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Digital Growth Points of the Region’s Green Economy in Industry 4.0: Finance and Security Issues

In: Industry 4.0

Author

Listed:
  • Oleg G. Karpovich

    (Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation)

  • Olga S. Diakonova

    (State University of Management)

  • Elena L. Pozharskaya

    (Plekhanov Russian University of Economics)

  • Vladimir V. Grigorenko

    (Kuban State Agrarian University Named After I.T. Trubilin)

Abstract

Purpose: The purpose of this work is to determine the promising digital growth point of the region’s green economy in Industry 4.0, as well as to clarify financing and security issues in the “goal tree” of the strategic development of the regional economy of Russia for the period until 2025 (until the end of the post-pandemic period). Design/methodology/approach: The authors determine the regression dependence of economic growth at constant prices and the consolidated environmental index in the federal districts of the Russian Federation in 2020 on the directions of using special software. In order to determine the prospects of activation of the identified digital growth points of the green economy of the region in Industry 4.0, their regression dependence on the volume of domestic and external financing is determined, as well as the target amount of financing is identified. Findings: It was revealed that the digital growth points of the “green” economy of the regions of Russia in the Industry 4.0 are such areas of use of special software tools as editorial and publishing systems, training programs, and electronic reference legal systems. Originality/value: It has been proved that with the activation of the identified growth points (an increase in the activity of using special software in the selected areas by 20%), the economic growth rate in the regions of Russia in the period until 2025 increases by almost 10 times to 26.78% and the level of environmental safety increases by 44.72% to 97.50 points (becomes almost maximum). For this, it is recommended to increase the volume of external financing by 16.44% to 71055.92 million rubles in the post-pandemic period.

Suggested Citation

  • Oleg G. Karpovich & Olga S. Diakonova & Elena L. Pozharskaya & Vladimir V. Grigorenko, 2021. "Digital Growth Points of the Region’s Green Economy in Industry 4.0: Finance and Security Issues," Springer Books, in: Elena B. Zavyalova & Elena G. Popkova (ed.), Industry 4.0, chapter 0, pages 161-168, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-75405-1_14
    DOI: 10.1007/978-3-030-75405-1_14
    as

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