SPATIAL AND TIME APPROACH TO THE CONSTRUCTION OF PRODUCTION FUNCTIONS FOR SMALL ENTREPRENEURSHIP IN THE REGIONS OF RUSSIA
J.S. Pinkovetskaya
Keywords: Production function, spatial and panel data, small enterprises, turnover, investment, wage
Abstract
The paper presents the methodical approaches and the results of construction the production functions, based on the use of spatial data for 2011 year and panel data for the period of 2007 year till 2011 year. Present functions, characterize the activity of the aggregation of small enterprises through the regions of the Russian Federation. Functions describes the dependence of turnover small enterprises from investment in fixed capital and wage of employees of these enterprises. Discuss the main characteristics of the achieved production function and their comparative analysis.
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