Abstract

The competitiveness of modern economy is determined mainly by the high-technology business activities Case of Russian economy is under discussion. The paper is concentrated on the revealing and estimation the factors of growth of the companies operating in knowledge-intensive services and high-tech manufacturing sector of national economy. The empirical part is based on data provided by Business Environment and Enterprise Performance Survey (BEEPS) arranged by the World Bank. Dynamics of employees' number during three years was chosen as an explaining variable. Such approach is quiet common. Internal determinants were presented by factors related to innovative capacities, human capital, resource conditions and financial limitations. Company's age and ownership structure were taken into account also. A two-step assessment procedure was applied in order to determine and estimate the factors of growth. Significant factors were selected with the help of best subsets regression and then these factors were further analyzed using OLS. Results revealed that company's age has negative influence to its growth in both analyzed sectors; another common factor which has positive influence is presented by highly educated employees' share. Share of dominating owner and credit application turned to be positively significant for knowledge intensive services. Government subsidies and equipment purchase positively influence on manufacturing companies' growth.

Original languageEnglish
Title of host publication2018 14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages398-401
Number of pages4
ISBN (Electronic)9781538670545
DOIs
Publication statusPublished - 26 Nov 2018
Event14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018 - Novosibirsk, Russian Federation
Duration: 2 Oct 20186 Oct 2018

Conference

Conference14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018
CountryRussian Federation
CityNovosibirsk
Period02.10.201806.10.2018

Keywords

  • growth factors
  • manufacturing and knowledge intensive companies
  • Russian high tech business

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