Bulletin of
Vitebsk State
Technological
University

abstract

The normative acts including simplification of business regulations procedure, the tax burden decrease, the development of business organizations stimulation especially in rural areas contributed to the creation of favorable-climate change and the development of small business in the country and Vitebsk region. But they didn’t give a stimulatory effect on the process of decentralization of businesses and creation of new jobs in rural areas and small towns. The situation in the business sector of the Republic of Belarus is placed in R. Lucas hypothesis "About rational expectations." The active position of entrepreneurs is defined by the using of extensive information to foresee the possible effects of changes in the macro environments factors and rational decision-making.

Motives and incentives for small businesses in innovation development of the regional economy