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. 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.
    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. 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.
    6. 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.
    7. 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.
    8. 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.
    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. repec:hal:spmain:info:hdl:2441/4cufqrm9749dbol0m0bsfeopka is not listed on IDEAS
    2. Jeon, Heesang, 2015. "Knowledge and Contemporary Capitalism in Light of Marx's Value Theory," Thesis Commons g5njk, Center for Open Science.
    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:spo:wpmain:info:hdl:2441/4cufqrm9749dbol0m0bsfeopka is not listed on IDEAS
    5. Gomes, Orlando, 2007. "Externalities in R&D: a route to endogenous fluctuations," MPRA Paper 2850, University Library of Munich, Germany.
    6. 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.
    7. 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.
    8. Lutz Arnold, 2007. "A generalized multi-country endogenous growth model," International Economics and Economic Policy, Springer, vol. 4(1), pages 61-100, April.
    9. Volker Grossmann & Thomas Steger, 2007. "Growth, Development, and Technological Change," CESifo Working Paper Series 1913, CESifo.
    10. Long, N.V. & Wong, K.Y., 1996. "Endogenous Growth and International Trade: A Survey," Working Papers 96-07, University of Washington, Department of Economics.
    11. 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.
    12. 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.
    13. Ronald Kumar & Madhukar Singh, 2014. "Role of health expenditure and ICT in a small island economy: a study of Fiji," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(4), pages 2295-2311, July.
    14. Ronald Ravinesh Kumar & Peter Josef Stauvermann & Nikeel Kumar & Syed Jawad Hussain Shahzad, 2019. "Exploring the effect of ICT and tourism on economic growth: a study of Israel," Economic Change and Restructuring, Springer, vol. 52(3), pages 221-254, August.
    15. Rao, B. Bhaskara & Cooray, Arusha, 2010. "Determinants of the long-run growth rate in the South-Asian countries," MPRA Paper 26493, University Library of Munich, Germany.
    16. Kumar, Ronald Ravinesh & Kumar, Radika Devi & Patel, Arvind, 2015. "Accounting for telecommunications contribution to economic growth: A study of Small Pacific Island States," Telecommunications Policy, Elsevier, vol. 39(3), pages 284-295.
    17. Fulvio Castellacci, 2007. "Evolutionary And New Growth Theories. Are They Converging?," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 585-627, July.
    18. Warr, Benjamin & Ayres, Robert, 2006. "REXS: A forecasting model for assessing the impact of natural resource consumption and technological change on economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 17(3), pages 329-378, September.
    19. Krzysztof Cichy, 2009. "Human Capital and Technological Progress as the Determinants of Economic Growth," NBP Working Papers 60, Narodowy Bank Polski.
    20. KOCH, Wilfried, 2006. "Growth and Spatial Dependence in Europe," LEG - Document de travail - Economie 2006-02, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
    21. Aikaterini Kokkinou, 2006. "Innovation and Productivity a Story of Convergence and Divergence Process in EU Countries," ERSA conference papers ersa06p452, European Regional Science Association.
    22. Wilfried Koch, 2004. "Effets de voisinage dans le modèle de Solow avec des externalités spatiales," Working Papers hal-01526536, HAL.

    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.