On Macroeconomic Factors of Economic Efficiency of Enterprises and Organizations

Abstract

The purpose of the work was to assess the impact of macroeconomic factors on the efficiency of enterprises and organizations in modern Russia. To assess the impact of economic growth rates, inflation, instability of economic growth on the efficiency of activities, which was estimated by the profitability of assets of enterprises and organizations, linear regression models were built using Rosstat data for the past decades. The obtained modeling results showed that the economic efficiency of enterprises and organizations in modern Russia is significantly positively affected by the rate of economic growth and the level of inflation. The instability of economic growth has a negative, but little impact on the economic efficiency of enterprises and organizations. Taking into account the average inflation rate of 10%, the positive impact of inflation on the efficiency of enterprises and organizations requires additional research, since well-known studies have shown that inflation has a positive impact on economic development, the level of which does not exceed 3–4%.