Фінансово-кредитна діяльність: проблеми теорії та практики (Nov 2021)

THE SPREADING OF SMALL BUSINESS AND THE DYNAMICS OF WAGE SHARE IN THE VALUE ADDED BY SECTORS IN THE UKRAINIAN ECONOMY

  • I. Verkhovod,
  • D. Grybova,
  • K. Chernenko,
  • L. Khitsenko,
  • S. Biliaiev,
  • О. Bunchuk

DOI
https://doi.org/10.18371/fcaptp.v5i40.245245
Journal volume & issue
Vol. 5, no. 40

Abstract

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Abstract. The article has been devoted to the assessment of the impact of the spreading of the small business on the position of the employees in the relationship of the distribution of the added value. It has been researched how the potential of the small business as for the mitigation of the negative social consequences of the deterioration of the macroeconomic situation has been realized in the different types of the economic activity. As the indicator of the spreading of the small business, the part of the small business in the general number of the employees has been used. As the indicator for the assessment of the position of the employees, it is the part of the wages consisting of the added value. The limitation of the domestic statistics does not allow modeling the dependence of these indicators neither with the help of the constructing of the panel (the necessary data is available only for ten types of the economic activity) nor the dynamic database (the data is available only from 2012 to 2015). Accordingly, we have resorted to the grouping of the types of the economic activity using the average of the geometric tempos of the growth of both indicators. For 2012 and 2015, the dramatic reduction of the part of the value for the wages in the complex of the added value of the economy as a whole and all, except only one of the types of the economic activities has been taken place in the Ukrainian economy. Such tendency suggests that the burden of the deterioration of the macroeconomic dynamics puts, mainly, on the employees, the recipients of the wages, depriving the domestic economy of the important sources of the resources for the investing in the development of the human capital. Using as the indicator of the spreading of the small business of its part in the general number of the employees, we haven’t got the empirical confirmation that the growth of the part of the small business in the structure of the employment improves the economic situation of the employees as for the proportion of the distribution of the added costs value (the growth of the part of the value on the wages in the complex of the added value of the generated types of the economic activity). Accordingly, we consider that in itself the redistribution of the general number of the employees in favor of the small business is not a sufficient condition for the improving of the features of the conditions of the reproduction of the personal resources of the Ukrainian economy. The results of the research haven’t confirmed the positive impact of the spreading of the small business on the realization of the economic interests of the employees in the process of the distribution of the added value between the wages and other elements.

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