The Contribution of Large, Medium and Small Companies to Industry Dynamics

A. A. Blokhin (), M. V. Golovan’ and R. V. Gridin
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A. A. Blokhin: Institute of Economic Forecasting, Russian Academy of Sciences
M. V. Golovan’: Moscow State University
R. V. Gridin: Institute of Economic Forecasting, Russian Academy of Sciences

Studies on Russian Economic Development, 2023, vol. 34, issue 1, 51-58

Abstract: Abstract— The article examines the structure of industries by the size of enterprises and evaluates the contribution of different groups of companies in terms of output to the growth of industry output. It is shown that the distribution profile of companies by size in industries is different. Estimates of the contribution of large, medium and small businesses to industry indicators differ significantly depending on a number of institutional factors, including the consolidation of large businesses, the presence of a stable or emerging group of leaders, the affiliation of medium-sized businesses with the largest, as well as the processes of diversification of production going on in industries, in including the “completion” of technological chains with new operations and services. For calculations, we used information from the SPARK-Interfax database for such industries as the oil and gas industry, ferrous and non-ferrous metallurgy, coal, chemical, woodworking, paper, and light industries. On the basis of the estimates obtained, it is proposed, where necessary, to include the factor of the size of companies in the industry and other institutional characteristics in sectoral and macroeconomic forecasts.

Keywords: industry and macroeconomic forecasts; company size; big business consolidation; economic dominance theory; alpha business (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1134/S1075700723010033

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