Forecasting the enterprise development in the field of education in the Kyrgyz Republic
Abstract
The article is focused on the analysis of problems of development and forecasting of small enterprises in the Kyrgyz Republic in the field of education. The methodology of forecasting the gross income of small and medium-sized enterprises in the field of education is offered. An approach related to the use of the least-squares method as a forecasting tool is proposed. In this regard, the conditions of formation and functioning of the market of paid educational services in the Kyrgyz Republic, which are closely related to the definition of demand, supply and market prices for educational services are characterized. The results allow us to accurately determine the interval in which we can predict with maximum probability the future volume of the gross income of small and medium-sized enterprises in education from 2019 to 2023, which will slowly decline. It was also found that small enterprises in education have certain advantages over large educational institutions. They are more dynamic, faster and more efficient in responding to changes in the domestic market, both in times of growth and in times of crisis. The findings of the research reflect the actual situation. They are adequate and can be useful in assessing the effectiveness of business creation in the Kyrgyz Republic in the provision of educational services.
Downloads
References
Avery, C., & Hoxby, C. (2004). Do and should financial aid affect students’ college choices? In C.Hoxby (Ed.), College choice (pp.239-299). Chicago, IL:University of Chicago Press.
Avraamova, Ye.M., & Loginov, D. M. (2014). Role of School Education in Development of Human Capital. Economy of Region, 9(2), 53-62. Retrieved from: https://www.economyofregion.com/archive/2014/49/2287/pdf/ (in Russian)
Beshkinskaya, E.V. (2009). Socio-economic foundations of formation and development of the system of professional educational training of entrepreneurs (PhD thesis in Economics). Moscow International Higher Business School MIRBIS (Institute), Moscow, https://static.freereferats.ru/_avtoreferats/01004665405.pdf
Bhupatiraju, S., Nomaler, Ö., Triulzi, G., & Verspagen, B. (2012). Knowledge fows – Analyzing the core literature of innovation, entrepreneurship and science and technology studies. Research Policy, 41, 1205–1218. https://doi.org/10.1016/j.respol.2012.03.011
Dissou, Y., Didic, S., & Yakautsava, T. (2016). Government spending on education, human capital accumulation, and growth. Economic Modelling, 58, 9-21. https://doi.org/10.1016/j.econmod.2016.04.015
Ehrenberg, R.G. (2000). Tuition rising: Why college costs so much. Cambridge, MA:Harvard University Press.
Ehrenberg, R.G. (2006). The perfect storm and the privatization of public higher education. Change, 38, 47-53.
Gamidova, M. S. (2003). Development of the market and entrepreneurship in education. Structuring the economy, (1), 103-109.
Huggins, R., & Thompson, P. (2015). Entrepreneurship, innovation and regional growth: A network theory. Small Business Economics, 45, 103–128. https://doi.org/10.1007/s11187-015-9643-3
Marchenko, L.Y., Korotenko, V.A., Tretiakova, T.A., & Petersone, B. (2016). Management in the Education System of the Kyrgyz Republic. Analytical Review. Bishkek: BIOM.
National Statistical Committee of the Kyrgyz Republic (2021). Statistics of the Kyrgyz Republic for 2018. Available at: http://stat.kg/ru/statistics/ (in Russian).
Ratten, V., & Jones, P. (2021). Entrepreneurship and management education: Exploring trends and gaps. The International Journal of Management Education, 19 (1), article № 100431. https://doi.org/10.1016/j.ijme.2020.100431
Shams, S.M.R., Vrontis, D., Chaudhuri, R., Chavan, G., & Czinkota, M.R. (2020). Stakeholder engagement for innovation management and entrepreneurial development: A meta-analysis. Journal of Business Research, 119, 67-86. https://doi.org/10.1016/j.jbusres.2020.08.036
Smolentseva, A. (2020). Marketisation of higher education and dual-track tuition fee system in post-Soviet countries. International Journal of Educational Development, 78, article № 102265, https://doi.org/10.1016/j.ijedudev.2020.102265
Valeev, A.A., & Valeeva, L.A. (2014). Free Education: Pro and Contra. Procedia - Social and Behavioral Sciences, 131, 66-69. https://doi.org/10.1016/j.sbspro.2014.04.081
Yami, S., M'Chirgui, Z., Spano, C., & Barykina, O.G. (2021). Reinventing science and technology entrepreneurship education: The role of human and social capitals. Technological Forecasting and Social Change, 164, article № 120044. https://doi.org/10.1016/j.techfore.2020.120044
Yessenalieva, B.B. (2019). Economic and Statistical Analysis of Education Financing in Kyrgyzstan. Bishkek: Altyn Tamga.
.gif)
