Assessment of Small Enterprises Impact on the Development of National Economy in the Framework of the Paradigm “Structure— Conduct—Performance”
Abstract
The achievement of high efficiency of national economy implies the provision of necessary conditions for the balanced development of all forms of business organization: from large system-based enterprises to small businesses. The major focus that is still given to large and partially state-owned companies, prevents declared SMB supportive measures’ regulators from the effective implementation. This hardly helps the development of its multiple (technological, innovative, social, etc.) potential. Inevitably it is fully realized in a majority of highly-developed countries, particularly in industrial sectors. In modern
structural transformations of country’s economy and import-substituted strategies there is a strong need to reconsider this negative trend and set up relevant institutional, organizational conditions for small businesses effective functions. This is to be based on an in-depth theoretical and applied analysis.
The article presents the correlation between the activities of small enterprises and the efficiency of production, innovations and financial outcomes that is based on a large sample of industries in a number of countries. Analysis is based on the modified paradigm “Structure—Conduct—Performance” and in the frame of the Theory of industrial organization. It is implemented through the use of modern applied methods and specified impact made on structural industrial development with the focus on the SME activities.
That allows identifying major developmental factors of this sector of economy, specifying its role and functions in the development of certain industrial branches. Refs 52. Fig. 1. Table 1.
Keywords:
small business, theory of enterprise organization, paradigm “Structure—Conduct— Performance”, industrial structure, new empirical industrial organization
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Review of Industrial Organization, 1999, no. 15, pp. 303–320.
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.