The development of small business as a source of formation of local budget revenues in Ukraine
-
DOIhttp://dx.doi.org/10.21511/imfi.15(1).2018.12
-
Article InfoVolume 15 2018, Issue #1, pp. 132-140
- Cited by
- 1477 Views
-
218 Downloads
This work is licensed under a
Creative Commons Attribution-NonCommercial 4.0 International License
The timeliness of the research is conditioned by the need to analyze the development of small business as an indicator of the development of the middle class, which characterizes the socio-economic level of the country in general and contributes to strengthening its financial situation. The article contains the analysis of the small business development and its influence on the formation of local budget revenues in Ukraine. Based on the correlation and regression analysis, the statistical series of the sales volume of small business was aligned, taking into account changes in the legislation for the criteria for the small business definition in 2008 and in 2012. The correlation between the sales volume of the small business and the local budget revenues of Ukraine is analyzed. In order to evaluate the certainty of the small business development trends and its impact on local budget revenues, the same analysis was done on the basis of the indicators calculated in the currency equivalent.
- Keywords
-
JEL Classification (Paper profile tab)L6, P44
-
References24
-
Tables1
-
Figures4
-
- Figure 1. The sales volume of small business and the portion of small business in the sales volume of Ukraine in 2000–2016
- Figure 2. The sales volume of small business of Ukraine in 2000–2016 taking into account the changes in legislation in 2008 and in 2012
- Figure 3. Adjusted statistical set of data of small business sales volume in 2000–2016 calculated in national currency and in dollars
- Figure 4. Linear relationship between the revenues of local budgets of Ukraine and the sales volume of small business, taking into account changes in legislation in 2008 and 2012
-
- Table 1. Sales volume of small business during 2000–2006, adjusted for 2006
-
- Apostoliuk, O. (2016). The priorities of state financial support of small business in Ukraine. Effective economy, 7.
- Bernytska, D. (2015). The issues of development of small and medium entrepreneurship in modern realities. Regional aspects of development of productive forces of Ukraine, 20, 21-26.
- Budget Code of Ukraine (2010).
- Commercial Code of Ukraine (2003).
- Danylkiv, Kh. (2015). Assessment of Regional Development of Small Entrepreneurship in Ukraine.
- Dmytriyera, V., Zakharchuk, Ya. (2011). The trends in the small businesses development in Ukraine: taking into account the specifics of these statistical sources. Economic analysis, 8, 66-73.
- Gift Donga, Hlanganipai Ngirande, & Knowledge Shumba (2016). Perceived barriers to the development of small, medium and microenterprises: a case study of Thulamela Municipality in the Limpopo Province. Problems and Perspectives in Management, 14(4), 61-66.
- Jubilant J. Sibanda, & David Charles Manda (2016). Symptoms of accounting practices that contribute to small business failures. Problems and Perspectives in Management, 14(4-1), 194-202.
- Kornecki, L. (2006). The Role of Small Business Development in Stimulating Output and Employment in the Polish Economy. Problems and Perspectives in Management, 4(1), 32-39.
- Matviyishyn, Y., Mahats, T. (2015). Freatures of small business development in Ukraine. Journal of Geography, Politics and Society, 5(2), 25-33.
- Olvinska, Yu. (2015). Regional specifics of small business development in Ukraine. In Prospects of economic development in the global crisis: collection of scientific articles (pp. 304-309). Bulgaria: Academic Publishing House of the Agricultural University Plovdiv.
- Osaulenko, O. (2011). Statistical abstract of Ukraine 2010. State Statistics Service of Ukraine. Kyiv: DP “Inform. analytic. agency”.
- Palyvoda, O., Temindarova, Yu. (2015). The Development of Small and Medium Business in Ukraine in the Context of European Economic Integration. Business-inform, 11, 267-271.
- Sharmilee Sitharam, & Muhammad Hoque (2016). Factors affecting the performance of small and medium enterprises in KwaZulu-Natal, South Africa. Problems and Perspectives in Management, 14(2-2), 277-288.
- State Statistics Service of Ukraine (n.d.). Entrepreneurial development (2010–2016).
- State Treasury Service of Ukraine (n.d.). Progress report on State budget.
- Tax Code of Ukraine (2010).
- The Centre of international private entrepreneurship. The roadmap of entrepreneurial development in Ukraine: 2015–2016 (2014). Кyiv: The Centre of public evaluation.
- The law of Ukraine. Concerning the introduction of amendments to certain legislative acts of Ukraine on business regulation (2008, September 18).
- The law of Ukraine. Concerning the introduction of amendments to the law of Ukraine “On Accounting and Financial Reporting in Ukraine” on improving some of the provisions (2017, October 5).
- The law of Ukraine. Сoncerning development and state support of small and medium business in Ukraine (2012, March 22).
- Tkachenko, T., Koliadenko, I. (2016). Specifics of small business development in Ukraine. Current issues of economics and entrepreneurship, 18.
- USAID (2016). The Annual Business Climate Assessment in Ukraine 2015 (based on the SMEs survey results).
- Vynnychenko, V., Zavgorodnia, V. (2012). Definition of subjects of small and medium enterprises according to the legislation of Ukraine.