THE INSTRUMENTS OF GOVERNMENT REGULATION OF BUSINESS ACTIVITY AS A FACTOR OF IMPROVEMENT OF BUSINESS ACTIVITY OF PRIMORSKI KRAI
In the market economy environment, the efficiency of a particular industry of a region depends directly on the selected system of methods and instruments of government regulation of business activity. Currently, the process of the legislation base reforming is carried out extensively; the economic entities are given a wide package of benefits and preferences stimulating the growth of business activity and investment attractiveness of a region. One of the goals of government intervention in the economy is the support of the underdeveloped regions of the country. Thus, on October 12, 2015, the Law “Concerning the free port of Vladivostok” has come into effect that, to the experts’ opinion, is the effective strategy of support of business in a specified territory. In this paper, the authors consider the issues that are important in recent years: how effective the mechanism of the economy regulation selected by the government is and what its influence on the business activity of Primorski Krai is. The paper analyzes the efficiency of government regulation of business activity of Primorski Krai, in particular: the authors studied the theoretical aspects of government regulation of business, revealed the main tasks of the government intervention in the economy according to the directions of the economic policy of the country, studied positive and negative consequences of this intervention, defined the main tools of government regulation used for support of business of Primorski Krai, and analyzed the dynamics of key indicators of business activity of the region in recent years. In the result of the analysis of such indicators as the quality of registered entrepreneurs in the region, the level of gross regional product, the fixed asset formation, and the average annual number of people involved in the economy of the region, the authors made the conclusion characterizing the level of efficiency of the instruments of regulation of business activity of Primorski Krai and the Far East in general, selected by the government.