Abstract
The paper aims to assess the need for the financial support of the cooperative sector of the economy, depending on the national income level, as well as the benefits of the state support. For the study sample, we choose five countries from each income group of the World Bank classification. For each group, we calculated the correlation between the number of cooperatives, the state financial support for the cooperative sector, and high-tech exports (via correlation analysis). Moreover, we identified the prospects for technological development of each country group at the 10× level of state financial support for the cooperative sector (via regression analysis). We identified a strong variation of correlation between the number of cooperatives and the level of state support for the cooperative sector (73.21%) and an even stronger variation of correlation between the number of cooperatives and high-tech exports (180.91%). This indicates profound differences in the demand for financial support for the cooperative sector and its effectiveness in countries with different income levels. State financial support for the cooperative sector is the most efficient in above-average income countries, where the correlation between the number of cooperatives and the state financial support is 44.39%, and the correlation between the number of cooperatives and high-tech exports is 78.20%.
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Melnikov, A.B., Yankovskaya, V.V., Korolkova, N.A., Grazhdankina, O.A., Lukomets, A.V. (2022). State Financial Support for the Cooperative Sector of the Economy: Assessing the Need Depending on the Income Level. In: Bogoviz, A.V., Suglobov, A.E., Maloletko, A.N., Kaurova, O.V. (eds) Сooperation and Sustainable Development. Lecture Notes in Networks and Systems, vol 245. Springer, Cham. https://doi.org/10.1007/978-3-030-77000-6_64
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DOI: https://doi.org/10.1007/978-3-030-77000-6_64
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