CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

ܯ ܸ ௖௙௔ ൌ σ ܴ ௜ ௜ σ ܳ ௜ ௜ ǡ where ܴ — the total amount of funds raised by crowdfunding projects of a certain type of crowdfunding, monetary units; ܳ — the total number of crowdfunding projects of a certain type of crowdfunding, units; ݅ — the type of crowdfunding project. ڰ share of crowdfunding activity's contribution to GDP ( ܣܨܥ ீ஽௉ ), %: ܣܨܥ ீ஽௉ ൌ σ ܲܵ ௜ ௜ ܦܩ ܲ ൈ ͳͲͲǡ where ܲܵ — products and services created as a result of crowdfunding projects, monetary units; ݅ — type of crowdfunding project; ܦܩ ܲ — GDP of the country, monetary units. A high share of the contribution of crowdfunding activities to the GDP of the state will characterize the development of crowdfunding systems in it. ڰ share of the number of participants in crowdfunding activities in the total number of economically active population, %: ܹ ൌ ݊ ௖௙௔ௗ ൅ ݊ ௖௙௔௥ ൅ ݊ ௖௙௔௠ ܰ ௣ ή ͳͲͲΨǡ where ܹ — the percentage of participants in crowdfunding activities in the total economically active population, %; ݊ ௖௙௔ௗ — the number of contributors registered on crowdfunding platforms; ݊ ௖௙௔௥ — the number of recipients engaged in a crowdfunding campaign and registered on crowdfunding platforms; ݊ ௖௙௔௠ — the number of people (mediators) working on crowdfunding platforms; ܰ ௣ — the total number of the economically active population. This indicator is important because it shows the level of public confidence in crowdfunding. ڰ the share of crowdfunding activities' contribution to the state's economic activity ( ܣܨܥ ா஺ ), %: ܣܨܥ ா஺ ൌ σ ܧ ௜ ௜ ܳ ܧ ൈ ͳͲͲǡ where ܧ — the number of enterprises created as a result of crowdfunding projects, units; ݅ — the type of crowdfunding project; ܳ ܧ — the total number of newly created enterprises, units. 118