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Regional aspects of studying the digital economy in the system of economic growth drivers

Author

Listed:
  • N. V. Novikova

    (Ural State University of Economics, Ekaterinburg, Russia)

  • E. V. Strogonova

    (Ural State University of Economics, Ekaterinburg, Russia)

Abstract

Scientific thought is constantly looking for new sources and drivers of economic development and growth. In this regard, the digital economy becomes a buzzword as a major endogenous factor stimulating economic activity of a country and its regions. Therefore, its emergence, development, and measurement become high on the agenda. The paper summarises theoretical and methodological aspects of the study of the digital economy as the major driver boosting the regional economy. The methodological basis of the research rests on the contributions by Bukht and Heeks, the English scholars of the Global Development Institute, who introduced a three-scope approach to understanding the digital economy. The research team also draws on the method to compute the business digitalisation index developed by the Russian scholars of the National Research University Higher School of Economics. As a result of the research the authors propose their method for calculating the composite indicator of the regional economy digitalisation and test it on the Ural macroregion. The method uses a set of 12 specific indicators which shows how deep the digital economy and digital technologies have spread into the region. The study revealed the following distinctive features of the digital economy developing in the subjects of the Russian Federation constituting the Ural macroregion: significant differentiation of the digitalisation levels across the subjects; finished primary stage of the digitalisation process; dissimilar potential for the digital economy development among the subjects; correlation between the level of the regional economy digitalisation and economic growth.

Suggested Citation

  • N. V. Novikova & E. V. Strogonova, 2020. "Regional aspects of studying the digital economy in the system of economic growth drivers," Journal of New Economy, Ural State University of Economics, vol. 21(2), pages 76-93, July.
  • Handle: RePEc:url:izvest:v:21:y:2020:i:2:p:76-93
    DOI: 10.29141/2658-5081-2020-21-2-5
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    References listed on IDEAS

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    1. 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.
    2. V. G. Khalin & G. V. Chernova, 2018. "Digitalization and Its Impact on the Russian Economy and Society: Advantages, Challenges, Threats and Risks," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 10.
    3. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    4. Carl Dahlman & Sam Mealy & Martin Wermelinger, 2016. "Harnessing the digital economy for developing countries," OECD Development Centre Working Papers 334, OECD Publishing.
    5. Olga Romanova, 2018. "Industrial Policy Priorities of Russia in the Context of Challenges of the Fourth Industrial Revolution. Part 1," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 420-432.
    6. Olga Romanova, 2018. "Industrial Policy Priorities of Russia in the Context of Challenges of the Fourth Industrial Revolution. Part 2," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 806-819.
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    Citations

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    Cited by:

    1. Edi-Cristian Dumitra & Iulia Maria Gandea, 2022. "Digitalisation-‘The Invisible Hand’ of Digital economy," Journal of Financial Studies, Institute of Financial Studies, vol. 13(7), pages 51-62, November.
    2. repec:fst:rfsisf:v:13:y:2022:i:13:p:51-62 is not listed on IDEAS
    3. Dongchu Han & Mianfang Liu, 2022. "How Does the Digital Economy Empower Green Development? From the Perspective of the Division of Labor in New Classical Economics," Sustainability, MDPI, vol. 14(23), pages 1-18, November.
    4. Julia A. Varlamova, Ekaterina I. Kadochnikova, 2024. "Determinants of the Use of Big Data Technologies by Organizations in Russian Regions," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 23(2), pages 422-451.
    5. Julia Varlamova & Ekaterina Kadochnikova, 2023. "Modeling the Spatial Effects of Digital Data Economy on Regional Economic Growth: SAR, SEM and SAC Models," Mathematics, MDPI, vol. 11(16), pages 1-31, August.
    6. Chunying Cui & Ziwei Yan, 2023. "Does the Digital Economy Promote Domestic Non-Tradable Sectors?: Evidence from China," Sustainability, MDPI, vol. 15(3), pages 1-23, February.
    7. Viktoria V. Akberdina & Ilya V. Naumov & Sergey S. Krasnykh, 2023. "Digital Space of Regions: Assessment of Development Factors and Influence on Socio-Economic Growth," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(2), pages 294-322.
    8. Dongchu Han & Mianfang Liu, 2022. "How Does the Digital Economy Contribute to Regional Green Development in China? Evidence-Based on the Intermediary Effect of Technological Innovation," Sustainability, MDPI, vol. 14(18), pages 1-14, September.
    9. repec:fst:rfsisf:v:7:y:2022:i:13:p:51-62 is not listed on IDEAS
    10. Yan Li & Qina Zhu & Fengfu Mao, 2024. "The impact of venture capital on the digital industry development: evidence from China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 38(1), pages 93-109, May.

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    More about this item

    Keywords

    economic growth; digital economy; economy digitalisation; macroregion; Ural macroregion;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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