Classification of the Russian Arctic Zone Territories according to the Level of Small Business Development

Abstract:

This research was devoted to small business development in Arctic Zone of Russia. Structure of Russian Arctic territories was defined; statistical data were collected and analyzed in legislative borders of Arctic Zone territories. Arctic territories were classified by means of cluster analysis on small business development. Multidimensional classification revealed three clusters with different level of small business development. Marked clusters, which include arctic territories with similar level of small business, could be used for further factor analysis. Factor analysis helps to identify causes of differences in territorial small business development.