The effect of government support measures on the Russian economy

Valeriya Malinina

Master's thesis

Abstract:

The economies of a large number of countries depend on entrepreneurship. The importance of this thesis is due to the fact that entrepreneurship plays an important role in the economic growth and development of countries around the world. Business creates and sells various goods and services, provides people with jobs, creates technologies and innovations, being the engine of progress in the modern world. In this thesis, various tools were considered with the help of which states (in particular the Russian Federation) can stimulate business development within their country. Through statistical analysis, we examined the dynamics of changes in general economic indicators, indicators of agriculture and the technology and innovation sector in Russia. By means of econometric analysis using ordinary least squares model, vector autoregression model and vector error correction model, the existence of a link between government measures to support business entities and the economy of the Russian Federation was revealed. The data for the analysis were collected from various open data sources.

Keywords

Russia, Government support, Business, Economic growth, Economic development, VECM, OLS, VAR, Cointegration

Language used: English

Date on which the thesis was submitted / produced: 31. 3. 2022

Thesis defence

• Supervisor: Mgr. Elena Kuzmenko, Ph.D.
• Reader: Alena Hatskevich, externi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics Policy and Administration / Business Administration