IDEAS home Printed from https://ideas.repec.org/a/spr/sorede/v32y2021i1d10.1134_s1075700721010020.html
   My bibliography  Save this article

The Human Component as a Determining Factor of Labor Productivity in the Digital Economy

Author

Listed:
  • A. A. Akaev

    (Institute of Complex Systems Mathematical Research, Moscow State University)

  • V. A. Sadovnichii

    (Moscow State University)

Abstract

— The article provides evidence that most of the cognitive work in the digital age will continue to be reserved for human labor, since this kind of work can generally be fragmented into nonprogrammable tasks (50–75%), the solution of which requires human creative work, and routine programmable tasks that can be solved by intelligent machines (IMs). The authors propose a mathematical model for calculating labor productivity in the digital economy, characterized by widespread “human+IM” symbiosis. The calculations performed on the proposed model demonstrate that: 1) the human+IM symbiosis uses digital technologies to realize potential opportunities of increasing labor productivity in the economy; 2) the highest level of labor productivity is achieved if human labor prevails in the human+IM symbiosis, while the lowest level of labor productivity is observed if the share of programmable IM-performed work prevails; 3) in developed countries labor productivity of 3% per year can be achieved by the mid-2020s, and this level can be retained until the 2040s.

Suggested Citation

  • A. A. Akaev & V. A. Sadovnichii, 2021. "The Human Component as a Determining Factor of Labor Productivity in the Digital Economy," Studies on Russian Economic Development, Springer, vol. 32(1), pages 29-36, January.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:1:d:10.1134_s1075700721010020
    DOI: 10.1134/S1075700721010020
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1134/S1075700721010020
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1134/S1075700721010020?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. N. A. Ganichev & O. B. Koshovets, 2019. "Integrating Russia into the Global Project of Digital Transformation: Opportunities, Problems and Risks," Studies on Russian Economic Development, Springer, vol. 30(6), pages 627-636, November.
    4. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    5. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    6. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-784, August.
    7. N. V. Gaponenko & J. C. Glenn, 2020. "Technology Industry 4.0: Problems of Labor, Employment and Unemployment," Studies on Russian Economic Development, Springer, vol. 31(3), pages 271-276, May.
    8. Jorgenson, Dale W. & Motohashi, Kazuyuki, 2005. "Information technology and the Japanese economy," Journal of the Japanese and International Economies, Elsevier, vol. 19(4), pages 460-481, December.
    9. Erik Brynjolfsson & Lorin Hitt, 1996. "Paradox Lost? Firm-Level Evidence on the Returns to Information Systems Spending," Management Science, INFORMS, vol. 42(4), pages 541-558, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. B. D. Khusainov & A. A. Shirov & N. A. Baizakov, 2022. "The Quality of Growth and Digitalization in the Eurasian Integration Countries: An Econometric Analysis," Studies on Russian Economic Development, Springer, vol. 33(5), pages 547-554, October.
    2. Yang, Senmiao & Wang, Jianda & Dong, Kangyin & Jiang, Qingzhe, 2023. "A path towards China's energy justice: How does digital technology innovation bring about a just revolution?," Energy Economics, Elsevier, vol. 127(PA).
    3. T. A. Teterinets, 2022. "Assessment of Human Capital from the Perspective of Investment Costs," Studies on Russian Economic Development, Springer, vol. 33(2), pages 157-162, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rao, B. Bhaskara, 2010. "Estimates of the steady state growth rates for selected Asian countries with an extended Solow model," Economic Modelling, Elsevier, vol. 27(1), pages 46-53, January.
    2. Pop Silaghi, Monica Ioana & Alexa, Diana & Jude, Cristina & Litan, Cristian, 2014. "Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation," Economic Modelling, Elsevier, vol. 36(C), pages 108-119.
    3. Gancia, Gino & Zilibotti, Fabrizio, 2005. "Horizontal Innovation in the Theory of Growth and Development," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 3, pages 111-170, Elsevier.
    4. repec:hal:spmain:info:hdl:2441/4cufqrm9749dbol0m0bsfeopka is not listed on IDEAS
    5. Jeon, Heesang, 2015. "Knowledge and Contemporary Capitalism in Light of Marx's Value Theory," Thesis Commons g5njk, Center for Open Science.
    6. Xavier Ragot, 2003. "Croissance et division du travail," Post-Print hal-03475968, HAL.
    7. repec:spo:wpmain:info:hdl:2441/4cufqrm9749dbol0m0bsfeopka is not listed on IDEAS
    8. Diego Romero-Ávila, 2013. "Is Physical Investment The Key To China'S Growth Miracle?," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 1948-1971, October.
    9. Bayraktar-Sağlam, Bahar & Yetkiner, Hakan, 2014. "A Romerian contribution to the empirics of economic growth," Journal of Policy Modeling, Elsevier, vol. 36(2), pages 257-272.
    10. Gomes, Orlando, 2007. "Externalities in R&D: a route to endogenous fluctuations," MPRA Paper 2850, University Library of Munich, Germany.
    11. Cem Ertur & Wilfried Koch, 2007. "Growth, technological interdependence and spatial externalities: theory and evidence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(6), pages 1033-1062.
    12. Tsur, Yacov & Zemel, Amos, 2002. "On Knowledge-Based Economic Growth," Discussion Papers 14997, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    13. Thomas Ziesemer, 2018. "Testing the Growth Links of Emerging Economies: Croatia in a Growing World Economy," Bulletin of Applied Economics, Risk Market Journals, vol. 5(1), pages 1-27.
    14. Wilfried Koch, 2005. "Neighborhood Effects In The Solow Model With Spatial Externalities," ERSA conference papers ersa05p723, European Regional Science Association.
    15. Fatma M. Utku-İsmihan, 2019. "Knowledge, technological convergence and economic growth: a dynamic panel data analysis of Middle East and North Africa and Latin America," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(2), pages 713-733, March.
    16. Lutz Arnold, 2007. "A generalized multi-country endogenous growth model," International Economics and Economic Policy, Springer, vol. 4(1), pages 61-100, April.
    17. Bode, Eckhardt, 1996. "Ursachen regionaler Wachstumsunterschiede: wachstumstheoretische Erklärungsansätze," Kiel Working Papers 740, Kiel Institute for the World Economy (IfW Kiel).
    18. Volker Grossmann & Thomas Steger, 2007. "Growth, Development, and Technological Change," CESifo Working Paper Series 1913, CESifo.
    19. Xavier Ragot, 2003. "Croissance et division du travail," Post-Print hal-03475968, HAL.
    20. Long, N.V. & Wong, K.Y., 1996. "Endogenous Growth and International Trade: A Survey," Working Papers 96-07, University of Washington, Department of Economics.
    21. Kumar, Ronald Ravinesh & Stauvermann, Peter Josef & Samitas, Aristeidis, 2016. "The effects of ICT⁎ on output per worker: A study of the Chinese economy," Telecommunications Policy, Elsevier, vol. 40(2), pages 102-115.
    22. KOCH, Wilfried, 2004. "Effets de voisinage dans le modèle de Solow avec des externalités spatiales," LEG - Document de travail - Economie 2004-06, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sorede:v:32:y:2021:i:1:d:10.1134_s1075700721010020. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.