Trust in the Russian economy and business environment

Chelyabinsk State University, Chelyabinsk, Russia

^* Corresponding author: pletnev@csu.ru

Abstract

Institutional aspects of business become more and more pertinent. Russian enterprises acts in the environment that is currently imperfect and does not provide comfortable conditions for the growth of small and medium enterprises. Trust is the foundation for construction of a friendly institutional environment, a basic institution required for cooperation between any kinds of subjects. Large enterprises are the core of the Russian economy, they are a stable source of financing the federal budget. Small and medium-sized businesses face two complexities: weak government support and in a business environment characterized by a low level of trust. The purpose of the article is to assess the interrelation of trust indicators in the Russian economy with the main economic indicators using methods of correlation and regression analysis. The parameters of the models are evaluated on the basis of the data of VCIOM (The Russian Public Opinion Research Center) and Rosstat (Russian State Statistics Agency). The main conclusion of the study is the most significant impact on the economy of such a trust indicator as the index of favorable conditions for making large purchases. This indicator can be used for modeling and managing the economic growth in the modern Russian economy.