SME Exports in Novosibirsk Region: Sustainable Development Trends

Abstract

The study aims at identifying stable trends in the development of export flows by small and medium enterprises at the regional level as exemplified by the Novosibirsk Region (Russia). Studying the sustainability of trends in SME exports at the regional level provides valuable insights into the potential for regional economic growth, diversification, and environmental sustainability, and inform policy decisions to support these goals. Standard statistical analysis methods to reveal trends in export flows in absolute and relative terms, determine the relationship between them and identify their specifics were used. The authors assessed the stability of trends and the volatility of exports by regional small and medium enterprises through the method of dynamic norms. According to the study results, more than half of exports by small and medium enterprises in the Novosibirsk Region are formed by nonresource goods. However, its share in the overall Russian export structure is extremely insignificant, especially considering the region's developed manufacturing sector. This study's methodology and insights offer a significant contribution to the field of regional economic development, making it a valuable resource for policymakers and researchers alike.