the socio-economic contribution of small business to the sustainable development of the region at the present stage are identified.

Author Biographies

Elena Berezina, Cherkasy State Technological University

Ph.D. (Economics), Professor, Professor of Finance Department, Cherkasy State Technological University, Cherkasy, Ukraine

Andrey Radchenko, PJSC "Agrarian Fund"

Chairman of the Board of PJSC "Agrarian Fund", Kyiv, Ukraine

Anastasia Pavlova, Cherkasy State Technological University

graduate student of Finance Department, Cherkasy State Technological University, Cherkasy, Ukraine

References

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Published

2020-06-05

How to Cite

Berezina, E., Radchenko, A., & Pavlova, A. (2020). ORGANIZATIONAL AND ECONOMIC TOOLS TO INCREASE THE CONTRIBUTION OF SMALL BUSINESS TO THE SUSTAINABLE DEVELOPMENT OF THE REGION. Economics, Finance and Management Review, (2), 4–9. https://doi.org/10.36690/2674-5208-2020-2-4

Issue

Section

Chapter 1. Current trends in economic development